Property
Philadelphia, PA 19121 2002 Cecil B Moore Avenue
$850,000
49 more
Presented By: SDG Management, LLC
Beds • 4
Beds • 4Home Details
Fully Renovated 4-Unit Investment with Tax Abatement
Welcome to 2002 Cecil B Moore Avenue, a fully occupied 4-unit apartment building just steps from the Liacouras Center and the Martin Luther King Recreation Center.
The property was completely renovated in 2020, offering modern finishes and updated systems throughout. With 6 years remaining on the tax abatement, new ownership will benefit from reduced expenses and strong cashflow. The building produces an NOI of $64,431, translating to a 7.58% cap rate, along with a DSCR of 1.43 at 70% LTV, making this a strong candidate for financing and an attractive long-term hold.
Whether you are an investor seeking a turn-key property with proven returns or an owner-occupant buyer looking for an opportunity that requires very little management and no renovations, 2002 Cecil B Moore Ave offers both stability and income in a prime location.
Presented By: SDG Management, LLC
Interior Features for 2002 Cecil B Moore Avenue
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceEstimated
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric
General for 2002 Cecil B Moore Avenue
Acceptable FinancingCash, FHA, Conventional
AccessibilityNone
Architectural StyleTraditional
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsGPS
Garage Y/NNo
HeatingForced Air
Historic Y/NNo
Lease TypeYearly
Living Area6083
Lot Size Square Feet1596.00
Lot Size UnitsSquare Feet
MLS Area19121 (19121)
MunicipalityPHILADELPHIA
Net Operating Income64431.00
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
NumberOfUnitsVacant
One Bedroom Units Count2
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 3
OwnershipFee Simple
PossessionImmediate, Negotiable
Price Per Sq Ft Total AG167.22
Property ConditionVery Good
Property SubtypeQuadruplex
Property TypeMulti-Family
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeInterior Row/Townhouse
Tax Annual Amount1946.0
Tax Assessed Value139065.0
Tax Lot335
Tax Year2025
Total Actual Rent79584.00
Total SQFT6083
Two Bedroom1
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1915
Year Built SourceAssessor
ZoningRM1
Exterior for 2002 Cecil B Moore Avenue
Foundation DetailsBrick/Mortar, Concrete Perimeter
Land Assessed Value137680.00
Land Use CodeU50
Lot Dimensions19.00 x 84.00
Lot Size Acres0.04
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Parking FeaturesPublic
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
YOLANDA CASSIDY-BOGAN
Associate