Address
2542 Cecil B Moore Avenue Philadelphia, PA
Price
$ 249,999
Property Attributes
  • MLS#PAPH988870
  • TypePending
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19121
  • Zip19121
  • StyleContemporary
  • Year Built1915
  • Taxes2107
  • Price$ 249,999
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size871 SqFt
Listing Provided Courtesy Of:
Full Court Realty
Data Source:
Bright MLS
Property Description

Investor Opportunity! 2542 Cecil B Moore, a value-add, duplex rehab-opportunity now available in the quickly developing Brewerytown Neighborhood of Philadelphia, Pennsylvania. The future 3K+ SF property features 2 units (Build back, build down - basement, build up - roof deck). Bedroom count (6) designed for professionals, students and long term residents in mind. There are (2) 3BR x 2BA apartments within. Secure the coveted full 10 year tax abatement as well as the Qualified Opportunity Zone Tax Benefit when you convert into a duplex. The QOZ tax incentive allows for (10 year tax deferral on the respective capital gains. A 15% tax reduction on those capital gains when they are taxed in the 10th year. Tax free growth on the opportunity investment as long as the investment is held for 10 years.) Or keep as is and sit back and collect $1,350/month as is or $16,200 in gross annual rent. Last tenant moved out 1/31/21, property delivered vacant. The opportunity allows for strong rental demand, asset appreciation and growth forecast for years to come in North Philly. Walkable to stunning Fairmount Park and a short drive to restaurants and bars on Ridge Ave and Girard Ave. This submarket is exploding with new rehabs fueled by the healthcare, business and education sectors as revitalization efforts head North from Girard Ave and East from Temple University. There are new construction comps on Cecil B Moore. Inquire within for Building Financials --Pro forma financials, and zoning permit are available. Buy and renovate today!

Price History
3/1/2021 Listed $224,999

General Features

Accessibility Doors - Lever Handle(s)
Architectural Style Contemporary
Construction Materials Masonry
Cool Fuel Electric
Cooling Central A/C
County PHILADELPHIA
Days on Market 26
Garage Y/N No
Heating Central
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
MLS Area 19121 (19121)
New Construction No
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 169.84
Property SubType Duplex
Property Type Multi-Family
Rent Control Y/N No
Sewer Public Sewer
Structure Type Interior Row/Townhouse
Tax Annual Amount 2107.0
Tax Lot 333
Tax Year 2020
Total Units 2
Vacation Rental Y/N No
Water Access Y/N No
Zoning RM1

Interior Features

Central Air Y/N Yes
Furnished Units None
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Living Area 1472
Three Bedroom Units Count 2

Exterior Features

Lot Dimensions 14.00 x 70.00
Lot Size Acres 0.02
Lot Size Source Assessor
Lot Size Square Feet 980.00
Navigable Water Y/N No
Pool Y/N No Pool
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19121

Price
AVG $310K
$250K
Taxes
AVG $1,885
$2,107
Visits
AVG 40
11
Year Built
AVG 1949
1915
Walkscore
AVG 81
70
Data Provided by Walkscore ® not using MLS data

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