Philadelphia, PA 19121,2550 CECIL B MOORE AVE
Philadelphia, PA 19121,2550 CECIL B MOORE AVE
Philadelphia, PA 19121,2550 CECIL B MOORE AVE
Philadelphia, PA 19121,2550 CECIL B MOORE AVE
Philadelphia, PA 19121,2550 CECIL B MOORE AVE
Philadelphia, PA 19121,2550 CECIL B MOORE AVE
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$267,500

$294,999

9.3%
Est.Price: ?

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Est. payment /mo

1,986 SqFt


SOLD DATE : 04/02/2022

Key Details

Sold Price $267,500

Property Type Multi-Family

Sub Type End of Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 1,986 sqft

Price per Sqft $134

Subdivision Brewerytown

MLS Listing ID PAPH1014368

Sold Date 04/02/22

Style Contemporary

HOA Y/N N

Abv Grd Liv Area 1,986

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $2,674

Tax Year 2021

Lot Size 1,020 Sqft

Acres 0.02

Lot Dimensions 14.16 x 72.00

Property Description

Investor Opportunity! 2550 Cecil B Moore, a value-add, MF rehab-opportunity now available in the quickly developing Brewerytown Neighborhood of Philadelphia, Pennsylvania. The future 3K+ SF property features multiple units. This new property will be perfectly designed for professionals, students and long term residents in mind. 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 monthly rent. Last tenant moved out 4/31/21, 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. Buy and renovate today!

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RM1

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Electric

Exterior

Waterfront N

Water Access N

Accessibility Doors - Lever Handle(s)

Parking Type On Street

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 324036600

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Aaron Lewis • Full Court Realty
Bought with Aaron Lewis • Full Court Realty
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(914) 223-7234

briahna.savage@exprealty.com

777 Westchester Ave, West Harrison, NY, 10604, USA

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