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    5334-36 Cedar Avenue

    PHILADELPHIA, PA 19143
    • $1,995,000
    • STATUS: Active
    • ON SITE: 123 days
    • ID#: PAPH975310
    UPDATED: 63 min ago
    $1,995,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2019
    County:

    School Ratings & Info

    Description

    Fully rented, cash producing, brand new construction built in 2019, 8 unit building in University City. Perfect for an investor, 1031 Exchange, or owner occupant. There are Four, 2-bedroom units and Four, 1-bedroom units. Two units rent for $1150, 3 units rent for $1420, Two units for $1320, and one unit for $1400. Live in one unit and rent out the rest or sit back and enjoy the cashflow. Some features include: Central AC, new kitchen & baths with a new modern look for tiles, fixtures and finishes, stainless-steel appliances (fridge, stove, dishwasher, Microwave), garbage disposals, hardwood floors, recessed lighting and washer & dryer in each unit and some patio space. Come and enjoy this great space with high ceilings, loads of natural light and a clean modern feel. Great quick access to the commercial district of Baltimore Avenue including such venues as Cedar Park Cafe, Hibiscus Cafe, Booker's Restaurant & Bar, Amari's Restaurant, a half mile to Dock Street Brewery West, and only 1.8 mi to University of Penn & Drexel's campus. Nearby SEPTA routes offer easy access to anywhere. Tenants pay gas, water and electricity. Tax abatement has been applied for. Because all units are rented and occupied Serious buyers only. Proof of funds or pre-approval required before viewing the property to limit the tenant interruptions. For showing coordination, as much advanced notice as possible is appreciated. Seller will sell property individually or as part of a package with these other properties which are also for sale: 4811 Walnut St. 4 units, 5301 Pine St. 3 units, 5334-36 Cedar Ave. 8 units, 5409 Christian St. 3 units. A total portfolio of 18 Units and 4 buildings. View 360 degree photos of the units: https://photos.app.goo.gl/5mjZo7Bj23GNWufp7 https://photos.app.goo.gl/BCXMtRrLG2aNk2Nt9 https://photos.app.goo.gl/VJBsX4oMSbcawCTo9 https://photos.app.goo.gl/NZLCaESE1bh3EUgZ9 https://photos.app.goo.gl/pz9wmikWrRucr6CT8 https://photos.app.goo.gl/29RCjnWydKuovnoZ9

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Lesniewski | RE/MAX United Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-05-10T16:53:27.37.
    www.johnlhomes.com/homes/113042699
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    5334-36 Cedar Avenue PHILADELPHIA, PA 19143

    • Price: $1,995,000
    • Status: Active
    • Updated: 63 min ago
    • ID#: PAPH975310
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    2019
    Built
    Neighborhood:
    University City
    County:
    Philadelphia
    Area:
    19143 (19143)
    School District:
    The School District Of Philadelphia
    Property Description
    Fully rented, cash producing, brand new construction built in 2019, 8 unit building in University City. Perfect for an investor, 1031 Exchange, or owner occupant. There are Four, 2-bedroom units and Four, 1-bedroom units. Two units rent for $1150, 3 units rent for $1420, Two units for $1320, and one unit for $1400. Live in one unit and rent out the rest or sit back and enjoy the cashflow. Some features include: Central AC, new kitchen & baths with a new modern look for tiles, fixtures and finishes, stainless-steel appliances (fridge, stove, dishwasher, Microwave), garbage disposals, hardwood floors, recessed lighting and washer & dryer in each unit and some patio space. Come and enjoy this great space with high ceilings, loads of natural light and a clean modern feel. Great quick access to the commercial district of Baltimore Avenue including such venues as Cedar Park Cafe, Hibiscus Cafe, Booker's Restaurant & Bar, Amari's Restaurant, a half mile to Dock Street Brewery West, and only 1.8 mi to University of Penn & Drexel's campus. Nearby SEPTA routes offer easy access to anywhere. Tenants pay gas, water and electricity. Tax abatement has been applied for. Because all units are rented and occupied Serious buyers only. Proof of funds or pre-approval required before viewing the property to limit the tenant interruptions. For showing coordination, as much advanced notice as possible is appreciated. Seller will sell property individually or as part of a package with these other properties which are also for sale: 4811 Walnut St. 4 units, 5301 Pine St. 3 units, 5334-36 Cedar Ave. 8 units, 5409 Christian St. 3 units. A total portfolio of 18 Units and 4 buildings. View 360 degree photos of the units: https://photos.app.goo.gl/5mjZo7Bj23GNWufp7 https://photos.app.goo.gl/BCXMtRrLG2aNk2Nt9 https://photos.app.goo.gl/VJBsX4oMSbcawCTo9 https://photos.app.goo.gl/NZLCaESE1bh3EUgZ9 https://photos.app.goo.gl/pz9wmikWrRucr6CT8 https://photos.app.goo.gl/29RCjnWydKuovnoZ9
    Exterior Features

    Construction Materials Masonry Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 7214.00 Cooling Central A/C Heating Forced Air Heating YN Yes Net Square Feet 7214.00

    Property Features

    Accessibility Features None Annual Gross Expense 14282.00 Assessment Year 2021 Association YN No Business Type Apartment Building Central Air YN Yes Cooling Fuel Electric Cross Street 52nd Electric Expense 2000.00 Gross Income 127200.00 Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Philadelphia Insurance Expense 5055.00 Navigable Water YN N Net Operating Income 112918.00 New Construction YN No Number Of Units Total 0 Operating Expense 14282.00 Operating Expense Includes InsuranceSnow RemovalTrash Original MLSNumber 304435311291 Other Expense 9843.00 Owner Pays InsuranceSnow RemovalTaxes - Real EstateTrash Collection Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 975.00 Tax Assessment Amount 69680.00 Tax Lot 121 Total Actual Rent 127200.00 Trash Expense 1485.00 Vacation Rental YN No Water Source Public Zoning Rm1

    Listing courtesy of Bhhs Fox & Roach-Chestnut Hill.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Lesniewski | RE/MAX United Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-05-10T16:53:27.37.
     
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    John Lesniewski | RE/MAX United Real Estate
    14340 Old Marlboro Pike
    Upper Marlboro MD, 20772