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    5334-36 Cedar Avenue

    PHILADELPHIA, PA 19143
    • $1,995,000
    • STATUS: Active
    • ON SITE: 60 days
    • ID#: PAPH975308
    Price Reduced
    UPDATED: 115 min ago
    $1,995,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,214
      SQFT
    • $277
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    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/5mjZo7Bj23GNWufp7https://photos.app.goo.gl/BCXMtRrLG2aNk2Nt9https://photos.app.goo.gl/VJBsX4oMSbcawCTo9https://photos.app.goo.gl/NZLCaESE1bh3EUgZ9https://photos.app.goo.gl/pz9wmikWrRucr6CT8https://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 Ramus Realty Group. 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: 2021-03-07T23:50:35.627.
    www.ramusrealty.com/homes/113042700
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    5334-36 Cedar Avenue PHILADELPHIA, PA 19143

    • Price: $1,995,000
    • Status: Active
    • Updated: 115 min ago
    • ID#: PAPH975308
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    7,214
    SQFT
    $277
    $/SQFT
    2019
    Built
    Neighborhood:
    19143 (19143)
    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/5mjZo7Bj23GNWufp7https://photos.app.goo.gl/BCXMtRrLG2aNk2Nt9https://photos.app.goo.gl/VJBsX4oMSbcawCTo9https://photos.app.goo.gl/NZLCaESE1bh3EUgZ9https://photos.app.goo.gl/pz9wmikWrRucr6CT8https://photos.app.goo.gl/29RCjnWydKuovnoZ9
    Exterior Features

    Architectural Style CraftsmanContemporary Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 7214 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Heating Forced Air Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 4

    Property Features

    Accessibility Features None Assessment Year 2020 Association YN No Central Air YN Yes Cooling Fuel Electric Cross Street 53rd 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 Leased 8 Number Of Units Total 4 Operating Expense 14282.00 Operating Expense Includes InsuranceSnow RemovalTrash Original MLSNumber 304435311747 Other Expense 7294.00 Owner Pays Heater Maintenance ContractInsuranceLawn/Shrub CareSnow RemovalTaxes - Real EstateTrash CollectionWater Ownership Interest Fee Simple Possession Negotiable Property Sub Type Other Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 9219.00 Tax Assessment Amount 658600.00 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 Ramus Realty Group. 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: 2021-03-07T23:50:35.627.
     
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