2812 Cecil B Moore Ave, Philadelphia, PA 19121

Property Description

Welcome to 2812 Cecil B. Moore Avenue — a newer-construction triplex offering an outstanding opportunity for investors in Philadelphia. Built in 2021 and with approximately 3.5 years remaining on the tax abatement, this three-unit property offers modern construction, strong rental potential, and the flexibility to add a quality multifamily asset to your portfolio. The first-floor unit is currently rented for $1,760/month and the second-floor unit is rented for $1,385/month, providing $3,145 in existing monthly rental income. The third-floor unit is currently vacant and was previously rented for $2,040/month, bringing the property's potential gross rental income to approximately $5,185 per month, or $62,220 annually. At the $650,000 asking price, the property offers a potential gross rental yield of approximately 9.6%. Based on the current reported annual expenses of approximately $7,600, the property produces an estimated NOI of $54,573 before vacancy, maintenance, management and any other applicable operating expenses, representing an 8.4% cap rate before those additional expenses. Priced aggressively at $650,000, this is an opportunity to purchase a newer triplex at a compelling price point. Whether you're looking to expand your investment portfolio or explore an owner-occupied multifamily strategy, 2812 Cecil B. Moore Avenue deserves a look. Schedule your showing and see the potential for yourself!