Fully Renovated 4-Unit Investment with Tax Abatement Welcome to 2002 Cecil B Moore Avenue, a fully occupied 4-unit apartment building just steps from the Liacouras Center and the Martin Luther King Recreation Center. The property was completely renovated in 2020, offering modern finishes and updated systems throughout. With 6 years… Read More remaining on the tax abatement, new ownership will benefit from reduced expenses and strong cashflow. The building produces an NOI of $64,431, translating to a 7.58% cap rate, along with a DSCR of 1.43 at 70% LTV, making this a strong candidate for financing and an attractive long-term hold. Whether you are an investor seeking a turn-key property with proven returns or an owner-occupant buyer looking for an opportunity that requires very little management and no renovations, 2002 Cecil B Moore Ave offers both stability and income in a prime location. Read Less
Courtesy of Jason Kleinman, SDG Management, LLC 267-318-7080
Listing Snapshot
Days Online
1
Last Updated
Property Type
Townhouse
Square Ft.
6,083
Lot Size
0.04 Acres
Year Built
1915
MLS Number
PAPH2542320
Additional Details
Building
Built in 1915, Built in 2020 (effective), Living area: 6083, Construction Materials: Masonry
Cooling
Central A/C
Accessibility Features
None
Foundation
Brick/Mortar, Concrete Perimeter
Heating
Forced Air
Income
Net Operating Income: $64,431
Lot
0.04 acres, Dimensions: 19.00 x 84.00
Parking
Public
Property
Very Good, Other structures: Above Grade, Below Grade
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