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Excellent opportunity to purchase a 6-unit multifamily property in a fabulous location! 4718 Cedar Avenue is in the wonderful Cedar Park section of University City, Philadelphia. The building features 6 apartments (3 studios and 3 one-bedroom units), 5 of which are currently leased. Current rent roll is $4470 per month + $100 water fees. Once the vacant unit is leased, the projected rent roll will be $5520 + $120 water for a total gross income of $5640 per month, $67,680 per year. Rent roll: 1F $925 (+$20 water) thru 5/31/2025; 1R $1050 (+$20 water) thru 3/31/2025; 2F $975 (+$20 water) thru 6/30/2025; 2R vacant and just renovated; 3F $560 (+$20 water) thru 4/30/2025 (long term tenant); 3R $960 (+$20 water) thru 3/31/2025. Each unit has individually controlled electric baseboard heaters paid for by tenants. Owner supplies hot and cold water. There is a coin op washer and dryer in the large common basement. This property is very close to parks, the bustling Baltimore Avenue commercial corridor and public transit, making it one of the most convenient locations in University City. Schedule your tour today!
| DAYS ON MARKET | 4 | LAST UPDATED | 9/15/2024 |
|---|---|---|---|
| TRACT | CEDAR PARK | YEAR BUILT | 1900 |
| COMMUNITY | 19143 (19143) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | 19143 (19143) |
|---|---|
| HEAT | Baseboard, Electric |
| LOT | 2178 sq ft |
| LOT DIMENSIONS | 21.00 x 99.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| SUBDIVISION | CEDAR PARK |
| TAXES | 7942 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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