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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), all of which are currently leased. Current rent roll is $5520 per month + $120 water fees. 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 $1050 (+$20 water) thru 9/30/2025; 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 | 69 | LAST UPDATED | 10/21/2024 |
|---|---|---|---|
| TRACT | CEDAR PARK | YEAR BUILT | 1900 |
| COMMUNITY | 19143 (19143) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Oct 9, '24 | $725,000 |
|---|---|
| Oct 9, '24 - Oct 21, '24 | $695,000 |
| Oct 21, '24 - Today | $670,000 |
| 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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