300-302 Cecil B Moore Avenue

Units: 3 | BEDROOMS: 4 | BATHROOMS: 3 

LISTING PRICE: $300,000

The price includes 2 parcels, a vacant lot and a 3-unit corner building with an extra wide garage facing 3rd St. According to public records, the vacant lot size is 14.41' x 50'and the the footprint of the building is 18' x 50'. The potential future use of this combination could possibly be multi-units with multiple off street parking. Currently, it's an incredible cash flow opportunity for owner occupant or investor. If you consider the lot a minimum of $50K value and the building a $275K price, the cap rate for the building becomes 10.47. This triplex is located on rapidly developing block with multiple new construction developments surrounding it and price ranges pushing $425,000. The area is dotted with restaurants, coffee shops, great bars, and attractions. It's sandwiched between Northern Liberties and Fishtown, very walkable and surrounded by public transit options. All 3 units are bright, cheerful and spacious. Each is self-contained with separate utilities. The large 1st floor unit has access to the side yard through double French doors and access to the basement. Prior to residential use the 1st floor was a laundry mat so there is a hot water tank that is no longer in use. The 2nd floor is currently configured as a 2 bedroom unit. The 3rd floor was laid out similarly but has been reconfigured into a large 1 bedroom unit. The laundry for the building is accessible to all units by a shared entrance way. There is a coin operated washer and a free dryer. 24 hour notice is mandatory for showings. Showings are limited to Wednesday-Saturday 10am-6:30pm. The latest arrival time is 5:30pm.