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4718 Cedar Ave
For Sale $670,000
$670,000
- 6 Units
- Unknown Sq Ft
- 2,087 Sq Ft
- Unknown Cap Rate
Description
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!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $670,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 881703100 |
| MLS # | PAPH2396286 |
| Property ID | 320848047 |
| Lot Sqft | 2,087 |
| Zoning | RSA3 |
| Total Units | 6 |
| Days on Market | 127 |
| Original List Price | Unknown |
| Date Updated | January 07, 2025 |
| Date Created | September 15, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Christos Tzimoulis an agent of . Lic #RM423707
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Data last updated: January 20, 2025.
Robert Crawford
REAL ESTATE AGENT