2550 Cecil B. Moore Avenue

Philadelphia, PA 19121

$267,500
Last Sold Price
Beds
1,986 Sq. Ft.
$135 / Sq. Ft.
1,986
Sq. Ft.
$135
per Sq. Ft.

Description

Investor Opportunity! 2550 Cecil B Moore, a value-add, MF rehab-opportunity now available in the quickly developing Brewerytown Neighborhood of Philadelphia, Pennsylvania. The future 3K+ SF property features multiple units. This new property will be perfectly designed for professionals, students and long term residents in mind. Secure the coveted full 10 year tax abatement as well as the Qualified Opportunity Zone Tax Benefit when you convert into a duplex. The QOZ tax incentive allows for (10 year...Investor Opportunity! 2550 Cecil B Moore, a value-add, MF rehab-opportunity now available in the quickly developing Brewerytown Neighborhood of Philadelphia, Pennsylvania. The future 3K+ SF property features multiple units. This new property will be perfectly designed for professionals, students and long term residents in mind. Secure the coveted full 10 year tax abatement as well as the Qualified Opportunity Zone Tax Benefit when you convert into a duplex. The QOZ tax incentive allows for (10 year tax deferral on the respective capital gains. A 15% tax reduction on those capital gains when they are taxed in the 10th year. Tax free growth on the opportunity investment as long as the investment is held for 10 years.) Or keep as is and sit back and collect monthly rent. Last tenant moved out 4/31/21, property delivered vacant. The opportunity allows for strong rental demand, asset appreciation and growth forecast for years to come in North Philly. Walkable to stunning Fairmount Park and a short drive to restaurants and bars on Ridge Ave and Girard Ave. This submarket is exploding with new rehabs fueled by the healthcare, business and education sectors as revitalization efforts head North from Girard Ave and East from Temple University. There are new construction comps on Cecil B Moore. Inquire within for Building Financials --Pro forma financials. Buy and renovate today!

Property Details for 2550 Cecil B. Moore Avenue

Tax ID Number
324036600
Ownership
Fee Simple
HOA
No
Structure Type
End of Row/Townhouse
Style
Contemporary
Waterfront
No
Garage
No
Expected On Market Date
05-26-2021

Location

Add your commute
LISTING UPDATED: 08/25/2022 08:36 PM

Property Details for 2550 Cecil B. Moore Avenue

StatusClosed
MLS #PAPH1014368
Days on Market202
Taxes$2,674 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1915
Lot Size0.02 AC / 1,020 SF
CountyPhiladelphia County

Location

Add your commute

Virtual Tour

Building Information for 2550 Cecil B. Moore Avenue

Stories-Residences2Year Built1915Building Size-Lot Size0.02 AC / 1,020 SF

Payment Calculator

$1,683 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,460

Property Taxes

$223

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2550 Cecil B. Moore Avenue

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19121 (19121)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $191,000
  • Year Assessed: 2021
  • County Tax: $0
  • Improvement Assessed Value: $151,463
  • City Town Tax: $1,207
  • Land Assessed Value: $39,537
  • Clean Green Assessed: No
  • Land Use Code: O50
  • Zoning: RM1
  • Tax Lot: 307
  • School Tax: $1,467
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 3
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 1,986.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 14.16 x 72.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1078366
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplaces Count: 0
  • Accessibility Features: Doors - Lever Handle(s)
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 2550 Cecil B. Moore Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2550 Cecil B. Moore Avenue

Taxable ValueLand$56,280Additions$225,120Total$281,400
Tax Record2023$3,939 ($328 / month)
Home Facts
Beds6Total Finished SqFt1,986 SqFtAbove Grade Finished SqFt1,986 SqFtStories3Lot Size1,020 SqFtStyleCondominiumYear Built1915ZoningRM1CountyPHILADELPHIAAPN32-4-0366-00

Schools near 2550 Cecil B. Moore Avenue

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 7 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Kelley William D School
PublicPK to 8

Carver High School
Public7 to 12

Dobbins Avt High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.