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!
MLS# | PAPH2396286 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1900 |
Days On Site | 57 |
Listing Provided By | New Age Realty Group Inc | Christos Tzimoulis |
SQ Feet | 2,610 |
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Zoning | RSA3 |
Acreage | 0.05 |
State | PA |
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County | Philadelphia |
City | Philadelphia |
Zip Code | 19143 |
Area | 19143 |
Community Name | Cedar Park |
School District | The School District Of Philadelp |
Listing VS Median (in Cedar Park) | |
Price: $670,000 low | high Med: $300,000 SqFt: 2,610 low | high Med: 1,036 $ / SqFt: $257 low | high Med: $290 On Site: 57 low | high Med: 88.000000 |