Investor Opportunity! 2542 Cecil B Moore, a value-add, duplex rehab-opportunity now available in the quickly developing Brewerytown Neighborhood of Philadelphia, Pennsylvania. The future 3K+ SF property features 2 units (Build back, build down - basement, build up - roof deck). Bedroom count (6) designed for professionals, students and long term residents in mind. There are (2) 3BR x 2BA apartments within. 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 $1,350/month as is or $16,200 in gross annual rent. Last tenant moved out 1/31/21, 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, and zoning permit are available. Buy and renovate today!
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 11th April, 2021 3:19 AM
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