Welcome to an exceptional investment opportunity in close proximity to Temple University campus! This four-story commercial/multi-family property presents an ideal prospect for investors, particularly those interested in student housing. Situated on an 18 x 80 lot, this property boasts a versatile layout designed to maximize its earning potential. The first floor features a spacious commercial space with flexible usage options, making it suitable for offices, retail stores, non-profit organizations, and more. This prime location ensures high visibility and foot traffic, enhancing the appeal for various business ventures. ****This property can be a package purchase with 1704 Cecil B. Moore, the attached building for $1,090,000 for further investment opportunity.**** Above the commercial space are three units, each comprising five bedrooms and three full bathrooms. With ample living space and modern amenities, these units are perfectly tailored to meet the housing needs of Temple University students. Whether utilized as long-term rentals or short-term accommodations, these units offer lucrative income potential. Furthermore, the property benefits from a remaining tax abatement, providing valuable savings for the discerning investor. This advantageous financial incentive adds to the appeal of this investment opportunity, allowing for increased profitability over time. Don't miss out on the chance to capitalize on this prime investment near Temple University. Whether you're a seasoned investor or new to the market, seize this opportunity to secure a profitable asset in one of Philadelphia's most sought-after locations. Schedule a viewing today and take the first step towards realizing your investment goals!
Property Details
Property Features
Property Information:
Architectural Style: Split Level, Straight Thru
Year Built: 2017
Living Area: 5,400 SqFt
Listing Office:
Office Name: RE/MAX Keystone
Office Phone: (215) 885-8900
Listing Agent: Kurt C Werner
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.03 Acres
Utilities
Utilities Information:
Heating: Central, Heat Pump
Cooling: Central Air
Other
Directions Information:
Directions: Between 16th and 17th Streets
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $664,900
Price Per SqFt: $123/SqFt
Tax Information:
Annual Amount: $1,512
Tax Year: 2020
What can I afford?
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Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $399.5K more than the Median Sold Price and $78/SqFt less than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2343696
Listing Office:
Office Name: RE/MAX Keystone
Office Phone: (215) 885-8900
Listing Agent: Kurt C Werner
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Kipp North Philadelphia Charter School
2539 N 16th St
Distance between this listing and this school0.91 miles
Public Charter Grades KG-6
1
/10
Richard R. Wright Elementary School
2700 W Dauphin St
Distance between this listing and this school1.09 miles
Public District Grades KG-5
3
/10
Mastery Charter School at Clymer
1201 W Rush St
Distance between this listing and this school1.31 miles
Public Charter Grades KG-6
Nearby Schools
3
/10
General George G. Meade School
1600 N 18th St
Distance between this listing and this school0.12 miles
Public District Grades KG-8
3
/10
Alliance for Progress Charter School
1821 Cecil B Moore Ave # 39
Distance between this listing and this school0.14 miles
Public Charter Grades KG-8
3
/10
Dunbar Academics Plus School
1750 N 12th St
Distance between this listing and this school0.46 miles
Public District Grades KG-8
Nearby Schools
9
/10
Carver High School
1600 W Norris St
Distance between this listing and this school0.30 miles
Public Magnet Grades 7-12
1
/10
Youth Build Phila Charter School
1231 N Broad St Fl 5
Distance between this listing and this school0.50 miles
Public Charter Grades 12-12
2
/10
Philadelphia Military Academy at Elverson
2118 N 13th St # 2160
Distance between this listing and this school0.63 miles
The neighbors living near this home have an average income of $11,406. Typical income of Philadelphia, PA residents is less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
This home is located at 1702 Cecil B Moore Ave in Philadelphia, PA and zip code 19121 in the Lower North Philadelphia neighborhood. This 5,400 square foot home, which was built in 2017, sits on a 0.03 acre lot. It has been listed on Rocket Homes since April 16, 2024 and is currently priced at $664,900.
While more than 219 listings in Philadelphia, PA in November 2024 were sold above asking price, there were more than 204 listings sold at asking price, and more than 523 were sold below. The number of homes for sale in Philadelphia, PA increased by 1.8% between October 2024 and November 2024. In November 2024 median list price was $265,372 and the average listing age was 45 days.
From Rocket Homes Real Estate and based on county public records data.