Investor's Dream: Tenant-Occupied Home in Cedarbrook, Mt. Airy – Prime Location and Strong Cap Rate of 9.7% at the current rental rate! Welcome to 7724 Cedarbrook Ave, a fantastic investment opportunity in the sought-after Cedarbrook section of Mt. Airy. This charming 3-bedroom, 1-bathroom home is perfectly situated on a picturesque tree-lined street, making it an attractive option for both current and future tenants. The property is already Tenant-Occupied, the new owner will benefit from immediate cash flow with reliable tenants already in place, ensuring a consistent rent roll. The property brings in Strong Rental Income, as it has a proven track record of generating solid returns, making it an excellent addition to any investment portfolio. Featuring three well-sized bedrooms and a full bathroom, this home offers ample living space, enhanced by additional usable space in the basement. To top if off, there is private parking and a garage, as your tenant will enjoy the added convenience of a garage, a sought-after feature in urban living that can attract higher-quality tenants. Mt Airy is a prime location and Cedarbrook is known for its friendly community atmosphere, scenic surroundings, and easy access to local parks, schools, and shopping, boosting tenant appeal. With the rising demand for rental properties in this area, there’s significant opportunity for future rent increases and appreciation in value. This property is more than just a house; it's a solid investment with a stable return. Don’t miss the chance to own a piece of Cedarbrook's charm while securing your financial future. Schedule your showing today and explore the possibilities at 7724 Cedarbrook Ave!
This property is $61.9K less than the Median Sold Price and $81/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: #PAPH2414260
Listing Office:
Office Name: CG Realty, LLC
Office Phone: (610) 566-5182
Listing Agent: Anthony Joseph Krupincza
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
7
/10
Wyncote Elementary School
333 Rices Mill Rd
Distance between this listing and this school1.11 miles
Public District Grades KG-4
2
/10
William Rowen Elementary School
6841 N 19th St
Distance between this listing and this school1.21 miles
Public District Grades KG-5
5
/10
Glenside Elementary School
400 Harrison Ave
Distance between this listing and this school1.58 miles
Public District Grades KG-4
Nearby Schools
6
/10
Cedarbrook Middle School
300 Longfellow Rd
Distance between this listing and this school0.39 miles
Public District Grades 5-8
4
/10
Samuel W. Pennypacker School
1858 E Washington Ln
Distance between this listing and this school0.59 miles
Public District Grades KG-8
3
/10
Franklin S. Edmonds School
8025 Thouron Ave
Distance between this listing and this school0.59 miles
Public District Grades KG-8
Nearby Schools
5
/10
Hill Freedman World Academy
1100 E Mount Pleasant Ave
Distance between this listing and this school0.81 miles
Public Magnet Grades 6-12
4
/10
Cheltenham High School
500 Rices Mill Rd
Distance between this listing and this school0.90 miles
Public District Grades 9-12
2
/10
Promise Academy at Martin Luther King High School
6100 Stenton Ave
Distance between this listing and this school1.20 miles
The neighbors living near this home have an average income of $63,441. Typical income of Philadelphia, PA residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7724 Cedarbrook Ave
What is the listing price of this property?
The listing price of 7724 Cedarbrook Ave property is $199,900.
What type of property is this?
The property 7724 Cedarbrook Ave is a townhouse located in Philadelphia, Pennsylvania, 19150.
Is this property for sale now?
Active Listing: 7724 Cedarbrook Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,571 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 7724 Cedarbrook Ave has 3 bedrooms and 1 full and 1 half bathrooms.
What is the square footage of this property?
The property 7724 Cedarbrook Ave is 1,692 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 7724 Cedarbrook Ave is 1950.
This home is located at 7724 Cedarbrook Ave in Philadelphia, PA and zip code 19150 in the Cedarbrook neighborhood. This 1,692 square foot home, which was built in 1950, sits on a 0.03 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 27, 2024 and is currently priced at $199,900.
In October 2024 more than 252 listings in Philadelphia, PA were sold above the asking price. During the same period more than 237 listings were sold at asking price, while more than 567 were sold below. In October 2024 in Philadelphia, PA there were 9.8% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $261,807, while the average time on the real estate market was 44 days.
From Rocket Homes Real Estate and based on county public records data.