Fully Renovated 4-Unit Investment with Tax Abatement
Welcome to 2002 Cecil B Moore Avenue, a fully occupied 4-unit apartment building just steps from the Liacouras Center and the Martin Luther King Recreation Center.
The property was completely renovated in 2020, offering modern finishes and updated systems throughout. With 6 years remaining on the tax abatement, new ownership will benefit from reduced expenses and strong cashflow. The building produces an NOI of $62,115, translating to a 7.53% cap rate, along with a DSCR of 1.42 at 70% LTV, making this a strong candidate for financing and an attractive long-term hold.
Whether you are an investor seeking a turn-key property with proven returns or an owner-occupant buyer looking for an opportunity that requires very little management and no renovations, 2002 Cecil B Moore Ave offers both stability and income in a prime location.
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Listing Snapshot
Price
$825,000
Days On Site
208 Days
Bedrooms
4
Inside Area (SqFt)
6,083 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.04 Acres
Year Built
1915
MLS® Number
PAPH2591594
Status
Pending
Property Tax
$1,946.63
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
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