Buildings can be sold in a package!!! Excellent investment opportunity with neighboring property 2310 Cecil B. Moore also for sale. This mixed-use building features four total units: a recently renovated first-floor commercial space with central A/C and basement (formerly a laundromat) , and three one-bedroom apartments, with the last vacant unit expected to be rented by September, easy to show before then. An interested party is currently in talks to lease the commercial space. Most residential units have been updated and are currently rented below market; with HVAC added, each unit could command $1,000+ in rent. With low taxes, low insurance, and landlord-paid water, tax and insurance only, low maintenance. The building offers strong cash flow potential. At full occupancy, the projected cap rate exceeds 10%. Rent roll available upon request.
Listed by Xiaohui Xie
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License #RS338386
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BHHS Fox & Roach Wayne-Devon
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7325136855
Last updated August 10, 2025
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Source: BrightMLS #PAPH2521904
Listing Facts
TypeMulti-family
NeighborhoodNorth Central
Days on Prevu37
Taxes$2,943/year
Size3,012 sqft
Price per sqft$149
Location
Mortgage Calculator
Listing History
08/10/2025
Price Increased
$450,000
08/01/2025
Listed by BHHS Fox & Roach Wayne-Devon
$449,000
Property Details for 2308 Cecil B Moore Avenue
Exterior
Construction
New Construction: No
Number Of Units Total: 4
Stories Total: 3
Year Built: 1920
Architectural Style: Straight Thru
Construction Materials: Masonry
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Dimensions Source: Assessor
Lot Size Acres: 0.03
Lot Size Dimensions: 18
Lot Size Source: Assessor
Lot Size Square Feet: 1,440
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 9.0
Operating Expense: $2,000.00
Taxes
Tax Annual Amount: $2,943.00
Tax Year: 2024
Interior
Features
Fireplace: No
Spa: No
Measurements
Living Area: 3,012
Living Area Source: Estimated
Rooms
Basement: Connecting Stairway
Has Basement: Yes
Other
Features
Accessibility Features: Level Entry - Main
Location
Subdivision Name: SHARSWOOD
Tax Lot: 283
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Window Unit(s)
Heating: Baseboard - Electric
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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