4718 Cedar Ave, PHILADELPHIA, PA 19143

Excellent opportunity to purchase a 6-unit multifamily property in a fabulous location! 4718 Cedar Avenue is in the wonderful Cedar Park section of University City, Philadelphia. The building features 6 apartments (3 studios and 3 one-bedroom units). All units are leased except 3F, which is now on the rental market with an anticipated rent of $875. Current rent roll is $5,020 per month + $100 in water fees. With 3F leased at $875, monthly rent goes to $5,895 and water to $120 per month for a total of $6,015, or $72,180 per year. Each unit has individually controlled electric baseboard heaters paid for by tenants. Owner supplies hot and cold water. There is a coin op washer and dryer in the large common basement. This property is very close to parks, the bustling Baltimore Avenue commercial corridor and public transit, making it one of the most convenient locations in University City. Schedule your tour today!