Philadelphia, PA 19134,2317 E WESTMORELAND ST
Philadelphia, PA 19134,2317 E WESTMORELAND ST
Philadelphia, PA 19134,2317 E WESTMORELAND ST
Philadelphia, PA 19134,2317 E WESTMORELAND ST
Philadelphia, PA 19134,2317 E WESTMORELAND ST
Philadelphia, PA 19134,2317 E WESTMORELAND ST
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$ 838,000
Est. payment | /mo

2,100 Sqft Lot


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$ 838,000
Est. payment | /mo
Save

2,100 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Lot Size 2,100 Sqft

MLS Listing ID PAPH2586982

Financing Cash,Conventional,Negotiable,Private,Other

Total Units 4

Short Sale No

Originating MLS BRIGHT

Property Description

Rarely offered, fully renovated 4-unit mixed-use property with long-term residential and commercial tenants. This property boasts modern amenities with high-quality finishes throughout! This fully sprinklered building features three upscale 1-bedroom, 1-bath apartments and a long-term medical tenant on the ground floor, ensuring steady rental income.
Key Investment Highlights:
✔ Strong 7.87% Cap Rate – High-yield, income-producing asset
✔ Tax Abatement – 1 Years Remaining
✔ 100% Occupancy with Cash Flow – Long-term residential & commercial tenants
✔ Turnkey Condition – Low-maintenance, modern construction
✔ High-Demand Location – Steps from Aramingo Ave, I-95, transit, and retail hubs
✔ Quality Upgrades – Tankless water heaters, sliding glass shower doors, central air, LED lighting, granite countertops, tile flooring, stainless steel appliances
✔ Fire & Safety Compliance – Fire alarm monitoring & annual system maintenance
✔ Transferrable Roof Warranty – Added long-term value
This prime investment property offers a rare opportunity to acquire a stabilized, low-maintenance asset in a rapidly growing area. Perfect for 1031 exchange and portfolio investors! Location Perks: Close to public transportation, restaurants, retailers, hospitals, schools, parks, fitness centers, I-95, and just minutes from downtown.
Don't miss this highly desirable, fully occupied asset
The property generates an annual rent of $80,800 and is separately metered for electricity. This property offers a lot, including streamlined rental payments, secure waste management, and maintenance services. Don't miss out on this income-generating gem!

Location

State PA

County Philadelphia

Area 19134 (19134)

Zoning ICMX

Interior

Hot Water Instant Hot Water, Tankless, Electric

Heating Central

Cooling Central A/C

Flooring Ceramic Tile, Laminate Plank

Inclusions transferrable roof warranty, fire alarm monitoring

Heat Source Electric

1-purchase type For Sale

Exterior

Utilities Available Electric Available, Sewer Available, Water Available

Waterfront N

Water Access N

View City

Roof Type Flat,Rubber

Accessibility Doors - Swing In

Parking Type On Street

Building

New Construction N

Foundation Slab

Lot Dimensions 50.00 x 42.00

Sewer Public Sewer

Water Public

Schools

School District The School District Of Philadelphia

Others

Tax Amount $7,133

Tax Year 2024

Tax ID 871586000

Ownership Fee Simple

Security Features Exterior Cameras,Main Entrance Lock,Smoke Detector,Sprinkler System - Indoor,Window Grills

Acceptable Financing Cash, Conventional, Negotiable, Private, Other

Special Sale Standard

Bright MLS (BMLS)
Listed by Sokkie Choing • Red Door Real Estate

Nearby Locations

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