5352-54 Cedar Avenue, Philadelphia, PA 19143

Property Description

5352–54 Cedar Avenue presents a fully renovated, turnkey 6-unit multifamily opportunity located on the border of Cedar Park and Cobbs Creek in West Philadelphia. Offered at a newly adjusted price of $1,225,000, the property delivers an attractive projected return with immediate lease-up potential in one of the city’s strongest rental corridors. The building consists of two 3-bedroom, 2-bath units, three 2-bedroom units, and one 1-bedroom unit, all renovated with modern finishes including hardwood flooring, recessed lighting, stainless steel appliances, updated kitchens and baths, and in-unit laundry. The property is fully electric with separately metered utilities and minimal anticipated near-term capital expenditures. First-floor units feature private rear yard spaces, a highly desirable amenity uncommon in comparable multifamily assets. Additional improvements include updated mechanical systems, sprinkler system, fire alarm system, modernized common areas, and covered front porches overlooking Cedar Avenue. Delivered fully vacant, investors have the ability to immediately stabilize the asset at projected market rents without legacy tenancy issues. The property also benefits from a 10-year tax abatement with phased step-up structure, creating substantial early-year tax savings and improved cash flow. Positioned directly across from the PHMC Public Health Campus and within close proximity to University City, major hospitals, Center City access, public transportation, Clark Park, Baltimore Avenue retail, and neighborhood dining, the property is well situated for long-term rental demand and appreciation.

Property Features

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