4718 Cedar Ave
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4718 Cedar Ave
6 Unit Apartment Building $670,000 ($111,667/Unit) Philadelphia, PA 19143
Executive Summary
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 of which are currently leased. Current rent roll is $5520 per month + $120 water fees. Total gross income of $5640 per month, $67,680 per year. Rent roll: 1F $925 (+$20 water) thru 5/31/2025; 1R $1050 (+$20 water) thru 3/31/2025; 2F $975 (+$20 water) thru 6/30/2025; 2R $1050 (+$20 water) thru 9/30/2025; 3F $560 (+$20 water) thru 4/30/2025 (long term tenant); 3R $960 (+$20 water) thru 3/31/2025. 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!
Property Facts
| Price | $670,000 | Apartment Style | Low Rise |
| Price Per Unit | $111,667 | Building Class | C |
| Sale Type | Investment | Building Size | 2,610 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1900 |
| Price | $670,000 |
| Price Per Unit | $111,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Building Size | 2,610 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 3 | - | - |
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Walk Score ®
Walker's Paradise (94)
Transit Score ®
Excellent Transit (78)
Bike Score ®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | 881703100 | Improvements Assessment | $357,700 |
| Land Assessment | $153,300 | Total Assessment | $511,000 |
PROPERTY TAXES
Parcel Number
881703100
Land Assessment
$153,300
Improvements Assessment
$357,700
Total Assessment
$511,000
zoning
| Zoning Code | RSA3 (CA0 Apt: 5-50 Units, Masonry) |
| RSA3 (CA0 Apt: 5-50 Units, Masonry) |
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4718 Cedar Ave
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