5352-54 Cedar Avenue , Philadelphia, PA 19143

Property Description

Fully renovated, turnkey 6-unit multifamily property located on the border of Cedar Park and Cobbs Creek in West Philadelphia, offering a rare opportunity in one of the area’s most active and growing rental corridors. This well-designed building features a versatile unit mix including two expansive 3-bedroom, 2-bath units, three 2-bedroom units, and one 1-bedroom unit, all thoughtfully renovated with modern finishes and functional layouts. Each unit is equipped with hardwood flooring, recessed LED lighting, contemporary kitchens with stainless steel appliances, granite countertops, and updated bathrooms with custom tile work. In-unit laundry and individual HVAC systems are included throughout, providing comfort and convenience for tenants. The building is fully electric with separately metered utilities, allowing for efficient management and reduced owner expenses. The first-floor units offer private, fenced rear yard spaces accessed via a side breezeway, creating a standout feature rarely found in comparable properties. Upper-floor units benefit from strong natural light and efficient layouts suited for a variety of tenant profiles. Additional improvements include a full sprinkler system, central fire alarm system, updated mechanical systems, and a covered front porch that enhances curb appeal and tenant experience. The property also benefits from a 10-year tax abatement with a phased step-up schedule, providing a significant financial advantage during the early years of ownership. Ideally situated with convenient access to Baltimore Avenue, public transportation, University City, major hospitals, and neighborhood retail, this turnkey asset is well-positioned for strong rental demand and long-term growth.

Property Features

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