Philadelphia, PA 19134 2317 E Westmoreland Street

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Presented By: Red Door Real Estate
  • MLS# PAPH2487798
  • 05/28/2025
  • Request Tour
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  • SQFT • 3,948

Home Details

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 8.0% Cap Rate High-yield, income-producing asset Tax Abatement 3 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 investors a rare opportunity to acquire a stabilized, low-maintenance asset in a rapidly growing area. Perfect for 1031 exchange buyers and portfolio investors! Location Perks: Close to public transportation, restaurants, big-box 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 $80,100 and is separately metered for electric. This property has a lot to offer with streamlined rental payments, secured waste management, and maintenance services. Don't miss out on this income-generating gem! Serious inquiries only. Prior to confirming ALL showings, Buyers must provide Pre-approval, POF or Bank Statement(s). Once received and verified, Broker will confirm.
Presented By: Red Door Real Estate

Interior Features for 2317 E Westmoreland Street

Bathrooms

Total Restrooms3

Other Interior Features

Central Air Y/NYes
FlooringCeramic Tile, Laminate Plank
Heating FuelElectric
Heating Y/NYes
Hot WaterInstant Hot Water, Tankless, Electric
Total Stories2

Other Rooms

Entry Level1

General for 2317 E Westmoreland Street

Acceptable FinancingCash, Conventional, Negotiable, Private, Other
AccessibilityDoors - Swing In
Avg. Electric Per Month133.0
Business TypeApartment Building, Medical
Cap Rate8.00
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsTraveling Northbound on I-95, exit Allegheny, turn right onto Richmond St, turn left onto Westmoreland St, arrive at 2317 E Westmoreland Street.
DisclosuresAgent has Financial Interest, Owner RE Licensee
Electric200+ Amp Service
Energy EfficientLighting
HeatingCentral
Lease Considered Y/NNo
Lot Size Square Feet2100.00
Lot Size UnitsSquare Feet
MLS Area19134 (19134)
ModificationTimestamp2025-06-02T12:08:02
MunicipalityPHILADELPHIA
Net Operating Income67512.97
New ConstructionNo
Number Of Units Total4
OwnerPaysCommon Area Maintenance, Sewer, Snow Removal, Water
OwnershipFee Simple
PossessionImmediate, Negotiable
Possible UseApartment Building, Apartments, Church, Commercial, Day Care, Institutional, Investment, Medical/Dental, Mixed Use, Multi-Family, Office, Professional Service, Retail, Senior Assisted/Day Care
Price Per Sq Ft Total AG212.26
Property ConditionExcellent
Property SubtypeMixed Use
Property TypeCommercial Sale
Property UseInvestment
RoofFlat, Rubber
Security FeaturesExterior Cameras, Main Entrance Lock, Smoke Detector, Sprinkler System - Indoor, Window Grills
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount7133.0
Tax Assessed Value509600.0
Tax Lot210
Tax Year2024
Total Actual Rent80100.00
UtilitiesElectric Available, Sewer Available, Water Available
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1920
Year Built SourceEstimated
ZoningICMX

Exterior for 2317 E Westmoreland Street

Building Area Total3948.00
Car Parking Spaces
Foundation DetailsSlab
Inclusionstransferrable roof warranty, fire alarm monitoring
Land Assessed Value130000.00
Land Use CodeY30
Lot Dimensions50.00 x 42.00
Lot Size Acres0.05
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
WaterfrontY/NNo

Additional Details

Price History

Aleksandar Tomic

Real Estate Professional
Price $838,000
MLS#PAPH2487798
List Date 05/28/2025
Property Type Commercial
Phone 571.207.5186
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