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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Listed by Sokhoung Choing • Red Door Real Estate
$838,000
Est. payment /mo
3,948 SqFt
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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,948 sqft

Price per Sqft $212

MLS Listing ID PAPH2487798

Year Built 1920

Annual Tax Amount $7,133

Tax Year 2024

Lot Size 2,100 Sqft

Acres 0.05

Lot Dimensions 50.00 x 42.00

Property Sub-Type Mixed Use

Source 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 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.

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

Exterior

Utilities Available Electric Available, Sewer Available, Water Available

Water Access N

Roof Type Flat,Rubber

Accessibility Doors - Swing In

Garage N

Building

Foundation Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871586000

Ownership Fee Simple

SqFt Source Estimated

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

Acceptable Financing Cash, Conventional, Negotiable, Private, Other

Listing Terms Cash, Conventional, Negotiable, Private, Other

Financing Cash,Conventional,Negotiable,Private,Other

Special Listing Condition Standard


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agent

Eric Girolamo

+1(610) 781-2202

REALTOR® | License ID: RS315876

REALTOR® License ID: RS315876

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