7724 Cedarbrook Avenue, Philadelphia, PA 19150-1402 $199,900
Interior Sq. Ft: 1,692
Acreage: 0.03
Age:74 years
Style:
AirLite
Subdivision: Cedarbrook
Design/Type:
Interior Row/Townhouse
Description
Investor's Dream: Tenant-Occupied Home in Cedarbrook, Mt. Airy – Prime Location and Strong Cap Rate of 9.7% at the current rental rate! Welcome to 7724 Cedarbrook Ave, a fantastic investment opportunity in the sought-after Cedarbrook section of Mt. Airy. This charming 3-bedroom, 1-bathroom home is perfectly situated on a picturesque tree-lined street, making it an attractive option for both current and future tenants. The property is already Tenant-Occupied, the new owner will benefit from immediate cash flow with reliable tenants already in place, ensuring a consistent rent roll. The property brings in Strong Rental Income, as it has a proven track record of generating solid returns, making it an excellent addition to any investment portfolio. Featuring three well-sized bedrooms and a full bathroom, this home offers ample living space, enhanced by additional usable space in the basement. To top if off, there is private parking and a garage, as your tenant will enjoy the added convenience of a garage, a sought-after feature in urban living that can attract higher-quality tenants. Mt Airy is a prime location and Cedarbrook is known for its friendly community atmosphere, scenic surroundings, and easy access to local parks, schools, and shopping, boosting tenant appeal. With the rising demand for rental properties in this area, there’s significant opportunity for future rent increases and appreciation in value. This property is more than just a house; it's a solid investment with a stable return. Don’t miss the chance to own a piece of Cedarbrook's charm while securing your financial future. Schedule your showing today and explore the possibilities at 7724 Cedarbrook Ave!
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Radiator Heating, Natural Gas, Ceiling Fan(s), Window Unit(s) Cooling, Electric, Hot Water - Natural Gas, Public Water, Public Sewer, Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Garage/Parking
Attached Garage, Driveway, Basement Garage, Attached Garage Spaces #: 1;
Interior
Ceiling Fan(s), Crown Moldings, Dining Area, Floor Plan - Traditional, Formal/Separate Dining Room, Outside Entrance Basement, Partially Finished Basement, Poured Concrete , Rear Entrance Basement, Basement - Space For Rooms, Walkout Level Basement, Ceramic Tile Flooring, Partially Carpeted Flooring, Dry Wall
Exterior
Permanent Foundation, Slab Foundation, Rubber Roof, Slate Roof, Masonry, Patio(s), Exterior Lighting, Flood Lights, Play Area, Sidewalks, Awning(s), Gutter System
Lot
Front Yard, Rear Yard, Suburban, Garden/Lawn View, Street View
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
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Public Elementary (76 schools)
Public Middle (16 schools)
Public High (30 schools)
Private (89 schools)
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This report is a detailed community overview for Philadelphia (19150), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 38
- Average salary of people in this community: $38,462
Community Summary
- Population Density (ppl / mile): 14,791
- Household Size (ppl): 2.27
- Households w/ Children: 38%
Housing Inventory
- Owned: 7,152 (66.6%)
- Rented: 2,682 (25.0%)
- Vacant: 912 (8.5%)
- Total: 10,746
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.6%
- Some High School: 5.2%
- High School Graduate: 34.9%
- Some College: 24.0%
- Associate Degree: 9.1%
- Bachelor's Degree: 15.7%
- Graduate Degree: 9.5%
Income by dollar range
Median Income: $47,968
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $918
- One Bedroom: $918
- Two Bedroom: $1,094
- Three Bedroom: $1,246
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Contact Information
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Listing Courtesy of: CG Realty, LLC , (610) 566-5182
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 11/14/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.