4706 CEDAR AVE Philadelphia, PA 19143

Spacious 3 story turnkey operation in the heart of the University City. Beautiful street with large magnificent Trees. Large Front porch, decking recently painted. Cedar Ave Repaved brand new in October 2014 on this block. Great rental history, occupied with very nice tenants. The listed price is 60,000 dollars under the county assessed value. This is a great investment in a fantastic neighborhood. 1st, 2nd,and 3rd floor leases are through August 31st, 2015. Buyer must accept leases as is with no early termination. Lots of storage space in the attic with walk up access from the 3rd floor hallway. Roof access from the attic. Separate Electric for each unit and separate gas meters for Hot water heaters and gas cooking. Landlord pays whole house gas heat, 3,389 dollars in 2013. Landlord pays whole house water. Extensive professional roof repairs were made in 2013. Tenants will vouch there are no leaks since repairs were complete. Very large basement with high ceilings. Basement gets damp in heavy rain and is bone dry several days later. Tenants use it appropriately for storage. Modern high-efficiency furnace serviced regularly operates without a chimney. The small amount of waste gas and heat are mechanically ventilated through PVC pipes vented through the side to the alley. Tenants are very comfortable in the winter. Seller has No mortgage, clean title, can settle fast! Sellers prefer buyers inspect prior to offer with professionals, will consider 5 day inspection contingency with reasonable offer. Sellers are motivated to sell, but very happy with income and tenants. If kitchens and baths updated, could yield significantly higher rents. Check your comps. sold as is, priced to sell.