About 2940 Devereaux Ave
This 4-unit multifamily property located at 2940 Devereaux Street in Philadelphia offers strong cash flow and value-add potential. Three of the four units have been rehabbed and modernized, while the fourth has a long-term tenant on a month-to-month lease, providing steady income and upside potential. The building features a stucco exterior and is well maintained, located near shopping, public transportation, and schools. ________________________________________ Investment Highlights • Three units have been rehabbed and modernized, while the fourth has a long-term tenant on a month-to-month lease providing stable income and future upside potential. • Seller will consider up to $200,000 of seller financing. • Strong current cash flow with rent growth potential • Stucco exterior and well-maintained structure • Tenants contribute to water and utilities • Located near shopping, public transportation, and schools • Excellent long-term hold or 1031 exchange opportunity Inquire for the investor summary sheet.
Features of 2940 Devereaux Ave
| MLS® # | PAPH2553998 |
|---|---|
| Price | $550,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,800 |
| Acres | 0.14 |
| Year Built | 1970 |
| Type | Multi-Family |
| Sub-Type | Quadruplex,Detached |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 2940 Devereaux Ave |
|---|---|
| Area | 19149 |
| City | PHILADELPHIA |
| County | PHILADELPHIA-PA |
| State | PA |
| Municipality | PHILADELPHIA |
| Zip Code | 19149 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Programmable Thermostat |
|---|---|
| Cooling | Central A/C |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Other |
Exterior
| Exterior | Masonry |
|---|---|
| Construction | Masonry |
| Foundation | Concrete Perimeter |
School Information
| District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Additional Information
| Zoning | RSA5 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |