1127 Ward St - Apartments FOR SALE
Chester, PA 19013 |
1127 Ward St
Chester, PA 19013
HIGHLIGHTS
- 216-Unit Value-Add Opportunity: Garden-style community with all two-bedroom, one-bath units spread across 54 buildings.
- Significant Upside Via Renovation & Lease-Up: Currently ±71% occupied with 54 down units; in-place rents average $903/month vs. market average of $1,3
- Low Basis of $55K/Unit: Offered well below replacement cost with a price per unit significantly under comps in the area.
- Desirable Unit Features: All units have private entrances and semi-private driveway parking, enhancing tenant appeal and operational efficiency.
- Strategic Location Near I-95 Halfway Between Philadelphia and Wilmington: Just 15 minutes from Philadelphia International Airport, Widener University,
- Strong Local Demographics: ±185,090 residents within a 5-mile radius and a median household income of $78,440 support long-term renter demand.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
REO Sale | Hillside Manor Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
172800
STORIES
2
YEAR BUILT
1954
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
49-11-02123-90
