1805 Chestnut St - Apartments FOR SALE


Philadelphia, PA 19103- Center City West
$3,750,000 USD
516-633-6106
1805 Chestnut St, Philadelphia, PA for Sale
$3,750,000 USD
Apartments - FOR SALE
1/25
null | 5.38% Cap Rate

1805 Chestnut St
Philadelphia, PA 19103
Center City West


OVERVIEW

Investment opportunity with excellent passive income that has been tastefully renovated and well maintained. A multi-unit building in prime Rittenhouse Square, Philadelphia zoned CMX5 on a highly trafficked and desirable block. Fully occupied with 4 apartments and one flagship retail tenant who has approximately nine years remaining on a recently extended lease. Total Operating Revenue Annually:$251,032 Total Operating Expenses Annually: $49,103 Total NET OPERATING INCOME: $201,930

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$750 USD /SF

# OF UNITS

5

PRICE/UNIT

$750,000

CAP RATE

5.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1805 Chestnut

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

CMX5

APN/PARCEL ID

871004650

ASK ABOUT THIS PROPERTY

Brett CaspiCOMPASSMore Info
516-633-6106

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Brett CaspiCOMPASSMore Info
516-633-6106

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.