304 E 9th St - Apartments FOR SALE


Chester, PA 19013- Larkintown
$700,000 USD
610-291-9895
304 E 9th St, Chester, PA for Sale
$700,000 USD
Apartments - FOR SALE
1/16
null | 6.57% Cap Rate

304 E 9th St
Chester, PA 19013
Larkintown


HIGHLIGHTS

  • Fully Occupied 7 Unit Multifamily with Value-Add Upside
  • Mix of Market Rents and Section 8
  • Newly renovated building minimizes upfront capital expenditures

OVERVIEW

304 East 9th Street is a fully occupied, 7-unit multifamily property in Chester, Pennsylvania. This income-producing property consists of six (6) one-bedroom/one-bath units and one (1) studio unit. The entire building was fully gut-renovated in 2014 with new electrical, plumbing, HVAC, and major capital improvements, and there have been many additional updates since 2021. The property features four off-street parking spaces along with abundant non-metered street parking. The property also offers embedded rental upside: increasing in-place rents to the proforma levels reflected in the rent roll would raise gross potential rent from $72,840 to $78,000 annually, increasing NOI and overall return.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

7

PRICE/UNIT

$100,000

CAP RATE

6.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

-

APN/PARCEL ID

49-04-00264-00

ASK ABOUT THIS PROPERTY

Brady CarrollVRA RealtyMore Info
610-291-9895

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Brady CarrollVRA RealtyMore Info
610-291-9895

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