4802 Chester Ave - Apartments FOR SALE


Philadelphia, PA 19143- Cedar Park
$639,000 USD
215-510-8051
4802 Chester Ave, Philadelphia, PA for Sale
$639,000 USD
Apartments - FOR SALE
1/23
null | 7.2% Cap Rate

4802 Chester Ave
Philadelphia, PA 19143
Cedar Park


OVERVIEW

Investor Alert! 5 unit building in University City, in the Squirrel Hill section, with active rental license/zoning. All separate utilities except hot/cold water. Many renovations, including 4 newer kitchens with appliances and 5 newer baths, 3/8" vinyl flooring in units and some new plumbing and electric, all redone in 2022. Two heat forced air furnaces and all electric baseboard heat replaced in 2024/2025. All units have A/C with either C/A or mini-splits and one window unit. Laundry in basement. Three 1BR/1BA, one 1 BR/1BA w/office and one studio. Building is currently fully leased with a total current annual revenue of $64,200.00. Units currrently rented below market value due mostly to some winter leases, providing future upside. Great value-add potential opportunity with garage parking and potential space for paid parking in rear. Garage marketed as-is. Convenient to Penn, Drexel and University of the Sciences. # 13 trolley stops in front of the building and a commuter train 1 block away.

FOR SALE DETAILS

PRICE

$639,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

5

PRICE/UNIT

$127,800

CAP RATE

7.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R5A

APN/PARCEL ID

881707200

ASK ABOUT THIS PROPERTY

Ben ShaferElfant Wissahickon Realtors, Inc.More Info
215-510-8051

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Ben ShaferElfant Wissahickon Realtors, Inc.More Info
215-510-8051

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