1,457 Sqft Lot
1,457 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2654752
Year Built 1925
Annual Tax Amount $1,417
Tax Year 2024
Lot Size 1,457 Sqft
Acres 0.03
Lot Dimensions 16.00 x 94.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Cap: 5.78%
9 Units
Portfolio Overview
Opportunity to acquire a diversified portfolio consisting of multifamily, mixed-use, office, residential rental, and redevelopment assets located throughout West, Southwest, and North Philadelphia.
The portfolio offers a combination of stable in-place cash flow along with significant value-add opportunities through lease-up, renovations, redevelopment, and operational improvements.
Seller is willing to sell properties individually or as a portfolio.
5718 Chester Ave:
Asking Price
$425,000 (Loan 380k & 1 Vacant Unit)
Property Type
Mixed Use
Financial Summary
Current Monthly Income
Approximately $3,200
Current NOI
Approximately $14,736
Cap Rate
3.47%
Highlights
• Two apartments
• One commercial tenant
• One residential vacancy
• Excellent lease-up opportunity
Building Information
Commercial Lease
Expires
September 1, 2027
Utilities
Commercial
Electric & Gas
Residential
Gas heat
Roof
Approximately 2 years old
Mechanicals
Commercial Forced Air
Approximately 6 months old
Residential Furnaces
15+ years
Renovations
Recent upgrades include
• Plumbing
• Electrical
• Flooring
• Tile
• Cabinets
• Countertops
• Appliances
Condition
Commercial
Excellent
Residential
Good
Deferred Maintenance
• New residential furnace recommended
• New commercial condenser recommended
Known Issues: None
Location
State PA
County Philadelphia
Area 19143 (19143)
Zoning CMX2
Interior
Hot Water Electric
Heating Central
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871560300
Ownership Fee Simple
Special Listing Condition Standard
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