Description
Chester ave lofts: it is my distinguished honor to present to you 5237 chester ave. philadelphia, pa 19143. • located in the heart of kingsessing, southwest philadelphia, adjacent to a transformative intersection, anchored by a commercial mixed use corridor and surrounded by residential properties and commercial spaces, southwest philadelphia has undergone a radical transformation and evolution in the last few decades. we are directly on a trolley line transportation hub that takes you to university city and the major universities, including university of the sciences of philadelphia(usp), drexel university, and the university of pennsylvania, an ivy league institution, as well as to center city substations. across the street are 2 massive multi-unit development projects, as well as an institutional subdivision development. • see attached pro-forma which shows 11+ capitalization rate, with potential $6000-$7000/monthly cash flow. enter this 3 story 2,672 square ft building with 6 units featuring 1 bed|1 bath apartments newly renovated ranging from $1000-$1200/month. all of the units are renovated with beautifully designed kitchen, equipped with granite countertops, modern appliances including a gas stove, microwave, refrigerator, and dishwasher. the kitchen features ceiling lighting, luxury vinyl flooring, and a garbage disposal. this apartment unit features floors and vinyl flooring, high ceilings, newly renovated throughout with new stainless steel appliances. the bathroom has been recently updated with a new vanity, mirror, shower, toilet, and new tile flooring. each unit has electric baseboards, the property is filled with radiant natural light and illumination from beautiful windows. the property is close to bus stops and close to multi-modal public transportation, walk to public transportation (bus and trolley), kingsessing recreation center, shops, eateries, local market, and in proximity to businesses such as cafes, bars, eclectic and multicultural cuisine and food establishments. come live in kingsessing, where there are many things to do and people in a thriving community. we are filling up the building with tenants and can have the entire building occupied by the time of acquisition settlement. we have thoroughly screened and evaluated all potential applicants. to apply, we are running credit reports, criminal backgrounds, eviction history, and reviewing all income & financial documentation. if you are selected as a tenant, we will collect the first, last & security deposit(one month). there are no minimum score requirements. the entire financial and credit profile will be reviewed in its entirety to determine application viability. pets are permissible on a case by case scenarios and there is no smoking allowed. in addition to this multi-unit, we are also listing a 3 unit, commercial mixed use on 5129 chester ave. down the block. we look forward to doing business with you and we will ensure a smooth, efficient, and professional process for all parties. thank you for the opportunity to showcase this home and we wish you the best of luck in your investment portfolio search.
Property Type
Multi-FamilyCounty
PHILADELPHIAStyle
AirLite,Straight ThruAD ID
47771394
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Property Details
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Interior Features
Water/Sewer
- Water Source : Public
Interior Features
- Basement Description: Unfinished
- Property Appliances: Dishwasher,Dryer - Electric,Dryer,Oven/Range - Gas,Washer,Water Heater
Heating & Cooling
- Cooling: Window Unit(s)
- Heating: Baseboard - Electric
- Cooling Fuel: Other
- Heating Fuel: Electric
-
Exterior Features
Building Information
- Year Built: 1900
- Structure: Twin/Semi-Detached
- Major Appliances: Dishwasher,Dryer - Electric,Dryer,Oven/Range - Gas,Washer,Water Heater
- New Construction: No
- Total Units: 1
- Built: 1900
- Construction Material: Masonry
- Foundation/Basement: Concrete Perimeter
- Architecture: AirLite,Straight Thru
- Pool/Private: No Pool
Pool Information
- Pool: No Pool
Utility Features
- Sewer: Public Sewer
Water
- Water Heat: Electric
-
Property / Lot Details
Lot Information
- Lot Size: 2,000
- Dimensions: 20.00 x 100.00
- Lot Size (Acres): 0.05
- Architectural Style: AirLite,Straight Thru
- Main Square Feet: 2,000
Property Information
- SQ ft: 2,672
- SQ ft (Living Area): 2,672
- Total Lot SQ ft: 2,000
- Financing: Cash,Conventional,Bank Portfolio,Private,Variable,Other
- Appx. Lot Dimensions: 20.00 x 100.00
- Total Acreage: 0.05
- New Construction: No
- Type: AirLite,Straight Thru
-
Listing Information
Listing Information
- Possession: Immediate
- Days Of Market: 1
-
Taxes / Assessments
Tax Information
- Annual Tax: $1,515
- Tax Year: 2024
- Total Taxes Payment Frequency: Annually
Possession
- Immediate
Assessment Information
- Taxes Assessment Amount: $108,300
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking Type: On Street
Multi-Unit Information
- Acceptable Financing: Cash,Conventional,Bank Portfolio,Private,Variable,Other
Homeowners Association Information
- Direction: 5237 Chester Ave.
-
School, Utilities & Location Details
School Information
- School District: PHILADELPHIA CITY
Utility Information
- Water Source: Public
- Sewer: Public Sewer
- Cooling Fuel: Other
- Heating Fuel: Electric
- Hot Water: Electric
Location Information
- Direction: 5237 Chester Ave.
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BuyOwner last updated this listing 11/25/2024 @ 07:28
- MLS: PAPH2422686
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Other, with 0 bedrooms which is for sale, it has 2,672 sqft, 2,000 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of PHILADELPHIA , in zip code 19143, this PHILADELPHIA County Other are nearby neighborhoods.