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Listed by Christopher Yangello • Capital Commercial Real Estate Group
$ 425,000
Est. payment | /mo
1,457 Sqft Lot
$ 425,000
Est. payment | /mo
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
Part of a Portfolio - $2,823,000 ($166,058.82/Unit)
Cap: 5.78%
7 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
Cap: 5.78%
7 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
Nearby Locations
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