Property

Philadelphia, PA 19143 5237 Chester Avenue

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Presented By: KW Empower
  • MLS# PAPH2422686
  • 11/23/2024
  • Request Tour
  • Request Info
  • Beds • 6

Home Details

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.
Presented By: KW Empower

Interior Features for 5237 Chester Avenue

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
BasementUnfinished
Basement (Y/N)Yes
Central Air Y/NNo
Fireplace Y/NNo
FlooringLuxury Vinyl Plank
Furnished UnitsNone
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 5237 Chester Avenue

Acceptable FinancingCash, Conventional, Bank Portfolio, Private, Variable, Other
AccessibilityNone
AppliancesDishwasher, Dryer - Electric, Dryer, Oven/Range - Gas, Washer, Water Heater
Architectural StyleAirLite, Straight Thru
Cap Rate11.00
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelOther
CoolingWindow Unit(s)
CountyPHILADELPHIA
Directions5237 Chester Ave.
Electric100 Amp Service
FULLFee Simple
Garage Y/NNo
HeatingBaseboard - Electric
Historic Y/NNo
Home Warranty Y/NNo
Insurance Expense2500.00
Lease TypeYearly
Lot Size Square Feet2000.00
Lot Size UnitsSquare Feet
MLS Area19143 (19143)
ModificationTimestamp2024-11-23T02:04:07
MunicipalityPHILADELPHIA
New ConstructionNo
Number of Units Leased6
NumberOfUnitsTotal1
NumberOfUnitsVacant6
One Bedroom Units Count6
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 5, Unit 3, Unit 6
OwnerPaysWater
PossessionImmediate
Price Per Sq Ft Total AG242.89
Property ConditionExcellent
Property SubtypeOther
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeTwin/Semi-Detached
Tax Annual Amount1515.0
Tax Assessed Value108300.0
Tax Lot90
Tax Year2024
Total Actual Rent80000.00
Total SQFT2672
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1900
Year Built SourceAssessor
ZoningRSA5
Zoning DescriptionVariance for 6 unit dwelling

Exterior for 5237 Chester Avenue

Foundation DetailsConcrete Perimeter
Land Assessed Value32490.00
Land Use CodeCA0
Lot Dimensions20.00 x 100.00
Lot FeaturesRear Yard, SideYard(s)
Lot Size Acres0.05
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
SpaNo
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Fabiane Farias

Associate
Price $649,000
MLS#PAPH2422686
List Date 11/23/2024
Property Type Multi-Family
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