4802 CHESTER AVE Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19143
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,775 sqft
Price per Sqft $251
MLS Listing ID PAPH2466624
Year Built 1900
Annual Tax Amount $6,664
Tax Year 2024
Lot Size 4,725 Sqft
Property Sub-Type Five Or More Units
Property Description
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 2024/25. All units have A/C with either C/A or mini-splits and one window unit. Laundry in basement.
Three 1BR/1BA, one 1BR/1BA w/office and one studio. Building is currrently fully leased with a total current annual revenue of $64,260.00 Third floor tenant to move in 5/10/25.
Units currently rented below market valule due to mostly winter leases, providing future upside. Great value-add opportunity with garage parking and potential room for paid parking in rear. Garage marketed as-is.
Convenient to Penn, Drexel and Univerity of the Sciences. # 13 trolley stops in front of building and a commuter train is one block away.
Location
State PA
County Philadelphia
Area 19143 (19143)
Zoning RTA1
Interior
Hot Water Natural Gas
Heating Forced Air,Baseboard - Electric
Cooling Central A/C,Ductless/Mini-Split
Exterior
Garage Spaces 3.0
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard