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1805 Chestnut St
Philadelphia, PA 19103
1805 Chestnut · Multifamily Property For Sale
·
5 Units
EXECUTIVE SUMMARY
Investment opportunity with excellent passive income that has been tastefully renovated and well maintained. A multi-unit building in prime Rittenhouse Square, Philadelphia zoned CMX5 on a highly trafficked and desirable block. Fully occupied with 4 apartments and one flagship retail tenant who has approximately nine years remaining on a recently extended lease.
Total Operating Revenue Annually:$251,032
Total Operating Expenses Annually: $49,103
Total NET OPERATING INCOME: $201,930
Total Operating Revenue Annually:$251,032
Total Operating Expenses Annually: $49,103
Total NET OPERATING INCOME: $201,930
PROPERTY FACTS
| Price Per Unit | $1,093,684 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.11% | Building Size | 5,000 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1900 |
| Apartment Style | Mid-Rise | ||
| Zoning | CMX5 - Commercial Mixed Use allows for neighborhood-serving retail and service uses, as well as residential uses above the ground floor | ||
| Price Per Unit | $1,093,684 CAD |
| Sale Type | Investment |
| Cap Rate | 5.11% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1900 |
| Zoning | CMX5 - Commercial Mixed Use allows for neighborhood-serving retail and service uses, as well as residential uses above the ground floor |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 645 |
| 2+2 | 1 | - | 1,300 |
PROPERTY TAXES
| Parcel Number | 871004650 | Improvements Assessment | $1,495,495 CAD |
| Land Assessment | $373,874 CAD | Total Assessment | $1,869,369 CAD |
PROPERTY TAXES
Parcel Number
871004650
Land Assessment
$373,874 CAD
Improvements Assessment
$1,495,495 CAD
Total Assessment
$1,869,369 CAD
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