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4725 Chester Ave
Philadelphia, PA 19143
Chester Avenue Apartments · Multifamily Property For Sale
·
40 Units
INVESTMENT HIGHLIGHTS
- VALUE-ADD APARTMENT BUILDING
- ADJACENT TO UPENN
- CLASSIC REDBRICK MULTIFAMILY
- UCITY "EDS & MEDS" ANCHOR LOCATION
- COMMANDING CORNER PRESENCE
EXECUTIVE SUMMARY
Introducing "Chester Avenue Apartments" in Philadelphia, Pennsylvania — a boutique, redbrick value-add apartment building in the lovely Cedar Park section of West Philly. Adjacent to The University of Pennsylvania (IVY LEAGUE), this 40-unit investment property commands a dominant presence on the NE corner of 48th and Chester with its handsome facade and classic architecture. With fourteen (14) studios and twenty-six (26) one bedroom units, 4725 Chester presents an extraordinary opportunity to acquire prime multifamily real estate in a Top-10 USA MSA with exceptional demographics and surrounds. Philly's leading employers, healthcare and innovation campuses and universities power this "Eds and Meds" district — insulating the community with accessibility, jobs, amenities and safety. Generational acquisition opportunity. Substantial CAPEX performed by Ownership in recent years (new boiler, roof, common areas) and future opportunity to capture additional income via renovated units, utility reimbursements, and more. Enquire within for financials.
PROPERTY FACTS
| Price Per Unit | $209,388 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.90% | Building Size | 20,620 SF |
| No. Units | 40 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1925 |
| Apartment Style | Mid-Rise | ||
| Zoning | RSA3 | ||
| Price Per Unit | $209,388 CAD |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 20,620 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1925 |
| Zoning | RSA3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 14 | - | - |
| 1+1 | 26 | - | - |
PROPERTY TAXES
| Parcel Number | 881143945 | Improvements Assessment | $4,246,726 CAD |
| Land Assessment | $1,820,025 CAD | Total Assessment | $6,066,751 CAD |
PROPERTY TAXES
Parcel Number
881143945
Land Assessment
$1,820,025 CAD
Improvements Assessment
$4,246,726 CAD
Total Assessment
$6,066,751 CAD
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