5627 Chester Ave, Philadelphia, PA 19143

Property Description

Part of a Portfolio - $2,823,000 ($166,058.82/Unit) Cap: 5.78% 9 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. 5627 Chester Ave: Property Type Mixed Use / Office (all suites vacant) Financial Summary Current Monthly Income Approximately $2,100 Annual NOI Approximately $14,573 Cap Rate 3.79% Highlights • One apartment • Five office suites • Significant lease-up opportunity • Multiple income streams Building Information Current Office Occupancy Vacant Utilities Residential Tenant Office Owner Heating/Cooling Central Air Central Heat Roof Approximately 4 years old Mechanicals Approximately 4 years old Renovations Complete gut renovation Condition Office Suites Excellent Apartment Excellent Deferred Maintenance Repair ceiling damage from previous tenant water overflow. Parking None