5718 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. 5718 Chester Ave: Asking Price $425,000 (Loan 380k & 1 Vacant Unit) Property Type Mixed Use Financial Summary Current Monthly Income Approximately $3,200 Current NOI Approximately $14,736 Cap Rate 3.47% Highlights • Two apartments • One commercial tenant • One residential vacancy • Excellent lease-up opportunity Building Information Commercial Lease Expires September 1, 2027 Utilities Commercial Electric & Gas Residential Gas heat Roof Approximately 2 years old Mechanicals Commercial Forced Air Approximately 6 months old Residential Furnaces 15+ years Renovations Recent upgrades include • Plumbing • Electrical • Flooring • Tile • Cabinets • Countertops • Appliances Condition Commercial Excellent Residential Good Deferred Maintenance • New residential furnace recommended • New commercial condenser recommended Known Issues: None