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21283006
21283004

4725 Chester Ave, Philadelphia, PA 19143

AP
PA Pennsylvania RS316262, NJ NJ 2190813
The Oceanside Realty Team
Listed by The Oceanside Realty Team
$5,999,999
503 days on market
Updated 30 days ago

Chester Avenue Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 20,640
Units 40
Cap Rate 6.90%
Occupancy 100%
Price per SqFt $291
Class B
Year Built 1925
Buildings 1
Stories 4
Zoning RSA3

Multifamily | 40 Units | $150,000/unit

Marketing description

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.

Investment highlights

  • ACCESS TO POWERHOUSE “EDS AND MEDS” ECONOMY

  • ADJACENT TO UPENN (IVY LEAGUE)

  • 100% LEASED APARTMENT BUILDING

  • COMMANDING CORNER PRESENCE

  • CLASSIC PHILLY REDBRICK MULTIFAMILY ARCHITECTURE

  • GENERATIONAL ACQUISITION OPPORTUNITY

Listing Contacts

AP
PA Pennsylvania RS316262, NJ NJ 2190813
The Oceanside Realty Team
Listed by The Oceanside Realty Team

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Additional Information

Name
Agent PHL
License
Pennsylvania RS316262
Brokerage Phone
6106061095
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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