Listed by Compass Pennsylvania
$3,950,000
1805 Chestnut St
Details
APN 871004650
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,000
Units 5
Cap Rate 5.10%
NOI $201,930
Price per SqFt $790
Year Built 1900
Year Renovated 2024
Acreage 0.050
Zoning CMX5
Multifamily | 5.10% CAP | 5 Units
Marketing description
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. 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
Investment highlights
- Parking Type-No Parking
Listing Contacts
Listed by Compass Pennsylvania
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$201,930.00
$16,827.50/mo
Valuation Metrics
0
DSCR
5.11%
Cap Rate
5.11%
ROI
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