5237 Chester Avenue
Philadelphia, PA 19143
$649,000
Price
6
Beds
6
Baths
2,672 Sq. Ft.
$243 / Sq. Ft.
2,672
Sq. Ft.
$243
per Sq. Ft.
Description
CHESTER AVE LOFTS: It is my distinguished honor to present to you 5237 Chester Ave. Philadelphia, PA 19143. • Located in the Heart of Kingsessing, Southwest Philadelphia, adjacent to a transformative intersection, anchored by a Commercial Mixed Use Corridor and surrounded by residential properties and commercial spaces, Southwest Philadelphia has undergone a radical transformation and evolution in the last few decades. We are directly on a trolley line transportation hub that takes you to University...CHESTER AVE LOFTS: It is my distinguished honor to present to you 5237 Chester Ave. Philadelphia, PA 19143. • Located in the Heart of Kingsessing, Southwest Philadelphia, adjacent to a transformative intersection, anchored by a Commercial Mixed Use Corridor and surrounded by residential properties and commercial spaces, Southwest Philadelphia has undergone a radical transformation and evolution in the last few decades. We are directly on a trolley line transportation hub that takes you to University City and the major universities, including University of the Sciences of Philadelphia(USP), Drexel University, and the University of Pennsylvania, an Ivy League Institution, as well as to Center City substations. Across the street are 2 massive multi-unit development projects, as well as an institutional subdivision development. • See attached pro-forma which shows 11+ Capitalization rate, with potential $6000-$7000/monthly cash flow. Enter this 3 story 2,672 Square Ft Building with 6 units featuring 1 Bed|1 Bath apartments newly renovated ranging from $1000-$1200/month. All of the units are renovated with beautifully designed kitchen, equipped with granite countertops, modern appliances including a gas stove, microwave, refrigerator, and dishwasher. The kitchen features ceiling lighting, luxury vinyl flooring, and a garbage disposal. This apartment unit features floors and vinyl flooring, high ceilings, newly renovated throughout with new stainless steel appliances. The bathroom has been recently updated with a new vanity, mirror, shower, toilet, and new tile flooring. Each unit has electric baseboards, The property is filled with radiant natural light and illumination from beautiful windows. The property is close to bus stops and close to multi-modal public transportation, Walk to public transportation (Bus and Trolley), Kingsessing Recreation Center, shops, eateries, local market, and in proximity to businesses such as cafes, bars, eclectic and multicultural cuisine and food establishments. Come live in Kingsessing, where there are many things to do and people in a thriving community. We are filling up the building with tenants and can have the entire building occupied by the time of acquisition settlement. We have thoroughly screened and evaluated all potential applicants. To apply, we are running credit reports, criminal backgrounds, eviction history, and reviewing all income & financial documentation. If you are selected as a tenant, we will collect the first, last & security deposit(one month). There are no minimum score requirements. The entire financial and credit profile will be reviewed in its entirety to determine application viability. Pets are permissible on a case by case scenarios and there is no smoking allowed. In addition to this multi-unit, we are also listing a 3 unit, Commercial Mixed Use on 5129 Chester Ave. down the block. We look forward to doing business with you and we will ensure a smooth, efficient, and professional process for all parties. Thank you for the opportunity to showcase this home and we wish you the best of luck in your investment portfolio search.
- Listed by Minh Nguyen-Rivera • KW EmpowerP: (267)-628-8062 winwithminhphilly@gmail.com
Property Details for 5237 Chester Avenue
Tax ID Number
881707575
OwnershipFee Simple
Structure TypeTwin/Semi-Detached
StyleAirLite, Straight Thru
WaterfrontNo
GarageNo
MunicipalityPHILADELPHIA
Central AirNo
LISTING UPDATED: 11/23/2024 02:04 AM
Property Details for 5237 Chester Avenue
| Status | Active |
|---|---|
| MLS # | PAPH2422686 |
| Days on Market | 5 |
| Taxes | $1,515 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1900 |
| Lot Size | 0.05 AC / 2,000 SF |
| County | Philadelphia County |
Building Information for 5237 Chester Avenue
Stories-Residences1Year Built1900Building Size-Lot Size0.05 AC / 2,000 SF
Property Information for 5237 Chester Avenue
Location
Location
- School District Name: PHILADELPHIA CITY
- School District County ID: 803408593408
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19143 (19143)
Waterfront / Water Access
Waterfront / Water Access
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2024
- Tax Assessed Value: $108,300
- Year Assessed: 2024
- County Tax: $0
- Improvement Assessed Value: $75,810
- City Town Tax: $667
- Land Assessed Value: $32,490
- Clean Green Assessed: No
- Land Use Code: CA0
- Agricultural Tax Due: No
- Historic: No
- Zoning: RSA5
- Zoning Dscrp: Variance for 6 unit dwelling
- Tax Lot: 90
- School Tax: $848
- Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
- Owner Pays: Water
Unit Information
Unit Information
- Single Room Units Count: 0
- One Bedroom Units Count: 6
- Two Bedroom Units Count: 0
- Three Bedroom Units Count: 0
- Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
- Units Furnished: None
- Units Leased Count: 6
- Number Of Units Vacant: 6
- Rent Control: No
Multi Family
Unit 1
- Type: Unit 1
- Unit Type Occupied YN: No
- Beds Total: 1
- Full Baths Count: 1
- Unit Type Features: Currently Listed for Rent. We are in the process of obtaining tenants for the building.
- Total Rooms: 3
Unit 2
- Type: Unit 2
- Unit Type Occupied YN: No
- Beds Total: 1
- Full Baths Count: 1
- Total Rooms: 3
Unit 3
- Type: Unit 3
- Unit Type Occupied YN: No
- Beds Total: 1
- Full Baths Count: 1
- Unit Type Features: Currently Listed for Rent. We are in the process of obtaining tenants for the building.
- Total Rooms: 4
Unit 4
- Type: Unit 4
- Unit Type Occupied YN: No
- Beds Total: 1
- Full Baths Count: 1
- Unit Type Features: Currently Listed for Rent. We are in the process of obtaining tenants for the building.
- Total Rooms: 3
Unit 5
- Type: Unit 5
- Unit Type Occupied YN: No
- Beds Total: 1
- Full Baths Count: 1
- Unit Type Features: Currently Listed for Rent. We are in the process of obtaining tenants for the building.
- Total Rooms: 3
Unit 6
- Type: Unit 6
- Unit Type Occupied YN: No
- Beds Total: 1
- Full Baths Count: 1
- Unit Type Features: Currently Listed for Rent. We are in the process of obtaining tenants for the building.
- Total Rooms: 3
Financial Information
Expenses
- Operating Expense Includes: Trash, Insurance
- Insurance Expense: $2,500
Financial Information
- Annual Rental Income: $80,000
- Income Includes: Apartment Rentals, Laundry
- Cap Rate: 11.00
- Existing Lease Type: Yearly
Building Info
Building Info
- Year Major Reno Remodel: 2022
- Building Units Total: 1
- Total Finished SQFT: 2,672.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 2,672.00
- Total SQFT: 2,672.00
- Total SQFT Source: Assessor
- Construction Materials: Masonry
- Flooring Type: Luxury Vinyl Plank
- Basement Type: Unfinished
- Foundation Details: Concrete Perimeter
Lot / Land Information
Lot / Land Information
- Lot Size Source: Assessor
- Lot Size Dimensions: 20.00 x 100.00
- Lot Dimensions Source: Assessor
- Lot Features: Rear Yard, SideYard(s)
- Parcel ID: 1412252
Parking
Parking
- Type Of Parking: On Street
Interior Features
Interior Features
- Fireplace: No
- Appliances: Dishwasher, Dryer - Electric, Dryer, Oven/Range - Gas, Washer, Water Heater
- Accessibility Features: None
Exterior Features
Exterior Features
- Spa: No
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
Utilities
Utilities
- Heating: Yes
- Cooling Type: Window Unit(s)
- Cooling Fuel: Other
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Hot Water: Electric
- Water Source: Public
- Sewer Septic: Public Sewer
- Electric Service: 100 Amp Service
Confidential Data
Listing Office
- List Agent AOR: Greater Philadelphia Association of REALTORS
Property History for 5237 Chester Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5237 Chester Avenue
Taxable ValueLand$32,490Additions$75,810Total$108,300
Tax Record2023$1,516 ($126 / month)
Home Facts
Total Finished SqFt2,672 SqFtAbove Grade Finished SqFt2,672 SqFtStories3Lot Size2,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningRSA5CountyPHILADELPHIAAPN88-1-7075-75
Schools near 5237 Chester Avenue
This home is within The School District of Philadelphia.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Comegys Benjamin B School PublicK to 8 | ||
Bartram John - Main Public9 to 12 | ||
The Workshop School Public9 to 12 | ||
Motivation High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of KW Empower
Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.