4802 Chester Ave, Philadelphia, PA 19143

Property Description

Investor Alert! 5 unit building in University City, in the Squirrel Hill section. Can be purchased individually or in a package with 4715 Springfield Ave., MLS # PAPH2546726. All separate utilities except hot/cold water. Many renovations, including 4 newer kitchens with granite, stainless steel appliances and 5 newer baths, 3/8" vinyl flooring in units and some new plumbing and electric, all redone in 2022. One heat forced air furnace and all electric baseboard heat replaced in 2024-2025. All units have A/C with either C/A or minisplits and one window unit. Laundry in basement. Three 1BR/1BA, one 1BR/1BA w/office and one studio. Building is currently leased with a total current annual revenue of $64,980.00. Units currently rented below market value due to some winter leases, providing future upside. Great value-add opportunity with garage parking and potential room for paid parking in rear. Garage marketed as-is. Convenient to Penn, Drexel and University of the Sciences. # 13 trolley stops in front of building and a commuter train is one block away.