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Elfant Wissahickon Realtors Logo New Active Commercial Sale Multifamily

4802 Chester Avenue, Philadelphia, Pennsylvania, 19143, USA

USD $639,000
Reference ID:PAPH2525994 Web ID:99e59
  • 5 unit building in University City's Squirrel Hill

  • Three 1BR/1BA units, one 1BR with office, one studio

  • Active rental license and separate utilities except water

  • Two forced air furnaces and all electric baseboard heat

  • Garage parking with potential for paid parking rear

Investor Alert! 5 unit building in University City, in the Squirrel Hill section, with active rental license/zoning. 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. Two heat forced air furnaces 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 fully leased with a total current annual revenue of $64,260.00. 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.
  • Transaction Type:Commercial Sale
  • Property Type:Multifamily
  • Status:Active
  • Year Built:1900
  • Lot Size:0.11 Acres
  • Cooling:Central Air, Ductless
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4802 Chester Ave

(0.5 miles away)
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4802 Chester Ave

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4802 Chester Ave

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Property Highlights

  • 5 unit building in University City's Squirrel Hill

  • Three 1BR/1BA units, one 1BR with office, one studio

  • Active rental license and separate utilities except water

  • Two forced air furnaces and all electric baseboard heat

  • Garage parking with potential for paid parking rear