4517 chester avenue, philadelphia, pa...
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UNIVERSITY CITY 5 UNIT APARTMENT BUILDING FOR SALE
1601 WALNUT ST, PHILADELPHIA, PA 19102 215.413.4900 n www.mpnrealty.com MPNM A L L I N P A N C H E L L I N A D E L
REALTY
MPNM A L L I N P A N C H E L L I N A D E L
REALTY
4517 CHESTER AVENUE, PHILADELPHIA, PA 19143
Information concerning this offer is from sources deemed reliable and no warranty is made as to the accuracy thereof. The offering is submitted subject to errors, omissions, change in price, or other conditions, prior sale or Lease, or withdrawal without notice. The prospective tenant should carefully verify to his/her own satisfaction all information contained herein.
5 UNIT APARTMENT BULDING FOR SALE
4517 CHESTER AVENUE University City, Philadelphia
MPNM A L L I N P A N C H E L L I N A D E L
REALTY
MPNM A L L I N P A N C H E L L I N A D E L
REALTY
MPN Realty Inc. is pleased to present this five unit multi-family property on Chester Avenue in
Cedar Park, a dynamic section of West Philadelphia. On the SEPTA trolley line, with easy access
to Center City, this property is located on a tree lined street just off Clark Park and the Baltimore
Avenue business corridor. In addition to West Philly enthusiasts, this property is appealing to a wide
range of tenants including students, faculty, and others that are connected to the University of
Pennsylvania and the University of Science in Philadelphia (USP). The property is just a few blocks
away from University of Pennsylvania’s new U-Science installations on Woodland Avenue.
The apartments have many attractive architectural features including original hardwood floors, high
ceilings and decorative fireplaces and mantles. Well placed upgrades could yield higher rents than
those that are being paid currently.
Available separately or with 4705 Chester Ave.
MICHAEL HERSCH 267.238.1733 n [email protected]
Information concerning this offer is from sources deemed reliable and no warranty is made as to the accuracy thereof. The offering is submitted subject to errors, omissions, change in price, or other conditions, prior sale or Lease, or withdrawal without notice. The prospective tenant should carefully verify to his/her own satisfaction all information contained herein.
MPNM A L L I N P A N C H E L L I N A D E L
REALTY
MPNM A L L I N P A N C H E L L I N A D E L
REALTY4517 CHESTER AVE University City, Philadelphia
Price $695,000
Year Built 1889
Number of Floors 3
Number of Units 5
Unit Mix (2) Studio
(1) One Bedroom
(2) Three Bedroom
Lot Size 26’ x 138’
Lot Area 3,541 SF
Total Rentable Area of Building 3,540 SF (per City of Philadelphia)
Real Estate Tax 2016 $5,180
Parking Street parking
Frontage 26’ on Chester Ave
Site Shape Rectangle
Zoning RTA-1 (Residential Mixed-Use)
Foundation Stone & concrete
Exterior Brick & wood
Roofing A-frame, pitched roof
Electric Separately metered; paid by Tenant
Domestic Hot Water Gas; paid by Landlord
Heat Radiant heating; paid by Landlord
Air Conditioning Window units
Cooking Electric; paid by Tenant
Flooring Hardwood & tile
PROPERTY OVERVIEW
MICHAEL HERSCH 267.238.1733 n [email protected]
MPNM A L L I N P A N C H E L L I N A D E L
REALTY
MPNM A L L I N P A N C H E L L I N A D E L
REALTY
Information concerning this offer is from sources deemed reliable and no warranty is made as to the accuracy thereof. The offering is submitted subject to errors, omissions, change in price, or other conditions, prior sale or Lease, or withdrawal without notice. The prospective tenant should carefully verify to his/her own satisfaction all information contained herein.
Operating Statement
INCOME
Scheduled Gross Income $ 60,300
Vacancy @ 5% $ (3,015)
Effective Gross Income $ 57,285
OWNER’S EXPENSES
Real Estate Tax 2016 $ 5,180
Insurance $ 2,300
Water & Sewer $ 900
Electric $ 320
Gas $ 1,800
Trash $ 300
Snow Removal $ 500
Capital Reserve for Repairs & Maintenance $ 2,500
Licenses ($50/unit) $ 250
Management @ 5% $ 2,864
Total Expenses $ (16,914)
Net Operating Income $ 40,371
4517 CHESTER AVE University City, Philadelphia
MICHAEL HERSCH 267.238.1733 n [email protected]
MPNM A L L I N P A N C H E L L I N A D E L
REALTY
MPNM A L L I N P A N C H E L L I N A D E L
REALTY
Information concerning this offer is from sources deemed reliable and no warranty is made as to the accuracy thereof. The offering is submitted subject to errors, omissions, change in price, or other conditions, prior sale or Lease, or withdrawal without notice. The prospective tenant should carefully verify to his/her own satisfaction all information contained herein.
Rent Roll
Electric TENANT
Heat/Air Conditioning LANDLORD
Water and Sewer LANDLORD
Domestic Hot Water LANDLORD
Cooking Gas TENANT
RESPONSIBILITY FOR UTILITIES
UNIT UNIT TYPE MONTHLY RENT
1 3 BED/1 BATH $ 1,460
2 STUDIO $ 650
3 1 BED/1 BATH $ 810
4 STUDIO $ 655
5 3 BED/2 BATH $ 1,450
TOTAL $ 5,025
4517 CHESTER AVE University City, Philadelphia
MICHAEL HERSCH 267.238.1733 n [email protected]
MPNM A L L I N P A N C H E L L I N A D E L
REALTY
MPNM A L L I N P A N C H E L L I N A D E L
REALTY
Information concerning this offer is from sources deemed reliable and no warranty is made as to the accuracy thereof. The offering is submitted subject to errors, omissions, change in price, or other conditions, prior sale or Lease, or withdrawal without notice. The prospective tenant should carefully verify to his/her own satisfaction all information contained herein.
Property Photos
4517 CHESTER AVE University City, Philadelphia
MICHAEL HERSCH 267.238.1733 n [email protected]
PROPERTY REAR
SAMPLE LIVING ROOM SAMPLE KITCHEN
MPNM A L L I N P A N C H E L L I N A D E L
REALTY
MPNM A L L I N P A N C H E L L I N A D E L
REALTY
Information concerning this offer is from sources deemed reliable and no warranty is made as to the accuracy thereof. The offering is submitted subject to errors, omissions, change in price, or other conditions, prior sale or Lease, or withdrawal without notice. The prospective tenant should carefully verify to his/her own satisfaction all information contained herein.
Property Photos
4517 CHESTER AVE University City, Philadelphia
MICHAEL HERSCH 267.238.1733 n [email protected]
SAMPLE BEDROOM SAMPLE BEDROOM
SAMPLE LIVING AREA
MPNM A L L I N P A N C H E L L I N A D E L
REALTY
MPNM A L L I N P A N C H E L L I N A D E L
REALTY
Information concerning this offer is from sources deemed reliable and no warranty is made as to the accuracy thereof. The offering is submitted subject to errors, omissions, change in price, or other conditions, prior sale or Lease, or withdrawal without notice. The prospective tenant should carefully verify to his/her own satisfaction all information contained herein.
4517 CHESTER AVE University City, Philadelphia
MICHAEL HERSCH 267.238.1733 n [email protected]
University City
Tree-lined streets, public gardens, and open green spaces make University City a verdant, livable
community. Neighbors shop together for fresh produce at farmer’s markets, dine in cozy restaurants,
and listen to open-air concerts and plays, all within blocks of the distinctive wide porches of the
leafy residential areas.
This unique and diverse neighborhood in West Philadelphia was named for the six colleges and
universities that sit between 50th street and the Schuylkill River, but it is much more than a college
town. University City grows each year, adding occupants, restaurants, world-class institutions,
and programming, making it one of the most livable, well-kept, and friendly neighborhoods in
Philadelphia.
This neighborhood also boasts a magnetic individuality fueled by youthful innovation and an
unshakeable commitment to artistic and cultural exploration. Visitors who walk U-City’s ample, busy
sidewalks will uncover a fascinating palette of people and places, offering everything from a vibrant
street-food scene and Iron Chef-run establishments to high-end art galleries and intimate late-night
hangs.
MPNM A L L I N P A N C H E L L I N A D E L
REALTY
MPNM A L L I N P A N C H E L L I N A D E L
REALTY
Information concerning this offer is from sources deemed reliable and no warranty is made as to the accuracy thereof. The offering is submitted subject to errors, omissions, change in price, or other conditions, prior sale or Lease, or withdrawal without notice. The prospective tenant should carefully verify to his/her own satisfaction all information contained herein.
4517 CHESTER AVE University City, Philadelphia
MICHAEL HERSCH 267.238.1733 n [email protected]
University City