Homes for sale - 5237 CHESTER AVE, Philadelphia, PA 19143

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William Mercogliano III

themercteam@gmail.com +1(856) 472-9836

Listed by Minh Nguyen-Rivera • KW Empower

$640,000

Est. payment - /mo

2,672 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,672 sqft

Price per Sqft $239

MLS Listing ID PAPH2559318

Style AirLite,Straight Thru

Abv Grd Liv Area 2,672

Year Built 1900

Annual Tax Amount $5,364

Tax Year 2025

Lot Size 2,000 Sqft

Acres 0.05

Lot Dimensions 20.00 x 100.00

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

THE CROWN OF CHESTER AVE: 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 $950-$1150/month, with a Capitalization Rate of 11.83%. 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.

Location

State PA

County Philadelphia

Area 19143 (19143)

Zoning RM1

Rooms

Basement Unfinished

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Window Unit(s)

Flooring Luxury Vinyl Plank

Equipment Dishwasher, Dryer - Electric, Dryer, Oven/Range - Gas, Washer, Water Heater

Fireplace N

Appliance Dishwasher, Dryer - Electric, Dryer, Oven/Range - Gas, Washer, Water Heater

Heat Source Electric

Exterior

Water Access N

Roof Type Flat,Rubber

Accessibility None

Garage N

Building

Lot Description Rear Yard, SideYard(s)

Foundation Concrete Perimeter

Above Ground Finished SqFt 2672

Sewer Public Sewer

Water Public

Architectural Style AirLite, Straight Thru

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881707575

Ownership Fee Simple

SqFt Source 2672

Acceptable Financing Cash, Conventional, Bank Portfolio, Private, Variable, Other

Listing Terms Cash, Conventional, Bank Portfolio, Private, Variable, Other

Financing Cash,Conventional,Bank Portfolio,Private,Variable,Other

Special Listing Condition Standard

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William Mercogliano III

+1(856) 472-9836

Broker Associate | License ID: 0893537

Broker Associate License ID: 0893537

5237 CHESTER AVE Philadelphia, PA 19143

William Mercogliano III

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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