$231,000
$249,900
7.6%For more information regarding the value of a property, please contact us for a free consultation.
5101 CHESTER AVE Philadelphia, PA 19143
3,477 SqFt
Key Details
Sold Price $231,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,477 sqft
Price per Sqft $66
Subdivision Cedar Park
MLS Listing ID 1000023494
Sold Date 06/29/16
Style Other
HOA Y/N N
Abv Grd Liv Area 3,477
Originating Board TREND
Year Built 1915
Annual Tax Amount $1,901
Tax Year 2016
Lot Size 2,025 Sqft
Acres 0.05
Lot Dimensions 19X108
Property Description
I'll let you in on a secret: this property is a terrific investment if you're looking for a multi-unit building with a stable and positive rental history. This is one of those buildings that often attracts tenants by word of mouth for a variety of reasons. It's a rare single detached building on a corner and is directly opposite the 51st Street stop for the Rt. 13 trolley line and just two blocks from the 49th Street Station on the Media/Elwyn Regional Rail Line making it a great location for easily getting around the city and the area either on foot or via public transportation. It's also close to the restaurants, theaters and shops in University City and Cedar Park. Plus, next door is Farm 51, an urban farm selling fresh produce and eggs and providing a lush oasis around this property. The current owner has substantially improved this property by completely renovating the third floor apartment, installing new basement and third floor windows, repairing the roof, parging the basement walls and cleaning out the basement and the attic and has subsequently increased the rent roll by more than 10% in just two years.
Location
State PA
County Philadelphia
Area 19143 (19143)
Zoning RSA3
Rooms
Other Rooms Primary Bedroom
Basement Full, Unfinished
Interior
Hot Water Natural Gas
Heating Gas, Hot Water
Cooling None
Flooring Wood, Vinyl
Fireplace N
Window Features Energy Efficient
Heat Source Natural Gas
Laundry None
Exterior
Utilities Available Cable TV Available
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
Middle Schools Shaw
High Schools West Philadelphia
School District The School District Of Philadelphia
Others
Tax ID 511270400
Ownership Fee Simple
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Bought with Karrie Gavin • Elfant Wissahickon-Rittenhouse Square