Bought with Michael F Barrett • Coldwell Banker Hearthside Realtors
$300,000
$350,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
2,380 SqFt
SOLD DATE : 06/28/2025
Key Details
Sold Price $300,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,380 sqft
Price per Sqft $126
MLS Listing ID PADE2088994
Sold Date 06/28/25
Style Unit/Flat
Abv Grd Liv Area 2,380
Year Built 1941
Annual Tax Amount $6,675
Tax Year 2024
Lot Dimensions 68.00 x 35.00
Property Sub-Type Detached
Source BRIGHT
Property Description
Outstanding opportunity to acquire a value-add 5-unit multifamily property with significant income potential. Three units are currently vacant, with projected gross rents of up to $6,000/month once stabilized.
Unit Breakdown:
Unit 1: 1BR/1BA – Vacant, cleaned and painted, needs flooring, cabinets, and bathroom upgrade.
Unit 2: 2BR/1BA – Vacant, renovations nearly complete and ready for rent.
Unit 3: 2BR/1BA – Tenant moving out soon, will need upgrades once vacant.
Unit 4: 3BR/1BA – Vacant, cleaned and painted, needs flooring, cabinets, and bathroom.
Unit 5: Leased at $750/month
This is a prime value-add opportunity for a savvy investor ready to bring units up to market standards. Whether you want to flip, refinance, or hold long-term, this property has strong income potential and room to build equity quickly.
Location
State PA
County Delaware
Area City Of Chester (10449)
Zoning C-1/R (COMMERCIAL/RESIDEN
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s)
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Permanent
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Additional Building Above Grade
New Construction N
Schools
School District Chester-Upland
Others
Tax ID 49-08-00184-00
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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