Philadelphia, PA 19143,5101 CHESTER AVE
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Philadelphia, PA 19143,5101 CHESTER AVE
Philadelphia, PA 19143,5101 CHESTER AVE
Philadelphia, PA 19143,5101 CHESTER AVE
Philadelphia, PA 19143,5101 CHESTER AVE

$231,000

Est. payment /mo

$249,900

7.6%
Est.Price: ?

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5101 CHESTER AVE Philadelphia, PA 19143

3,477 SqFt

SOLD DATE : 06/29/2016

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

Style Other

Year Built 1915

Annual Tax Amount $1,901

Tax Year 2016

Lot Size 2,025 Sqft

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

Interior

Hot Water Natural Gas

Heating Gas, Hot Water

Cooling None

Flooring Wood, Vinyl

Laundry None

Exterior

Utilities Available Cable TV Available

Water Access N

Roof Type Flat

Building

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

Middle Schools Shaw

High Schools West Philadelphia

School District The School District Of Philadelphia

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Bright MLS (BMLS)
Listed by Christopher J Smith • BHHS Fox & Roach-Malvern
Bought with Karrie Gavin • Elfant Wissahickon-Rittenhouse Square

Jason Gareau

Broker

+1(609) 929-4486

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