Philadelphia, PA 19143 5237 Chester Avenue

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Presented By: KW Empower
  • MLS# PAPH2421012
  • 11/23/2024
  • Request Tour
  • Request Info
  • Beds • 6
  • Baths • 6
  • SQFT • 3,272

Home Details

CHESTER AVE LOFTS: It is my distinguished honor to present to you 5237 Chester Ave. Philadelphia, PA 19143. Down the street, we are also listing a 3 unit Commercial Mixed Use on 5129 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 $1000-$1200/month. 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. 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.
Presented By: KW Empower

Interior Features for 5237 Chester Avenue

Bedrooms

Main Level Bedrooms6
Total Bedrooms6

Bathrooms

Total Baths6

Other Interior Features

LivingAreaSourceEstimated
Below Grade Unfin Area UnitsSquare Feet
Below Grade Unfin SQFT0
Below Grade Unfin SQFT SourceAssessor
Above Grade Finished Area2672
Above Grade Finished Area SourceEstimated
Above Grade Finished Area Unit TypeSquare Feet
Basement (Y/N)No
Below Grade Finished Area600
Below Grade Finished Area SourceEstimated
Below Grade Finished Area Unit TypeSquare Feet
Central Air Y/NYes
Fireplace Y/NNo
FlooringLuxury Vinyl Plank, Carpet
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Interior AmenitiesKitchen - Eat-In
Laundry TypeNone

Other Rooms

Entry Level1

General for 5237 Chester Avenue

Acceptable FinancingCash, Bank Portfolio, Other
AccessibilityNone
AppliancesDishwasher, Oven/Range - Gas, Refrigerator
Architectural StyleOther
Bathrooms Count Main Level6.00
Bathrooms Full Main Level6
CityPHILADELPHIA
Condo/Coop Association Y/NNo
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsCorner of Chester St
Electric100 Amp Service
Full Baths6
Garage Y/NNo
HOANo
HeatingCentral
Historic Y/NNo
Home Warranty Y/NNo
Lease Considered Y/NNo
Levels3
MLS Area19143 (19143)
ModificationTimestamp2025-04-01T00:28:34
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total6
Other StructuresAbove Grade, Below Grade
OwnershipOther
PossessionImmediate
Price Per Sq Ft Total AG242.89
Property ConditionExcellent
Property TypeResidential
RoofFlat, Rubber
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
Security FeaturesExterior Cameras, Intercom
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Structure TypeUnit/Flat/Apartment
Subdivision NameKINGSESSING
Tax Annual Amount5364.0
Tax Assessed Value383200.0
Tax Year2025
Total Actual Rent79200.00
Total SQFT3272
UtilitiesElectric Available, Natural Gas Available, Other
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1968
Year Built SourceEstimated
ZoningRSA5

Exterior for 5237 Chester Avenue

Foundation DetailsConcrete Perimeter
Land Assessed Value114960.00
Lot Dimensions20.00 x 100.00
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $649,000
MLS#PAPH2421012
List Date 11/23/2024
Property Type Single Family
Phone 703.929.4729
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