4220 Chestnut Street
Philadelphia, PA 19104
MLS #7036333

Multi-Family
  • 3units
  • 8beds
  • 3baths
  • 0.04acres
  • 3,300sq ft
ACTIVE $745,000
Est. P&I payment: $2845.4/mo
4220 Chestnut Street, Philadelphia, PA 19104
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Description for 4220 Chestnut Street, Philadelphia, PA 19104
Your opportunity to own a fully occupied, well-kept Triplex in the heart of University City. All 3 units were completely renovated, systems and cosmetic, in 2011. Each unit features hardwood floors throughout, central air, granite countertops in the kitchen, all tile bathrooms with double sinks, washer, and dryer. Keep All units occupied for maximum positive cash flow or use one unit for yourself! The full basement, with its high ceilings, has the potential for a 4th unit. Walking distance to University of Pennsylvania (UPenn), Drexel University, 24-hour Pharmacy, and Supermarkets, convenient to center city. The cap rate includes taxes, insurance, snow removal, landscaping, maintenance, and utilities. There is separate heat and electric for each unit, the owner currently pays them for the whole building. They can be passed on to the tenants to increase cash flow. Rent is directly deposited each month. Owner willing to manage the property for up to 6 months for a new investor if needed.
MLS #7036333
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My Notes for MLS #7036333

General Features

  • Property Type: Multi-Family
  • Building Floors: 3
  • Design: Triplex
  • Entrance: CommonEntr
  • Floor: Wood
  • Gross Square Feet: 3,300
  • Land Square Feet: 1,939
  • Total Units: 3
  • Unit 1 Lease End: THRU 4-30-18
  • Unit 2 Lease End: THRU 5-12-18
  • Unit 3 Lease End: THRU 8-31-17
  • Property Age: 90
  • County: PHILADELPHIA
  • Subdivision: UNIVERSITY CITY

Exterior Features

  • Water Front: N
  • Exterior: Vinyl Siding,​Brick
  • Has Garage Flag: N
  • Garage Spaces: NoGarage
  • Parking: Street

Interior Features

  • Basement: Y
  • Basement Type: Full,​Unfinished
  • Interior Features: SprinklerSys
  • Baths Full Unit 1: 1
  • Beds Unit 1: 3
  • Baths Full Unit 2: 1
  • Beds Unit 2: 3
  • Baths Full Unit 3: 1
  • Beds Unit 3: 2

Utilities Features

  • Central Air: Y

Financial Features

  • Unit 1 Monthly Rent: 2,150
  • Unit 2 Monthly Rent: 2,375
  • Unit 3 Monthly Rent: 1,750
  • Annual Heating Expense: 2,794
  • Annual Insurance Expense: 2,817
  • Annual Maintanance Expense: 5,271
  • Annual Other Expense: 450
  • Annual Water Sewer Expense: 1,485
  • Tax Year: 2017
  • Total Assessment: 239,000
  • Total Taxes: 3,346

School Features

  • School District: Philadelphia

Miscellaneous Features

  • New Construction: N
  • Property Condition: Average+Prop
  • Storage: Basement
  • Type: SingleBldg

Location

 
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The listing information for 4220 Chestnut Street, Philadelphia, PA 19104 was graciously provided by our friends at the listing brokerage, Keller Williams Real Estate-Newark

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P&I Payment $2845.4
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Last Updated 12/15/2017 at 4:11pm
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