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Listed by Brett Caspi • Compass Pennsylvania, LLC
$3,950,000
Est. payment /mo
5,000 SqFt
New
1805 CHESTNUT ST Philadelphia, PA 19103
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $790
Subdivision Rittenhouse Square
MLS Listing ID PAPH2495560
Year Built 1900
Annual Tax Amount $18,901
Tax Year 2024
Lot Size 2,000 Sqft
Acres 0.05
Lot Dimensions 20.00 x 100.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Investment opportunity with excellent passive income that has been tastefully renovated and well maintained. A multi-unit building in prime Rittenhouse Square, Philadelphia zoned CMX5. Fully occupied with 4 apartments and one flagship retail tenant who has approximately nine years remaining on a recently extended lease.
Total Operating Revenue Annually:$251,032
Total Operating Expenses Annually: $49,103
Total NET OPERATING INCOME: $201,930
Total Operating Revenue Annually:$251,032
Total Operating Expenses Annually: $49,103
Total NET OPERATING INCOME: $201,930
Location
State PA
County Philadelphia
Area 19103 (19103)
Zoning CMX5
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 32\"+ wide Doors
Garage N
Building
Sewer No Septic System
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871004650
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
