27 E 7th St, Chester, PA 19013
- $595,000
- List Price
- $595,000
- Days on Market
- 0
- Status
- ACTIVE
- MLS#
- PADE2122216
- Lot Size (Acres)
- 0.04
- Year Built
- 1890
- County
- Delaware
- School District
- Chester-Upland
Property Description
27 East 7th Street is a fully occupied, 6-unit multifamily property in Chester, Pennsylvania. Built in 1920 and renovated in 2023, the property consists of five two-bedroom units and one studio unit across 4,617 square feet. The updated unit interiors feature renovated kitchens and baths, vinyl plank flooring, and fresh finishes throughout, positioning the asset for minimal near-term capital requirements. The property offers embedded rental upside: current in-place rent totals $76,500 annually against a market potential of $87,600 - a gap of $11,100 (14.5%). Bringing rents to market would raise NOI to approximately $49,461, improving the cap rate to approximately 8.3%.
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Additional Information
- Area
- City Of Chester (10449)
- Taxes
- $2972
- Stories
- 3
- School District
- Chester-Upland
- High School
- Chester High School - Main Campus
- Flooring
- Laminate Plank
- Heating
- Baseboard - Electric
- Heating Fuel
- Electric
- Cooling
- None
- Roof
- Flat
- Utilities
- Electric Available, Natural Gas Available
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of VRA Realty. Contact: 4848001777
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