304 E 9th St, Chester, PA 19013
- $700,000
- List Price
- $700,000
- Days on Market
- 7
- Status
- ACTIVE
- MLS#
- PADE2121724
- Year Built
- 1925
- County
- Delaware
- School District
- Chester-Upland
Property Description
304 East 9th Street is a fully occupied, 7-unit multifamily property in Chester, Pennsylvania. This income-producing property consists of six (6) one-bedroom/one-bath units and one (1) studio unit. The entire building was fully gut-renovated in 2014 with new electrical, plumbing, HVAC, and major capital improvements, and there have been many additional minor updates since 2021. The property features four off-street parking spaces along with abundant non-metered street parking. The property also offers embedded rental upside: increasing in-place rents to the proforma levels reflected in the rent roll would raise gross potential rent from $72,840 to $78,000 annually, increasing NOI to approximately $46,009 and increasing the overall ROI.
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Additional Information
- Area
- City Of Chester (10449)
- Taxes
- $9334
- School District
- Chester-Upland
- Heating
- Radiator
- Heating Fuel
- Natural Gas
- Cooling
- Window Unit(s)
- Roof
- Shingle
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of VRA Realty. Contact: 4848001777