1805 CHESTNUT ST new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19103
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
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