304 E 9TH ST Chester, PA 19013
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PADE2121724
Year Built 1925
Annual Tax Amount $9,334
Tax Year 2025
Lot Dimensions 45.00 x 140.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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.
Location
State PA
County Delaware
Area City Of Chester (10449)
Zoning C-1/R
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Water Access N
Roof Type Shingle
Accessibility Ramp - Main Level
Total Parking Spaces 4
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Chester-Upland
Others
Tax ID 49-04-00264-00
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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Zack Grimmer
Associate Broker | Team Leader | REALTOR | Mortgage Loan Officer | License ID: RS346782 | 1973175 | BK359849