27 E 7th St, Chester, PA 19013

$595,000

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List Price: $595,000
Days on Market: 5
Status: ACTIVE
MLS#: PADE2122216
Lot Size (Acres): 0.04
Year Built: 1890
County: Delaware
School District: Chester-Upland

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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