27 E 7TH ST, Chester, PA 19013
27 E 7TH ST, Chester, PA 19013
27 E 7TH ST, Chester, PA 19013
27 E 7TH ST, Chester, PA 19013
27 E 7TH ST, Chester, PA 19013
27 E 7TH ST, Chester, PA 19013
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Michael Davis

Michael Davis

+1(302) 300-2300
Listed by Brady Carroll • VRA Realty
$ 595,000
Est. payment | /mo

1,742 Sqft Lot

Save
$ 595,000
Est. payment | /mo
Save

1,742 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PADE2122216

Year Built 1890

Annual Tax Amount $2,972

Tax Year 2021

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type Five Or More Units

Source BRIGHT

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%.

Location

State PA

County Delaware

Area City Of Chester (10449)

Zoning RESIDENTIAL

Interior

Hot Water Natural Gas

Heating Baseboard - Electric

Cooling None

Flooring Laminate Plank

Heat Source Electric

Exterior

Utilities Available Electric Available, Natural Gas Available

Water Access N

Roof Type Flat

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Chester High School - Main Campus

School District Chester-Upland

Others

Tax ID 49-04-00075-00

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

Michael Davis

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(302) 300-2300

michael@mdavisismyrealtor.com

651 north broad st #106, Middletown, Delaware 19709, USA

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27 E 7TH ST