1127 Ward St | Chester, PA 19013
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- LoopNet Team
1127 Ward St
Chester, PA 19013
REO Sale | Hillside Manor Apartments · Multifamily Property For Sale
·
216 Units
Investment Highlights
- 216-Unit Value-Add Opportunity: Garden-style community with all two-bedroom, one-bath units spread across 54 buildings.
- Low Basis of $55K/Unit: Offered well below replacement cost with a price per unit significantly under comps in the area.
- Strategic Location Near I-95 Halfway Between Philadelphia and Wilmington: Just 15 minutes from Philadelphia International Airport, Widener University,
- Significant Upside Via Renovation & Lease-Up: Currently ±71% occupied with 54 down units; in-place rents average $903/month vs. market average of $1,3
- Desirable Unit Features: All units have private entrances and semi-private driveway parking, enhancing tenant appeal and operational efficiency.
- Strong Local Demographics: ±185,090 residents within a 5-mile radius and a median household income of $78,440 support long-term renter demand.
Property Facts
| No. Units | 216 | Lot Size | 7.96 AC |
| Property Type | Multifamily | Building Size | 172,800 SF |
| Property Subtype | Apartment | Average Occupancy | 64% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1954/2007 |
| No. Units | 216 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.96 AC |
| Building Size | 172,800 SF |
| Average Occupancy | 64% |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2007 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Tile Floors
- High Speed Internet Access
- Refrigerator
- Walk-In Closets
- Carpet
- Smoke Free
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 216 | - | 800 |
Property Taxes
| Parcel Number | 49-11-02123-90 | Improvements Assessment | $7,275,710 |
| Land Assessment | $224,290 | Total Assessment | $7,500,000 |
Property Taxes
Parcel Number
49-11-02123-90
Land Assessment
$224,290
Improvements Assessment
$7,275,710
Total Assessment
$7,500,000
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