316 19th St | Chester, PA 19013
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316 19th St
Chester, PA 19013
55 Unit Multifamily Portfolio Delaware County · Multifamily Property For Sale
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55 Units
INVESTMENT HIGHLIGHTS
- 96% current occupancy rate (2 units being renovated)
- 16 individual properties totaling 55 apartments plus 15 garages for total of 70 rental units
- 5 properties (26 units) all next door to each other and adjacent to Widener University
- Approximately $100,000 in immediate value add to increase rents to market rate
- Historically very long term tenants and low vacancy
- 38% of current leases are Section 8 tenants
PROPERTY FACTS
| No. Units | 55 | Lot Size | 2.21 AC |
| Property Type | Multifamily | Building Size | 40,452 SF |
| Property Subtype | Apartment | Average Occupancy | 96% |
| Apartment Style | Garden | No. Stories | 3 |
| Building Class | C | Year Built | 1900 |
| Zoning | R40 - R30 - R10 | ||
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.21 AC |
| Building Size | 40,452 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | R40 - R30 - R10 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 33 | - | - |
| 2+1 | 14 | - | - |
| 2+2 | 1 | - | - |
| 3+1 | 5 | - | - |
| 4+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 49-01-00234-00 | Improvements Assessment | $109,280 |
| Land Assessment | $37,460 | Total Assessment | $146,740 |
PROPERTY TAXES
Parcel Number
49-01-00234-00
Land Assessment
$37,460
Improvements Assessment
$109,280
Total Assessment
$146,740
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