BEDS0
BATHS
MLS#PADE2122216
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLCHESTER-UPLAND
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%.
Property Features
Property Type: Commercial -
Cooling: None
Fuel Type: Electric
Heating: Baseboard - Electric
Lot Size: 0.04 Acres
Roof Type: Flat
Taxes: $2,972
Year Built: 1890
Feature Descriptions
Exterior: Brick, Masonry
Flooring: Laminate Plank
Location: Urban
Lot Dimensions: 0.04 Acre(S)
Municipality: CITY OF CHESTER
Parking Notes: Public
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Units: 6
Utilities: Electric Available, Natural Gas Available
Water: Public
Local Schools
High School: CHESTER HIGH SCHOOL - MAIN CAMPUS
School District: CHESTER-UPLAND
Listed By / Shown By
Listed By
Agency Name: VRA Realty
Agency Phone: 4848001777
Shown By
Agent Name: Tessa A. Fuller
Agent Phone: Cell: (717) 378-1527
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
27 E 7th Street | MLS# PADE2122216
This commercial property located at 27 E 7th Street, Chester, PA 19013 is currently listed for sale with an asking price of $595,000. E 7th Street is located within the CHESTER-UPLAND school district. Search Chester real estate on tessafuller.homesale.com today.