KAREN J. BURKE

Description

Exceptional Corner Four-Unit Investment Property in University City Address: 5013 Chester Ave, Philadelphia, PA Price: [$719,900.00] Don’t miss out on this outstanding opportunity to own a well-maintained four-unit investment property in the highly desirable University City neighborhood! Located at a prime corner with convenient access to the 13 Trolley and Regional Rail, this property is ideally situated for renters, offering ease of access to local universities, hospitals, and all that the vibrant area has to offer. Key Features: Fully Renovated 3rd Floor Apartment – 2025: The 3rd-floor apartment has been completely renovated in 2025, offering fresh, modern finishes and an updated design. A great option for prospective tenants looking for stylish, move-in ready living spaces. Well-Maintained & Updated Units: This twin corner property was fully renovated in 2012, with each unit showcasing extra width, high ceilings, and abundant natural light throughout. Every apartment has its own central air conditioning and heating units, ensuring year-round comfort for tenants. Efficient and Tenant-Friendly Layout: Two 2-bedroom units One 3-bedroom unit One spacious studio apartment with office space on the lower level All units feature separate utilities, providing ease of management and reducing the burden on the owner. Modern Amenities & Peace of Mind: Laundry room and storage in the basement for tenant convenience New concrete surrounding the building for an enhanced exterior State-of-the-art security system, including automatic flood lights Property complies with Philadelphia Fire Code for added safety Newly installed 5” sewer line with a 100-year corrosion warranty Prime Location: Located near major hospitals and universities, this property attracts high-demand tenants, offering stable, long-term returns. The location is ideal for students, medical professionals, and faculty members looking for a convenient, well-maintained living space. Investment & Financing Options: For Owner Occupants: FHA financing with as little as 3.5% down Conventional financing with as little as 5% down $3,000 grant & $7,500 grant eligible For Investors: Rent-only verification Financing options with as little as 20% down Ability to buy in an LLC Pre-payment penalties allowed to secure rates in the 6% range Interest-only financing with 25% down Why This Property? High-demand University City location Fully updated, well-maintained units with modern amenities Turnkey investment with separate utilities and security features Stable rental income potential in a prime area near hospitals and universities Peace of mind with recent updates, including a new sewer line and compliance with fire codes This is an exceptional investment with the opportunity for stable returns, whether you are an owner-occupant or investor. With all the recent upgrades and strategic location, 5013 Chester Ave is a prime opportunity you don’t want to miss. Call today to schedule a showing or inquire about financing options before this amazing investment opportunity slips away!

Features