MLS® ID: PADE437504
2720 W 3RD STREET
CHESTER, Pennsylvania, 19013 $69,500
2720 and 2722 West 3rd Street, Chester, PA 19013Investment opportunity with excellent capital appreciation potential when rehabbedLarge character brick building with two nice front bay windows overlooking the street.Strong demand: Located in a convenient and accessible location, just 12 miles from Wilmington Delaware and 17 miles from Downtown Philadelphia and just over 100 miles from New York and Washington DC.High rental rates- Excellent income potential: $3,030/ month ($36,360)Ideal investment property: 7 Bedrooms and 3 bathroomsLarge property: Two story brick property currently consisting of 2 large Multifamily units with 7 bedrooms and 6 bathrooms, most of the rooms are of a decent size and there are several built in closets. The front doors are accessed through a locked gate that leads to a grassy side yard with separate entrances.The property includes two parcels. Total lot area about 5,600 SF 2720 W 3rd Street1st Floor apartment2 Bedroom2 BathroomLarge entry way and Living RoomKitchenDining RoomFront Door-Street access and side door 2722 W 3rd Street2 Floor ApartmentTop Floor4 Bedrooms (1 Master with Bay windows)KitchenFoyer2.5 bathroomsLong HallwayBack DoorFirst FloorLiving RoomBedroom with .5 BathroomDoor to side of buildingThe property is large and can be easily subdivided to more units (subject to zoning). The property has 4 external doors along the side walk, three at first floor level and one up the stairs at second floor level. The street side of 2720 used to be the front window of a store and can be converted again to a store if needed. The property was previously used as a restaurant / storefront /apartments.The property can be easily subdivided again into:1 store front4 apartments: 2 Two bedroom and two One bedroom apartments(subject to zoning)The property is currently fenced and secure.The property has been vacant for a while and now needs a full rehab, but once completed the property has tremendous potential.