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1900 E Chelten Ave
Off-Market Call for Pricing
Call for Pricing
- 8 Units
- Unknown Sq Ft
- 18,000 Sq Ft
- Unknown Cap Rate
Description
Subject of sale are 2 commercial parcels: 6350-54 Ogontz Ave and 1900-16 E Chelten Ave. Ogontz Ave parcel(roughly 12,000 sf interior) consists of 2 storefronts each spanning roughly 6,000 sf. One of them is currently occupied by a day care center and the other is awaiting a new tenant. Chelten Ave parcel(roughly 5,500 sf) consists of 6 storefronts that are fully occupied. These two parcels spanning roughly 17,550 sf together bring in over $290,000 in annual gross rents (including the one 6,000 sf curtrently vacant space which is projected conservatively to bring in $5,000/mon or $60,000 in annual rents). Total annual expenses are currently $26,535 that is broken down to $18,723 in property taxes for 2 parcels, $5,812 in property insurance, and around $2,000 in repairs and maintenance. Thus, the annual NOI would be over $263,000 - What an exellent investment property!
Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,500,000 |
| Property Type | Retail |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1925 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 882919508 |
| MLS # | PAPH2452366 |
| Property ID | 320156675 |
| Lot Sqft | 18,000 |
| Zoning | COM |
| Total Units | 8 |
| Date Updated | March 05, 2025 |
| Date Created | March 04, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $290,000 | $0 |
| Operating Expenses | $ 26,535 |
| Net Income (Yr) | $ 263,000 |
| Cap Rate | 7.50% |
Listing Provided By
Sang-Mook Ha an agent of . Lic #RM422610
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Data last updated: December 31, 2025.
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Robert Crawford
REAL ESTATE AGENT