1805 Chestnut St Philadelphia, PA 19103

The property at 1805 Chestnut Street in Philadelphia’s Rittenhouse Square area is a renovated mixed-use building zoned CMX5. It is configured as four residential apartments and one retail space, and it has been maintained with renovations completed prior to its current configuration. The building’s current setup supports in-place occupancy featuring the existing apartment units and a single retail tenant under an extended retail tenancy arrangement, providing an estimated remaining term of about nine years based on the seller’s estimate. The property is presented as an income-producing asset with reported annual total operating revenue of $251,032 and total operating expenses of $49,103, resulting in reported net operating income of $201,930.