5101 Chester Ave

Cedar Park 19143
Sold 7/7/2016

Property Description

I’ll let you in on a secret: this property is a terrific investment if you’re looking for a multi-unit building with a stable and positive rental history. This is one of those buildings that often attracts tenants by word of mouth for a variety of reasons. It’s a rare single detached building on a corner and is directly opposite the 51st Street stop for the Rt. 13 trolley line and just two blocks from the 49th Street Station on the Media/Elwyn Regional Rail Line making it a great location for easily getting around the city and the area either on foot or via public transportation. It’s also close to the restaurants, theaters and shops in University City and Cedar Park. Plus, next door is Farm 51, an urban farm selling fresh produce and eggs and providing a lush oasis around this property. The current owner has substantially improved this property by completely renovating the third floor apartment, installing new basement and third floor windows, repairing the roof, parging the basement walls and cleaning out the basement and the attic and has subsequently increased the rent roll by more than 10% in just two years.

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