134 Chestnut St Philadelphia, PA 19106

This exceptional Old City investment opportunity presents a fee-simple, mixed-use quadplex totaling 3,300 square feet on a 945 square foot lot. The property, built in 1900 and extensively renovated in 2023, boasts a Class A designation and features four units: a thriving restaurant occupying a significant portion of the building, and three residential units. Currently operating at 50% occupancy, the property offers immediate cash flow with a strong NOI of $88,711 and a compelling 7.42% cap rate. The asking price is $1,195,000, translating to $362.12 per square foot and $298,750 per unit. The restaurant benefits from a long-term lease under a NNN structure. Two of the residential units are currently vacant, presenting an immediate opportunity to increase rental income. The third residential unit is occupied by a long-term tenant. The property is zoned CMX3, offering significant potential for future development, including the possibility of utilizing the 60 square feet of available air rights. This four-story building represents a rare chance to acquire a stabilized investment in one of Philadelphia's most desirable neighborhoods. Financial proforma is available online.