$1,070,000
$1,100,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
3,112 SqFt
SOLD DATE : 06/03/2024
Key Details
Sold Price $1,070,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,112 sqft
Price per Sqft $343
Subdivision None Available
MLS Listing ID PACT2061610
Sold Date 06/03/24
Style Other
Abv Grd Liv Area 3,112
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $6,432
Tax Year 2023
Lot Size 3,336 Sqft
Acres 0.08
Lot Dimensions 0.00 x 0.00
Property Description
House hackers and Investors! Check out this prime investment opportunity for a well kept West Chester borough quadplex! Student housing permits and off street parking in the heart of town. 2 of the 4 units units are authorized for student rentals and can be rented to either students or non-students. All units are rented and performing excellently. Building has not had any vacancy except for short periods of renovations between tenants. All units have been well kept by the current owner. Unit 1 is a student authorized 1 bedroom/1 bathroom currently rented for $1,425. New lease signed for $1,450 starting in June. Unit 2 is student authorized 2 bedroom/1 bathroom rented for $1,950 with a new lease signed for $2,100 starting May. 2 off street parking spots are assigned to this unit. This spacious unit spans 2 stories and has in unit laundry. Unit A is rented for $1,300 to long time tenants. It is a similar floor plan to Unit B which rents for $1,700. Tall ceilings, big bedroom, 1 off street parking spot, and in-unit laundry. Unit B is rented for $1,700 and has not had a rent increase in 2 years. Newly renovated, tall ceilings, big bedroom, 1 off street parking spot and in-unit laundry. Unit 2, Unit A, and Unit B have individual central heating/cooling. Unit 1 has built in wall a/c units and baseboard electric heat. All units have individual meters for electric and gas. Landlord pays water but all leases have a clause to ratio bill any water bills above $150. Water/sewer usage for 2023 averaged $235/mo. Common area gas and electric charges were only $650 for 2023. West Chester Borough covers trash. Landlord opts to pay for private trash service. 2023 trash pick up was $584. Don't miss the stellar investment in the heart of West Chester borough.
Location
State PA
County Chester
Area West Chester Boro (10301)
Zoning R40
Rooms
Basement Front Entrance, Outside Entrance, Unfinished, Sump Pump
Interior
Interior Features Sprinkler System
Hot Water Electric
Cooling Central A/C, Ceiling Fan(s), Window Unit(s)
Fireplace N
Heat Source Natural Gas
Exterior
Garage Spaces 5.0
Water Access N
Roof Type Rubber,Shingle
Accessibility Other
Total Parking Spaces 5
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District West Chester Area
Others
Tax ID 01-04 -0260
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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Bought with Robert D Hughes • Long & Foster Real Estate, Inc.
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