$915,000
$839,999
8.9%For more information regarding the value of a property, please contact us for a free consultation.
3,114 SqFt
SOLD DATE : 10/09/2024
Key Details
Sold Price $915,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,114 sqft
Price per Sqft $293
MLS Listing ID PACT2072942
Sold Date 10/09/24
Style Traditional
Abv Grd Liv Area 3,114
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $5,727
Tax Year 2023
Lot Size 4,118 Sqft
Acres 0.09
Lot Dimensions 0.00 x 0.00
Property Description
This fully leased 3-unit property is just 3 blocks from West Chester University, making it an ideal investment with an approved student housing permit. The first-floor unit features 3 bedrooms, 1 full bath, and 1 half bath. Both the second and third-floor units each offer 2 bedrooms and 1 full bath. The property has an unfinished basement providing additional storage. Off-street parking is available with space for 3-4 cars, a rare find in this prime location. With an approved student rental permit, this property generates a strong rental income of $98,400 annually, with leases secured through May 22, 2025. Tenants are responsible for the electric, water, and natural gas heating. With low taxes of $5727 you maximize your return on investment. The landlord pays the sewer. This property is being sold "As is". This is a fantastic opportunity to invest in a sought-after rental market. Don’t miss your chance to own a high-performing asset in one of the most desirable locations near West Chester University.
Location
State PA
County Chester
Area West Chester Boro (10301)
Zoning R30
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Hot Water, Radiator
Cooling None
Fireplaces Number 1
Fireplace Y
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Waterfront N
Water Access N
Accessibility None
Parking Type On Street, Off Street
Total Parking Spaces 3
Garage N
Building
Foundation Permanent
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District West Chester Area
Others
Tax ID 01-09 -0919
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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