• 13 S Chester Road SWARTHMORE, PA 19081

  • $1,795,000
  • 0
    Bed(s)
  • 0
    Baths
  • 0
    Sq Ft
  • 8000
    Sqft

Prime Investment Opportunity in the Heart of Swarthmore ! Welcome to 13-15 South Chester Road, a prestigious 4-unit apartment building with 2 commercial spaces located in the bustling commercial district of Swarthmore. This unique property offers an exceptional investment opportunity with its prime location, potential for additional rental income, and recent upgrades. Each of the four one-bedroom, one-bathroom units offers a desirable layout with functional kitchens, full baths with tubs, ample closet space and wonderful location, providing residents with comfortable and practical living spaces. With stable annual leases for the residential units, this property offers a reliable income stream for investors. Two street-level commercial spaces provide an ideal opportunity for businesses to thrive in a vibrant and high-traffic area. Brooklyn Exotics has a large store front, plus several storage rooms in the back, along with full bath and internal basement access. Pilates Connexion has beautifully set up main space, 2 baths, and external basement access. Please note that commercial spaces have potential to be joined as one large space totaling 3090 sq.ft. Currently, all units are occupied, showcasing the property's attractiveness to long-term tenants. In the bustling downtown area of Swarthmore, where parking can often be a challenge, this property stands out with its offering of private assigned parking for each unit. Residents can enjoy the convenience and peace of mind that comes with having dedicated parking spaces, ensuring easy access and alleviating the typical parking concerns associated with downtown living. There is also potential with unused space on the third floor ( approx 2/3 size of 2nd floor footage) with possible expanding the rental portfolio and increasing revenue. Buyer will have to go thru approval and obtain permits from Township. - New Underground Sewage System ( August 2023): A recent upgrade to the building's infrastructure ensures modern functionality and peace of mind for both residents and commercial tenants. - Detailed income and expense information is available for review, providing transparency and confidence for potential investors. Location is a prime, across from the Swarthmore train station, as well as from prestigious Swarthmore College campus. Contact us today to learn more about this prime property and take the next step towards securing a valuable asset in a thriving community.

Property Type :

Multi-Family

Subdivision :

Swarthmore

County :

DELAWARE

Style :

Multi-Family

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Property Details

 

Water/Sewer

Water Source : Public

Interior Features

Roof : Flat,Pitched

Exterior Property Features : Exterior Lighting,Fire Escape,Sidewalks,Street Lights

Basement Description: Walkout Stairs,Drainage System,Interior Access,Outside Entrance,Rear Entrance,Sump Pump,Unfinished

Roofing Information

Flat,Pitched

Heating & Cooling

Cooling: Central A/C,Window Unit(s)

Heating: Forced Air

Cooling Fuel: Electric

Heating Fuel: Natural Gas

Building Information

Exterior Features: Exterior Lighting,Fire Escape,Sidewalks,Street Lights

Year Built: 1900

Structure: Detached

New Construction: No

Total Units: 4

Built: 1900

Construction Material: Brick

Security System: Carbon Monoxide Detector(s),Fire Detection System,Main Entrance Lock,Smoke Detector

Roof: Flat,Pitched

Foundation/Basement: Stone

Architecture: Dutch,Traditional

Pool/Private: No Pool

Roof Type: Flat,Pitched

Exterior Features

Utilities: Electric Available,Natural Gas Available,Phone Available,Water Available

Pool Information

Pool: No Pool

Utility Features

Sewer: Public Sewer

Water

Water Heat: Natural Gas

Lot Information

Lot Size: 8,000

Dimensions: 50.00 x 160.00

Lot Size (Acres): 0.18

Architectural Style: Dutch,Traditional

Stories Total: 2

Main Square Feet: 8,000

Property Information

SQ ft: 5,580

SQ ft (Living Area): 5,580

Total Lot SQ ft: 8,000

View: Street

Subdivision: SWARTHMORE

Financing: Cash,Conventional

Appx. Lot Dimensions: 50.00 x 160.00

Total Acreage: 0.18

New Construction: No

Type: Dutch,Traditional

Listing Information

Possession: Immediate

Days Of Market: 42

Tax Information

Annual Tax: $31,447

Tax Year: 2023

Total Taxes Payment Frequency: Annually

Possession

Immediate

Assessment Information

Taxes Assessment Amount: $840,000

Parking Information

Total Parking Spaces: 6

Parking Space # Assigned: 6

Parking Lot - # of Spaces: 6

Parking Type: Off Street,Parking Lot

Parking Features: Assigned,Paved Parking,Private

Has Garage: N

Multi-Unit Information

Acceptable Financing: Cash,Conventional

Roof: Flat,Pitched

Homeowners Association Information

Direction: none

School Information

School District: WALLINGFORD-SWARTHMORE

Utility Information

Electric Available,Natural Gas Available,Phone Available,Water Available

Water Source: Public

Sewer: Public Sewer

Cooling Fuel: Electric

Heating Fuel: Natural Gas

Hot Water: Natural Gas

Location Information

Location Type: Downtown

Direction: none

Nearby Home Value

Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2024 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

ByOwner last updated this listing 04/27/2024 @ 17:22

MLS: PADE2058546
LISTED BY: Branka Saula , Compass Pennsylvania, LLC
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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