Thank you
John Knisely
Keller Williams Real Estate - Media
610-565-1995
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.
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Water Source : Public
Sprinkler System
Roof : Rubber,Shingle
Exterior Property Features : Sidewalks
Basement Description: Front Entrance,Outside Entrance,Unfinished,Sump Pump
Rubber,Shingle
Cooling: Central A/C,Ceiling Fan(s),Window Unit(s)
Heating: 90% Forced Air,Baseboard - Electric,Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Exterior Features: Sidewalks
Year Built: 1900
Structure: End of Row/Townhouse
New Construction: No
Total Units: 4
Built: 1900
Construction Material: Brick,Brick Front,Masonry,Stucco,Vinyl Siding
Roof: Rubber,Shingle
Foundation/Basement: Stone
Architecture: Other
Pool/Private: No Pool
Roof Type: Rubber,Shingle
Pool: No Pool
Sewer: Public Sewer
Water Heat: Electric
Lot Size: 3,336
Dimensions: 0.00 x 0.00
Lot Size (Acres): 0.08
Architectural Style: Other
Stories Total: 3
Main Square Feet: 3,336
SQ ft: 3,112
SQ ft (Living Area): 3,112
Total Lot SQ ft: 3,336
Subdivision: NONE AVAILABLE
Financing: Cash,Conventional,FHA,VA
Appx. Lot Dimensions: 0.00 x 0.00
Total Acreage: 0.08
New Construction: No
Type: Other
Possession: Subject to Existing Lease,0-30 Days CD,31-60 Days CD,61-90 Days CD
Days Of Market: 14
Annual Tax: $6,432
Tax Year: 2023
Total Taxes Payment Frequency: Annually
Subject to Existing Lease,0-30 Days CD,31-60 Days CD,61-90 Days CD
Taxes Assessment Amount: $185,420
Total Parking Spaces: 5
Parking Lot - # of Spaces: 5
Parking Type: Parking Lot
Parking Features: Asphalt Driveway,Paved Parking,Surface
Has Garage: N
Acceptable Financing: Cash,Conventional,FHA,VA
Roof: Rubber,Shingle
Direction: Corner of Darling and Washington
School District: WEST CHESTER AREA
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Electric
Direction: Corner of Darling and Washington
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1354 Old Pottstown Pike , West Chester, PA,19380 | $600,000 | -- | -- | 387,684 | 387684 Sqft |
Residential, West Chester, PA,19380 | $999,990 | 3 | 4.0 | -- | -- |
Residential, West Chester, PA,19380 | $939,990 | 3 | 3.0 | -- | -- |
1402 Gorky Lane , West Chester, PA,19380 | $990,000 | 3 | 3.0 | -- | 2880 Sqft |
235 W Chestnut Street , West Chester, PA,19380 | $525,000 | -- | -- | 2,178 | 1232 Sqft |
235 W Chestnut Street , West Chester, PA,19380 | $525,000 | 5 | 3.0 | -- | 1232 Sqft |
1437 Spackman Lane , West Chester, PA,19380 | $550,000 | 4 | 3.5 | 2,631 | 82764 Sqft |
1504 E Belvidere Circle , West Chester, PA,19380 | $750,000 | 4 | 2.5 | -- | 10000 Sqft |
521 Marshall Drive , West Chester, PA,19380 | $470,000 | 4 | 2.5 | 1,583 | 7150 Sqft |
1916 Fitzgerald Lane , West Chester, PA,19380 | $850,000 | 4 | 4.0 | 3,774 | 1860 Sqft |
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ByOwner last updated this listing 05/03/2024 @ 09:57
MLS: PACT2061610
LISTED BY: John Knisely , Keller Williams Real Estate - Media
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2%
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.