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Key Details
Sold Price $1,100,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 4,680 sqft
Price per Sqft $235
Subdivision West Chester Boro
MLS Listing ID PACT2020952
Sold Date 05/06/22
Style Traditional
Bedrooms 8
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 4,680
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $5,248
Tax Year 2021
Lot Size 3,870 Sqft
Acres 0.09
Lot Dimensions 0.00 x 0.00
Property Description
Here is your chance to own a turnkey STUDENT RENTAL Investment Property! This freestanding brick duplex sits on a very desirable corner lot in the South West quadrant of West Chester Borough. Each of the units in this building have 4 bedrooms, 1 bathroom and large kitchens. There are separate private entrances in both front and back with each unit having and outdoor space in the back of the building. There is a newly constructed laundry room in the basement with each unit having their own washer and dryer. This property is fully leased with parental guarantees to West Chester University students through 5/25/2023 at $3000 per month per unit for total revenue of $72,000 per year. Utilities are separate with tenants paying gas(heat), water & electric! The units have gas heat and there are 2 separate boilers. The only utility that is paid by the landlord is the sewer bill. Additionally, there is a huge unfinished basement adjacent to the laundry room that could be use for tenant or landlord storage. This premium Boro location is a few blocks away from West Chester University and the restaurants and nightlife of downtown West Chester Borough. Coveted STUDENT RENTAL PERMITS are in place. Don't Delay! Property being sold "As Is". Showings Sunday, March 27th and Monday, March 28th from 12 noon to 5pm.
Location
State PA
County Chester
Area West Chester Boro (10301)
Zoning NC2 R40
Rooms
Basement Drainage System, Full, Poured Concrete, Sump Pump, Unfinished, Walkout Stairs
Main Level Bedrooms 4
Interior
Hot Water Electric
Heating Hot Water
Cooling Window Unit(s)
Flooring Carpet, Ceramic Tile, Vinyl
Equipment Dryer - Electric, Washer
Window Features Replacement
Appliance Dryer - Electric, Washer
Heat Source Natural Gas
Laundry Basement
Exterior
Exterior Feature Deck(s)
Water Access N
Roof Type Flat
Accessibility None
Porch Deck(s)
Garage N
Building
Lot Description Corner, Level, SideYard(s)
Story 2
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 2
Additional Building Above Grade, Below Grade
Structure Type 9'+ Ceilings,Dry Wall
New Construction N
Schools
School District West Chester Area
Others
Senior Community No
Tax ID 01-09 -0594
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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Bought with Thomas Kerrigan • Long & Foster Real Estate, Inc.
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