Property
Beds
8
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
4,592
Excellent investor opportunity to acquire a rare 10 room, 8 BR/Unit, 17 person group rental rooming house fully permitted for students. Prime location close to campus and downtown with numerous nearby amenities. Historically 100% occupied with consistent annual rental increases and value add potential as only a handful of student rental properties with similar boarding house/group rental student permitted uses exist in the Borough today. Under market per student rental rental rate. Previous complete renovation and rebuilding to accommodate students during ownership along with many recent upgrades and renovations including 2nd floor HVAC system, flooring, kitchen and bathroom cabinets and countertops, windows, doors, appliances among others. Turnkey investment property as tenants pay all utilities including electric, heat, hot water, water, sewer and trash. Off street parking, front and side porches, full basement for storage or other amenity possibilities, sprinkler system and access to coin operated laundry for tenants. Income and Expenses in documents.
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen
-
Total Bedrooms
8
-
Bathrooms
N/A
-
Above Grade Finished Area
4592.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Hot Water
Exterior
-
Garage
No
-
Construction Materials
Brick, Vinyl Siding
-
Parking
Concrete, Off Street
-
Patio and Porch Features
Deck
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
-
View
Street
Area & Lot
-
Lot Features
Front Yard
-
Lot Size(acres)
0.09
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Side-by-Side
Price
-
Sales Price
$2,689,000
-
Tax Amount
6343.0
-
Zoning
8 BR 17 person rooming house fully permitted for students.
-
Sq. Footage
4, 592
-
Price/SqFt
$585
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
Foundation Details
Block
-
Sewer
Public Sewer
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Location
County
CHESTER
Elementary School
Middle School
High School
Listing Courtesy of Raymond C McCool , MAC Real Estate Services LLC
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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