705 W Market Street
West Chester,
PA
19382
Property Details
| List Price: |
$1,195,000 |
| Beds: |
8 |
| Baths: |
4 |
| Status: |
Active |
SqFt: |
4800 |
| Agency: |
Keller Williams Real Estate |
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Description/Comments
| Lot Size: |
-- |
| Property Type: |
Residential |
| Year Built: |
1875 |
| Notes: |
House hackers and Investors! Welcome to this fantastic 4-unit multifamily home in the heart of West Chester, Pennsylvania! Each unit offers comfortable living spaces, and the property is ideal for investors or owner-occupants seeking rental income. This parcel is located on a 1 acre lot at the corner of S. Bradford Avenue and W. Market Street. The larger lot provides for possible development potential in the future and is located in East Bradford Township which is just across the street from West Chester borough also providing additional flexibility for renting to students who can easily and safely walk to West Chester University and downtown West Chester. Four spacious units with a mix of updates and original features with an annual total gross income of $61,800. Apartment 1 is a spacious 3 bedroom unit with high ceilings, a large central living room, large bedrooms, eat-in kitchen and 1 full bath rented for $1650. Apartment 2 is a 2nd floor efficiency with a kitchenette and 1 full bath rented for $800. Apartment 3 is a spacious 2 bedroom unit with more high ceilings, a large living room, dining area, kitchen and 1 bath rented for $1250. Apartment 4 is another spacious 2 bedroom unit with living room, full kitchen and 1 bath rented for $1450. All rents are under market. Modest improvements could provide higher rent values. Additional features include a massive front covered porch for entertaining friends and relaxing, separate off street parking for all tenants, incredible corner yard, coin-op laundry room with 2 washers and 2 dryers with separate locked door access. Additional storage in basement including a locked owners storage and systems room. Prime location in West Chester, just steps away from the down town area, charming parks, trendy boutiques, delectable dining options, an array of year-round activities to keep you entertained walkable to West Chester University. Whether you're strolling through the scenic streets or enjoying a leisurely afternoon in the nearby parks, you'll appreciate the unparalleled walkability and convenience that this prime location offers. Whether you're looking to invest or live in one unit while renting out the others, this multifamily property offers a great opportunity. All units have individual meters for electric and gas. Landlord pays water and sewer $3385 annually averaging $282 per month. Common area electricity $1063 annually, averaging $89 per month. Annual waste removal-dumpster $1443, averaging $120/month. Annual insurance Philadelphia Contributorship $2178, averaging $182 per month. Annual landscaping $1250, averaging $104 per month. |
| MlsNumber: |
PACT2065964 |
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| Listing Provided By: |
Keller Williams Real Estate, original listing |
| Name: |
Keller Williams Real Estate |
| Phone: |
(610) 399-5100 |
| Office Name: |
Keller Williams Real Estate - West Chester |
| Office Phone: |
(610) 399-5100 |
| Agent Name: |
Paul Lott |
| Disclaimer: |
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
