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Rare and a much sought after opportunity to own a turn key 5 unit STUDENT RENTAL in highly desirable prime location less than 3 blocks from campus with commercial and retail amenities across the street and close to downtown. All units are fully leased. Property was completely renovated to accommodate student rentals. Never a vacancy in any lease term during current 26 year ownership except for Landlord chosen renovations. Value add income potential with excellent rental increase upside due to extreme undersupply of student rental units. All utilities are separated with central air and heat. Tenant's pay all utilities including electric, heat, hot water, sewer and trash. Includes a separate coin operated laundry facility offering access to adjoining property for additional revenue. Full unfinished basement for storage and other possible additional amenities. Grandfathered yard signage in front of property with high traffic count visibility. Possible opportunity to purchase fully leased adjoining property under same ownership-315 S High St also a rare student rental zoned as 8 unit 17 person rooming house at a later date. Take advantage of an extremely strong student rental market with an ideal turnkey student rental investment property!
| DAYS ON MARKET | 71 | LAST UPDATED | 9/12/2024 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | West Chester Boro (10301) |
| COUNTY | CHESTER | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Sep 12, '24 | $2,195,000 |
|---|---|
| Sep 12, '24 - Today | $2,095,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | West Chester Boro (10301) |
| CONSTRUCTION | Brick, Frame, Vinyl Siding |
| HEAT | Hot Water, Natural Gas |
| LOT | 3920 sq ft |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 6881 |
| VIEW | Yes |
| VIEW DESCRIPTION | Street |
| WATER | Public |
| ZONING | Multi-family student rental with attached coin op laundry |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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