Bought with Jeffrey W. Bryant • Springer Realty Group
For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 5,167 sqft
Price per Sqft $193
MLS Listing ID PACT2041296
Sold Date 08/30/23
Year Built 1900
Annual Tax Amount $4,953
Tax Year 2023
Lot Size 2,750 Sqft
Acres 0.06
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Fresh price! Here is your rare and much sought after opportunity to own a Student Rental Investment Property in a highly visible historic town center location steps from downtown amenities yet very convenient and close to campus. Seller desires to sell 24 S Church St together with 24 S Church St. Both properties include 2 fully rented retail store fronts, 5 student permitted apartments and a 10 car private parking lot . This is a prime investment real estate investment opportunity you can't pass up. 22 S Church St contains a leased retail space with a 1 bedroom apartment and two large 3 bedroom apartments. 24 S Church St has a leased retail space with a 1 bedroom apartment and two large 3 bedroom apartments along with spacious covered porches in the rear for extra outdoor amenity space. All units are fully leased for the next lease term with tenants paying all utilities electric, hot water, heat, water, sewer and trash. Never a vacancy in 14 years of ownership except for short landlord chosen time periods to enhance value. Value add potential with minimal improvements and parking fees. Recent upgrades to electric and fire alarm system. Also recent conversion from oil to natural gas heating system in both properties. Don't delay! Multiple offers expected! Don't miss this unique and premier real estate investment opportunity in one of the most ideal locations for a mixed use student rental property in the Borough! For comparable sales see 513 S High St
PACT2040624 and 300-302 W Barnard St PACT2020922.
See also PACT2041252, PACT2041292, PACT2044198, PACT2044206, PACT2041128 and PACT2041164.
Location
State PA
County Chester
Area West Chester Boro (10301)
Zoning TOWN CENTER
Interior
Hot Water Electric
Heating Baseboard - Hot Water
Cooling None
Heat Source Natural Gas
Exterior
Garage Spaces 10.0
Water Access N
Accessibility None
Total Parking Spaces 10
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District West Chester Area
Others
Tax ID 01-09 -0233
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
