Sold

CLOSED

303 S High St

West Chester PA, 19382

$1,820,000


$393.09 per sqft

Sold

CLOSED

4,630 sqft

Commercial

Built in 1900

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!

PACT2070036

MLS ID

July 11, 2024

Listed

November 18, 2024

Updated

Map

303 S High St
West Chester PA, 19382

Interior Features

Total Stories

3


Interior Features

Ceramic Tile, Vinyl


Floor Description

Ceramic Tile, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Hot Water, Natural Gas

Exterior/Building Features

Lot Size

0.09 Acres


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

WEST CHESTER BORO


Taxes

$6,881


Tax Frequency

Annually


Days on Market

71


Garage

No


Parking

On Street


View

Yes


View Description

Street


County

CHESTER


Water Source

Public


Pool

No


Zoning

Multi-family student rental with attached coin op laundry

Listing History

Date

Event

Price

11/18/2024

Sold

$1,820,000

9/19/2024

Pending

9/12/2024

Price change

$2,095,000

-5%

Listed by MAC Real Estate Services LLC
Listing Contact: 6106927010 

The IDX display contains information sourced from the Bright MLS, Inc. as of 11/18/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 11/18/2024 at 8:11 PM UTC

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