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