West Chester, PA 19382,241 E ROSEDALE AVE
West Chester, PA 19382,241 E ROSEDALE AVE
West Chester, PA 19382,241 E ROSEDALE AVE
West Chester, PA 19382,241 E ROSEDALE AVE
West Chester, PA 19382,241 E ROSEDALE AVE
West Chester, PA 19382,241 E ROSEDALE AVE
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$2,300,000

$2,299,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

5,800 SqFt


SOLD DATE : 09/10/2024

Key Details

Sold Price $2,300,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 5,800 sqft

Price per Sqft $396

Subdivision West Chester Boro

MLS Listing ID PACT2074352

Sold Date 09/10/24

Originating Board BRIGHT

Year Built 1980

Annual Tax Amount $8,026

Tax Year 2024

Lot Size 0.364 Acres

Acres 0.36

Lot Dimensions 0.00 x 0.00

Property Description

Charming Investment Opportunity in West Chester, PA: 6-Unit Apartment Complex

Discover the perfect blend of comfort and investment potential with this remarkable 6-unit apartment complex located in the heart of West Chester, PA. Consisting of two buildings, this property offers a total of six spacious and meticulously maintained units, ideal for both seasoned investors and newcomers to the real estate market.

Property Features:

Two Buildings: The complex comprises two separate buildings, each with its own unique charm and character.

Building A: This building hosts 4 units, all generously sized with 2 bedrooms and 1 bathroom each. These units are thoughtfully designed to maximize space and natural light, offering comfortable living areas that cater to a variety of tenant needs. Each unit also features 2 assigned parking spaces.

Building B: The second building features 2 units, each boasting 3 bedrooms and 1 bathroom or 1.5 baths. These larger units provide ample room for families or individuals seeking more space without compromising on location or convenience.

Key Highlights:
Prime Location: Situated in West Chester, PA, this property enjoys proximity to vibrant downtown amenities, renowned educational institutions, and major transportation routes, enhancing its appeal to prospective tenants.
Strong Rental History: With a history of consistent occupancy and competitive rental rates, this complex represents a stable investment opportunity in a desirable rental market. Many units recently leased and brought up to market rate rent with a strong lease term.
Well-Maintained: The buildings have been meticulously maintained, showcasing pride of ownership and ensuring minimal upkeep for future owners.

Investment Potential:

Income Generation: With six units in total, this property offers immediate income potential from day one.
Expansion Opportunities: There may be potential to increase rental income through strategic upgrades or rental rate adjustments over time.
Diverse Tenant Base: Appeal to a diverse range of tenants, from young professionals to families, thanks to the variety of unit sizes and configurations.
Financial Snapshot:
Detailed financial information available upon request, including current rental income, expenses, and potential for increased cash flow.

Opportunity Knocks:
Don’t miss out on this exceptional opportunity to own a well-maintained 6-unit apartment complex in West Chester, PA. Whether you’re looking to diversify your investment portfolio or expand your real estate holdings, this property promises both immediate returns and long-term growth potential. Schedule your private showing today and envision the possibilities that await with this prime real estate investment.

Contact us for more information and to schedule a tour of this exceptional property.

Location

State PA

County Chester

Area West Chester Boro (10301)

Zoning R2

Interior

Hot Water Electric

Heating Heat Pump(s), Forced Air

Cooling Central A/C

Heat Source Electric, Natural Gas

Exterior

Garage Spaces 16.0

Utilities Available Electric Available, Natural Gas Available

Waterfront N

Water Access N

Accessibility None

Parking Type Driveway

Total Parking Spaces 16

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Westtown Thornbury

Middle Schools Stetson

High Schools Rustin

School District West Chester Area

Others

Tax ID 01-13 -0049

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Charles J Walsh • KW Greater West Chester
Bought with Stephen Dibattista • Zommick McMahon Commercial Real Estate
agent-avatar

+1(240) 290-0830

leisel@leiseltaylor.com

800 Maine Ave SW, Suite 200 Washington 20024

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