PA > West Chester
West Chester, PA 19382,303 S HIGH ST
West Chester, PA 19382,303 S HIGH ST
West Chester, PA 19382,303 S HIGH ST
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$2,095,000
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4,630 SqFt
Pending

303 S HIGH ST West Chester, PA 19382

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Britt McLaughlin

Britt McLaughlin

+1(215) 598-2027

UPDATED:

09/24/2024 03:11 AM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 4,630 sqft

Price per Sqft $452

MLS Listing ID PACT2070036

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $6,881

Tax Year 2024

Lot Size 3,976 Sqft

Acres 0.09

Lot Dimensions 0.00 x 0.00

Property Description

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!

Location

State PA

County Chester

Area West Chester Boro (10301)

Zoning TOWN CENTER DISTRICT

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C, Multi Units

Flooring Ceramic Tile, Vinyl

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

View Street

Roof Type Flat,Shingle

Accessibility Other

Parking Type On Street

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District West Chester Area

Others

Tax ID 01-09 -0917

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Raymond C McCool • MAC Real Estate Services LLC

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Britt McLaughlin

Team Lead | Realtor | License ID: RS338958

+1(215) 598-2027

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303 S HIGH ST