303 S HIGH ST Pending Save Request In-Person Tour Request Virtual Tour
West Chester,PA 19382
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