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Multi-Family, 3 units |
offered at $549,900 |
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| Year Built |
1920 |
| Sq Footage |
Unspecified |
| Floors |
0 |
| Parking |
Unspecified |
| Lot
Size |
3,479 sqft |
| Maint |
$0 per month |
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| Fully rented three unit investment opportunity on Gay Street in West Chester Borough. This property has of a main house consisting of a two units and a carriage house with another unit. It is located directly across the street from St. Agnes Church and behind the new Justice Center. It is zoned Town Center "TC" which allows student rentals without permits. All tenants are well qualified, current, and on one year leases. This property is producing a TRUE 8% cash on cash return! With some cosmetic updates the rents can easily be increased in the main house. Most of the properties major mechanicals have been updated. This is a good income producing property in a very desirable part of town making it easy to lease in the future. Take advantage of the historically low interest rates and lock this three unit in at 4% for 30 years! |
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