24 South Church Street
Here is your rare and much sought after opportunity to own a STUDENT RENTAL investment property in a highly visible historic towns center location steps from downtown amenities yet very convenient and close to campus. Seller desires to sell 24 S Church St together with 22 S Church St. Both properties include 2 fully rented retail store fronts , 5 student permitted apartments and a 10 car parking lot.
This is a prime investment real estate opportunity you can’t pass up. 22 S Church contains a leased retail space with two large 3 bedroom apartments. 24 S Church has a leased retail space with a 1 bedroom apartment and two 3 bedroom apartments along with spacious covered porches in the rear for extra outdoor amenity space.
All units are fully leased and 4 of 5 are rented for the next lease term with tenants paying all utilities including electric, hot water, hear, water, sewer and trash. Never a vacancy in 14 years of ownership except for short Landlord chosen renovation time periods to enhance value. Additional value add potential with normal yearly rent increases, parking fees or minimal improvements. Recent upgrades to electric and fire alarm system. Also recent conversion from oil to natural gas heating system in both properties. Property has been well maintained and being sold “as-is,”
Don’t delay! Multiple offers expected! Don’t this unique and premier real estate investment opportunity in one of the most ideal downtown locations for a mixed use student rental property in the Borough!
- 24 S Church Street
West Chester, PA 19380
Sq Ft: N/A
Sq Ft: 2750
Realtor: MAC Real Estate Services
Agent: Chris McCool