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620 FRANKLIN West Chester, PA 19382
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Key Details
Sold Price $830,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,640 sqft
Price per Sqft $314
Subdivision Ramsgate
MLS Listing ID PACT2078446
Sold Date 11/14/24
Style Colonial
Abv Grd Liv Area 2,640
Originating Board BRIGHT
Year Built 1970
Annual Tax Amount $5,698
Tax Year 2024
Lot Size 871 Sqft
Acres 0.02
Property Description
ATTENTION INVESTORS! 3 townhomes being SOLD AS A PACKAGE. 2 with STUDENT RENTAL PERMITS. Attractive, recently updated. Units A-10, A-11 and D-39 at Ramsgate, a student townhouse community. Walking distance to West Chester University. Two have STUDENT RENTAL PERMITS, the third is leased to non students. Low taxes and low condo fee. All utilities are paid by tenants or condo association. Gross rent $78,000, expenses $16,613 for an NOI of $61,387. Cap rate 7.0%. Condo handles exterior maintenance and there is always a waiting list of tenants. (Gross rent scheduled to increase to $82,800 for next school year.)
Location
State PA
County Chester
Area West Chester Boro (10301)
Zoning NC2
Interior
Interior Features Dining Area
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Equipment Dishwasher, Disposal
Fireplace N
Appliance Dishwasher, Disposal
Heat Source Electric
Exterior
Garage Spaces 3.0
Utilities Available Cable TV
Water Access N
Roof Type Pitched
Accessibility None
Total Parking Spaces 3
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade
New Construction N
Schools
School District West Chester Area
Others
Tax ID 01-10 -0337
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Daniel Larson • Keller Williams Real Estate -Exton