West Chester, PA 19382,241 E ROSEDALE AVE
See all 41 photos
West Chester, PA 19382,241 E ROSEDALE AVE
West Chester, PA 19382,241 E ROSEDALE AVE
West Chester, PA 19382,241 E ROSEDALE AVE
West Chester, PA 19382,241 E ROSEDALE AVE

$2,300,000

Est. payment /mo

$2,299,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

241 E ROSEDALE AVE West Chester, PA 19382

5,800 SqFt

SOLD DATE : 09/10/2024

Key Details

Sold Price $2,300,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 5,800 sqft

Price per Sqft $396

Subdivision West Chester Boro

MLS Listing ID PACT2074352

Sold Date 09/10/24

Originating Board BRIGHT

Year Built 1980

Annual Tax Amount $8,026

Tax Year 2024

Lot Size 0.364 Acres

Acres 0.36

Lot Dimensions 0.00 x 0.00

Property Description

Charming Investment Opportunity in West Chester, PA: 6-Unit Apartment Complex

Discover the perfect blend of comfort and investment potential with this remarkable 6-unit apartment complex located in the heart of West Chester, PA. Consisting of two buildings, this property offers a total of six spacious and meticulously maintained units, ideal for both seasoned investors and newcomers to the real estate market.

Property Features:

Two Buildings: The complex comprises two separate buildings, each with its own unique charm and character.

Building A: This building hosts 4 units, all generously sized with 2 bedrooms and 1 bathroom each. These units are thoughtfully designed to maximize space and natural light, offering comfortable living areas that cater to a variety of tenant needs. Each unit also features 2 assigned parking spaces.

Building B: The second building features 2 units, each boasting 3 bedrooms and 1 bathroom or 1.5 baths. These larger units provide ample room for families or individuals seeking more space without compromising on location or convenience.

Key Highlights:
Prime Location: Situated in West Chester, PA, this property enjoys proximity to vibrant downtown amenities, renowned educational institutions, and major transportation routes, enhancing its appeal to prospective tenants.
Strong Rental History: With a history of consistent occupancy and competitive rental rates, this complex represents a stable investment opportunity in a desirable rental market. Many units recently leased and brought up to market rate rent with a strong lease term.
Well-Maintained: The buildings have been meticulously maintained, showcasing pride of ownership and ensuring minimal upkeep for future owners.

Investment Potential:

Income Generation: With six units in total, this property offers immediate income potential from day one.
Expansion Opportunities: There may be potential to increase rental income through strategic upgrades or rental rate adjustments over time.
Diverse Tenant Base: Appeal to a diverse range of tenants, from young professionals to families, thanks to the variety of unit sizes and configurations.
Financial Snapshot:
Detailed financial information available upon request, including current rental income, expenses, and potential for increased cash flow.

Opportunity Knocks:
Don’t miss out on this exceptional opportunity to own a well-maintained 6-unit apartment complex in West Chester, PA. Whether you’re looking to diversify your investment portfolio or expand your real estate holdings, this property promises both immediate returns and long-term growth potential. Schedule your private showing today and envision the possibilities that await with this prime real estate investment.

Contact us for more information and to schedule a tour of this exceptional property.

Location

State PA

County Chester

Area West Chester Boro (10301)

Zoning R2

Interior

Hot Water Electric

Heating Heat Pump(s), Forced Air

Cooling Central A/C

Heat Source Electric, Natural Gas

Exterior

Garage Spaces 16.0

Utilities Available Electric Available, Natural Gas Available

Water Access N

Accessibility None

Total Parking Spaces 16

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Westtown Thornbury

Middle Schools Stetson

High Schools Rustin

School District West Chester Area

Others

Tax ID 01-13 -0049

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bright MLS (BMLS)
Listed by Charles J Walsh • KW Greater West Chester
Bought with Stephen Dibattista • Zommick McMahon Commercial Real Estate

Greg Kolandjian

Team Leader | License ID: 0225205024

+1(540) 737-8150

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.