620 FRANKLIN Pending Save Request In-Person Tour Request Virtual Tour
West Chester,PA 19382
Key Details
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Pending
Purchase Type For Sale
Square Footage 2,640 sqft
Price per Sqft $331
Subdivision Ramsgate
MLS Listing ID PACT2078446
Style Colonial
Year Built 1970
Annual Tax Amount $5,698
Tax Year 2024
Lot Size 871 Sqft
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
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Equipment Dishwasher,Disposal
Exterior
Garage Spaces 3.0
Utilities Available Cable TV
Waterfront N
Water Access N
Roof Type Pitched
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District West Chester Area
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard