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$ 875,000

Est. payment -/mo

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Pending

620 FRANKLIN West Chester, PA 19382

2,640 SqFt

UPDATED:

10/18/2024 09:01 PM

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

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

Waterfront N

Water Access N

Roof Type Pitched

Accessibility None

Parking Type Off Street, On Street

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

Listed by Thomas Kerrigan • RE/MAX Direct

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620 FRANKLIN West Chester, PA 19382

Key Details

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Interior

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Building

Schools

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620 FRANKLIN