Property
West Chester, PA 19382 315 S High Street
$2,689,000
Pending
4 more
Presented By: MAC Real Estate Services LLC
Beds • 8
Home Details
Excellent investor opportunity to acquire a rare 10 room, 8 BR/Unit, 17 person group rental rooming house fully permitted for students. Prime location close to campus and downtown with numerous nearby
amenities. Historically 100% occupied with consistent annual rental increases and value add potential as only a handful of student rental properties with similar boarding house/group rental student permitted uses exist in the Borough today. Under market per student rental rental rate. Previous complete renovation and rebuilding to accommodate students during ownership along with many recent upgrades and renovations including 2nd floor HVAC system, flooring, kitchen and bathroom cabinets and countertops, windows, doors, appliances among others. Turnkey investment property as tenants pay all utilities including electric, heat, hot water, water, sewer and trash. Off street parking, front and side porches, full basement for storage or other amenity possibilities, sprinkler system and access to coin operated laundry for tenants. Income and Expenses in documents.
Presented By: MAC Real Estate Services LLC
Interior Features for 315 S High Street
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceAssessor
BasementFull
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
FlooringVinyl, Ceramic Tile
Furnished UnitsAll
Heating FuelElectric
Heating Y/NYes
Hot WaterNatural Gas
Interior AmenitiesBathroom - Walk-In Shower, Kitchen - Eat-In, Sprinkler System
Total Stories3
General for 315 S High Street
Acceptable FinancingCash, Conventional
Accessibility2+ Access Exits
AppliancesRefrigerator, Oven/Range - Electric
Architectural StyleSide-by-Side
CityWEST CHESTER
Construction MaterialsBrick, Vinyl Siding
Cool FuelElectric
CoolingCentral A/C
CountyCHESTER
DirectionsFrom High and Market Streets proceed South on S High, Property on Left right after S High St and Union St.
DisclosuresAgent Related to Owner
Electric120/240V
ExclusionsTenant's possessions
Garage Y/NNo
Gross Income192000.00
HeatingHot Water
Home Warranty Y/NNo
Lease TypeDouble Net
Lot Size Square Feet3976.00
Lot Size UnitsSquare Feet
MLS AreaWest Chester Boro (10301)
ModificationTimestamp2025-05-06T03:40:29
MunicipalityWEST CHESTER BORO
Net Operating Income170040.00
New ConstructionNo
Number Of Units Total1
Number of Units Leased1
NumberOfUnitsVacant
One Bedroom Units Count8
Other StructuresAbove Grade, Below Grade
OwnerPaysTaxes - Real Estate, Repairs, Lawn/Shrub Care, Advertising/Licenses and Permits
OwnershipFee Simple
Patio/Porch FeaturesDeck(s)
PossessionNegotiable
Price Per Sq Ft Total AG585.58
Property ConditionVery Good
Property SubtypeOther
Property TypeMulti-Family
Rent Control Y/NNo
RoofFlat, Pitched, Shingle
School DistrictWEST CHESTER AREA
SewerPublic Sewer
Single Room Units Count8
Standard StatusPending
StatusPENDING
Structure TypeTwin/Semi-Detached
Tax Annual Amount6343.0
Tax Assessed Value179310.0
Tax Lot0918
Tax Year2024
Total Actual Rent192000.00
Total Rooms10
Total SQFT4592
TransportationBus Stop less than 1 mile
Two Bedroom0
Vacation Rental Y/NNo
ViewStreet
Water Access Y/NNo
Waterfront Y/NNo
Year Built1900
Year Built SourceAssessor
ZoningTOWN CENTER
Exterior for 315 S High Street
Exterior AmenitiesSidewalks
Foundation DetailsBlock
Land Assessed Value55900.00
Land Use CodeR40
Lot Dimensions0.00 x 0.00
Lot FeaturesFront Yard
Lot Size Acres0.09
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Off Street - # of Spaces4
Parking FeaturesConcrete Driveway
PoolNo Pool
Total Parking Spaces4
Type of ParkingOff Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Tina Torres
Broker/Owner