Good cash flow. This is a beautiful stone building with 2 first floor commercial spaces and 4 very nice apartments above. Both commercial spaces are rented (one long term with built in rent increases to a national tenant). There is plenty of onsite parking and good visibility. The apartments are very desirable with central air, washers, dryers, dishwashers, fireplaces and separate heat and electric. It is conveniently located on Rt 3 (bus stop right out front). Separate utilities and heat pumps for each. They have always been very easy to rent. Clean as a whistle. At least 24 hrs notice to show. Rents are under market and allow room for improved cash flow.
Unique income producing property, 2 one bed, one bath units, both fully occupied, annual leases, private entrances, off street parking. 1st floor has full kitchen, large living room, nice size bedroom w nice closet space, hardwood floors, 2nd floor unit has large eat in kitchen, full bath, large bedroom, living room, hardwood floors, private deck. Units have separate electric. Property is zoned multifamily, residential w adaptive use: business office, architect, bed and breakfast, attorney office, no historical restrictions, must contact E Goshen Twp to discuss any further developments and to obtain details and approvals. Large parking lot to accommodate professional usage. Main house can be converted to additional units. Please contact listing agent for details. For more photos and details visit 1540estrasburgroad.2seeitcom
Great two unit rental located in the Town Center District of West Chester Borough. Excellent rental history. Within one block walking distance to town, six parking spaces at the rear of the building. The property fronts Gay Street and has access to parking via Middle Alley at rear of property. The first floor unit is a one bedroom one bath rental with laundry facility in basement. The second unit occupies the second and third floors and has three bedrooms, one full bath and in unit laundry. Tenants pay Gas and Electric. The new owner may have the potential to turn the first floor unit into office space. Prospective buyers should explore mixed use with the West Chester Borough Zoning office before making assumptions. This is an excellent opportunity for someone looking for a property within the Central Business District with rare West Chester, on-site parking. Owner is a licensed PA Realtor.