Address
301 N Darlington Street, West Chester, PA
Price
$ 1,100,000
Property Attributes
- MLS#PACT2061610
- TypeContingent
- CountyCHESTER
- CityWest Chester
- AreaWest Chester Boro
- Zip19380
- Style
- Year Built1900
- Taxes$ 6432
- Price$ 1,100,000
- Bedrooms5
- Full Bathrooms0
- Half Bathrooms0
- Lot Size3,485 SqFt
Data Source:
Bright MLS
Property Description
House hackers and Investors! Check out this prime investment opportunity for a well kept West Chester borough quadplex! Student housing permits and off street parking in the heart of town. 2 of the 4 units units are authorized for student rentals and can be rented to either students or non-students. All units are rented and performing excellently. Building has not had any vacancy except for short periods of renovations between tenants. All units have been well kept by the current owner. Unit 1 is a student authorized 1 bedroom/1 bathroom currently rented for $1,425. New lease signed for $1,450 starting in June. Unit 2 is student authorized 2 bedroom/1 bathroom rented for $1,950 with a new lease signed for $2,100 starting May. 2 off street parking spots are assigned to this unit. This spacious unit spans 2 stories and has in unit laundry. Unit A is rented for $1,300 to long time tenants. It is a similar floor plan to Unit B which rents for $1,700. Tall ceilings, big bedroom, 1 off street parking spot, and in-unit laundry. Unit B is rented for $1,700 and has not had a rent increase in 2 years. Newly renovated, tall ceilings, big bedroom, 1 off street parking spot and in-unit laundry. Unit 2, Unit A, and Unit B have individual central heating/cooling. Unit 1 has built in wall a/c units and baseboard electric heat. All units have individual meters for electric and gas. Landlord pays water but all leases have a clause to ratio bill any water bills above $150. Water/sewer usage for 2023 averaged $235/mo. Common area gas and electric charges were only $650 for 2023. West Chester Borough covers trash. Landlord opts to pay for private trash service. 2023 trash pick up was $584. Don't miss the stellar investment in the heart of West Chester borough.
| Price History | |
|---|---|
| 3/10/2024 | Listed $1,100,000 |
General Features
| Interior Features | Sprinkler System |
|---|---|
| Sewer | Public Sewer |
| Heating | 90% Forced Air,Baseboard - Electric,Forced Air |
| Cooling | Central A/C,Ceiling Fan(s),Window Unit(s) |
| Possession | Subject to Existing Lease,0-30 Days CD,31-60 Days CD,61-90 Days CD |
| Roof | Rubber,Shingle |
| Exterior Features | Sidewalks |
| Zoning | R40 |
| Architectural Style | Other |
| Construction Materials | Brick,Brick Front,Masonry,Stucco,Vinyl Siding |
| Year Built | 1900 |
| Property SubType | Quadruplex |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| OwnerPays | Insurance,Water,Sewer,Common Area Maintenance |
| Accessibility | Other |
| County | CHESTER |
| Operating Expense | 4370.00 |
| Insurance Expense | 1839.00 |
| New Construction | No |
| Property Type | Multi-Family |
| Subdivision Name | NONE AVAILABLE |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE UNDER CONTRACT |
| Directions | Corner of Darling and Washington |
| ModificationTimestamp | 2024-05-14T14:53:05 |
| City | WEST CHESTER |
| Buyer Agent Compensation | 2 |
| Disclosures | Agent Related to Owner,Agent has Financial Interest,Rental Permits |
| Total Units | 4 |
| MLS Area | West Chester Boro (10301) |
| Lot Size Square Feet | 3336.00 |
| Tax Assessed Value | 185420.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 4 |
| Street Name | DARLINGTON |
| Tax Annual Amount | 6432.0 |
| Property Condition | Excellent,Very Good,Good |
| Two Bedroom | 1 |
| Structure Type | End of Row/Townhouse |
| One Bedroom Units Count | 3 |
| Other Units | Unit 1,Unit 2,Unit 4,Unit 3 |
| Price Per Sq Ft | 353.47 |
| Acceptable Financing | Cash,Conventional,FHA,VA |
| Vacation Rental Y/N | No |
| Virtual Tour | https://www.youtube.com/playlist?list=PLRK2YQhsOSBV8QbHmToqC7_IMBICswO1T |
| Total SQFT | 3112 |
| Days on Market | 14 |
| Lease Type | Yearly |
| Standard Status | Active Under Contract |
| Year Built Source | Estimated |
| Tax Lot | 0260 |
| Total Actual Rent | 78600.00 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Basement | Front Entrance,Outside Entrance,Unfinished,Sump Pump |
| Hot Water | Electric |
| Total Stories | 3 |
| Furnished Units | None |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| LivingAreaSource | Estimated |
Exterior Features
| Pool | No Pool |
|---|---|
| Parking Features | Asphalt Driveway,Paved Parking,Surface |
| Water Source | Public |
| Total Parking Spaces | 5 |
| Type of Parking | Parking Lot |
| Land Use Code | R40 |
| Foundation Details | Stone |
| Water View Y/N | No |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 0.08 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Land Assessed Value | 27310.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Parking Lot - # of Spaces | 5 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 19380
Price
Taxes
Visits
Year Built
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