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116 N Union St, Kennett Square, PA 19348

$562,500

  • Sold
  • Closed
  • Multi-Family
  • 2 Total Beds
116 N Union St, Kennett Square, PA 19348 View this property at 116 N Union St, Kennett Square, PA 19348
116 N Union St Kennett Square PA 19348

Map & Location

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Property Description

Rare investment opportunity in Kennett Borough! This 9-unit apartment generates over $68,000 in gross rental income plus approximately $5,000 more in laundry income. There are 5 1-bedroom units, 2 2-bedroom units and 2 efficiency units. There is NO VACANCY and every unit is occupied. Tenants fill any empty spaces quickly but generally tend to stay. This is the perfect chance to own an investment property in the heart of uptown Kennett Square while making positive cash flow. Zoned R3/PAO. Possibility for rent increases and to decrease expenses. Selling as part of a 1031 Exchange.

Full Property Details for 116 N Union St

  • Sold For: $562,500
  • Taxes: $6,997 (2012)
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: 6120049
  • Added: 1, 873 day(s) ago

Property History

  • 116 N Union St, Kennett Square, PA
  • Sold at $562,500 on 8/14/13
  • Reduced to $650,000 on 10/8/12
  • Listed at $750,000 on 10/5/12

Interior

  • Interior Features: Cable TV Available

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 2

Parking

  • Parking: 8 (or More) Car Parking, Parking Lot

Location

  • Area: Kennett Square Boro
  • County: CHESTER
  • Subdivision: None Available

School Information

  • Elementary School: MARY LANG
  • Middle School: KENNETT
  • High School: KENNETT

Heating & Cooling

  • Heating Type: Electric, Baseboard

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Year Built: 1906

Unit Information

Unit 2

  • Bedrooms: 1

Unit 4

  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.3

Financial Considerations

  • Tax Amount: $6,997
  • Tax Year: 2012

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— 116 N Union St —

116 N Union St, Kennett Square, PA 19348 (MLS# 6120049) is a Multi-Family property that was sold at $562,500 on August 14, 2013. This property was sold by Massimo Criniti from our Old City Office. Want to learn more about 116 N Union St? Do you have questions about finding other Multi-Family real estate for sale in Kennett Square? You can browse all Kennett Square real estate or contact a Coldwell Banker agent to request more information.

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