303 S High Street, West Chester, PA 19382 - Photo 1

1/1

$1,820,000

Sold
Closed
Apartment

1/1

Property Description

Rare and a much sought after opportunity to own a turn key 5 unit STUDENT RENTAL in highly desirable prime location less than 3 blocks from campus with commercial and retail amenities across the street and close to downtown. All units are fully leased. Property was completely renovated to accommodate student rentals. Never a vacancy in any lease term during current 26 year ownership except for Landlord chosen renovations. Value add income potential with excellent rental increase upside due to extreme undersupply of student rental units. All utilities are separated with central air and heat. Tenant's pay all utilities including electric, heat, hot water, sewer and trash. Includes a separate coin operated laundry facility offering access to adjoining property for additional revenue. Full unfinished basement for storage and other possible additional amenities. Grandfathered yard signage in front of property with high traffic count visibility. Possible opportunity to purchase fully leased adjoining property under same ownership-315 S High St also a rare student rental zoned as 8 unit 17 person rooming house at a later date. Take advantage of an extremely strong student rental market with an ideal turnkey student rental investment property!

Full Property Details

Full Property Details for 303 S High St

General

Sold For: $1,820,000
Taxes: $6,881 (2024)
Status: Closed
Type: Apartment
Source: BrightMLSPhilly
MLS ID: PACT2070036
Added to Site: 641 day(s) ago

Business

Business Type: Apartment Building

Interior

Flooring: Ceramic Tile, Vinyl

Parking

Parking Type: On Street

Location

Area: West Chester Boro (10301)
Municipality: WEST CHESTER BORO
County: Chester
Cross Streets: Union and Barnard Streets
Driving Directions: From West Chester Town. Center, South on South High St Property on left after Barnard St before Union St.
Location Details: Downtown

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C, Multi Units
Cooling Fuel: Electric
Heating Type: Hot Water
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Brick, Vinyl Siding, Frame
Roof: Flat, Shingle
Entry Floor Number: 1
Stories/Levels: 3
Year Built: 1900
Year Built Source: Assessor
Property Condition: Average

Unit Information

# Tenants: Multiple

Lot Features

Property View: Street
Lot Size (Acres): 0.09
Lot Size (Sq. Ft.): 3,976
Lot Size Source: Assessor
Lot Dimensions: 0.00 x 0.00
Fence: Yes
Zoning: TOWN CENTER DISTRICT

Financial Considerations

Price Per Sq. Ft.: $452.48
Assessment Year: 2024
School Tax: $4,401
City/TownTax: $1,587
City/TownTax Freq: Annually
County Tax: $892
County Tax Freq: Annually
Tax w/Assessment: $196,180
Tax Amount: $6,881
Tax Year: 2024

Disclosures and Reports

Ownership: Fee Simple
Exclusions: Tenant's personal property
Lot Number: 917

Listed by MAC Real Estate Services LLC, Raymond C McCool
Sold by RE/MAX Direct, Thomas Kerrigan

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Listing agent

— 303 S High St —

Raymond C McCool

MAC Real Estate Services LLC

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Schools

Schools serving 303 S High St

School District:West Chester Area School District

Name	Grades	Distance
East Goshen El School 800 North Chester Road, West Chester, PA 19380	K-5	3.8 mi
J R Fugett Middle School 500 Ellis Lane, West Chester, PA 19380	6-8	2.4 mi
West Chester East High School 450 Ellis Lane, West Chester, PA 19380	9-12	2.5 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 303 S High St

Date

Details

Price

Change

Source

11/15/2024

Sold

$1,820,000

-13.13%

MLS

9/12/2024

Price Reduced

$2,095,000

-4.56%

MLS

7/11/2024

Listed

$2,195,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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303 S High Street, West Chester, PA 19382 (MLS# PACT2070036) is a Apartment property that was sold at $1,820,000 on November 15, 2024. Want to learn more about 303 S High Street? Do you have questions about finding other Apartment real estate for sale in West Chester? You can browse all West Chester real estate or contact a Coldwell Banker agent to request more information.

303 S High St West Chester, PA 19382