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$1,700,000

  • Sold
  • Closed
  • Single Family
  • 16 Beds
  • 5 Full Baths
  • 5,120 Sq. Ft.
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Fresh Price! Here is your rare and a much sought after opportunity to own a turn key STUDENT RENTAL investment property. Unique location in an established and pedestrian friendly residential Borough neighborhood yet walkable to campus, downtown and other area amenities. All units are fully leased/rented with parental guarantees for this and the next school year. Never a vacancy in any lease term during 19 years of ownership except for a few short landlord chosen renovation time periods. Rents are below market with value add potential with normal yearly rent increases or much more with minimal improvements, parking and storage fees. Tenant's pay all utilities including electric, heat, hot water, water, sewer and trash. Private off street parking in parking lot with plenty of on street neighborhood parking. 4 of 5 units have student rental permits in place. All units are well maintained and include two 2 bedroom units, two 3 bedroom units and one 4 bedroom unit(this unit does not have a student rental permit but ideal for an owner occupant or non-student rental). Convenient front and rear common entrances along with secure individual private entrances. 4 bedroom unit has separate side entrance. Solid standalone block, brick and stucco construction. Two on site laundry facilities and tenant storage areas. Recent upgrades to parking lot, heating system along with some appliances. Don't delay! Multiple offers expected! Ideal turnkey investment property for first time or experienced investor. For comparable sales see 513 S High St PACT2040624 and 300-302 W Barnard PACT2020922. See also #PACT2041128. See also PACT2041300, PACT2041296, PACT2041292, PACT2041252, PACT2044198 and PACT2044206.

Full Property Details for 518 W Biddle St

General

  • Sold For: $1,700,000
  • Taxes: $6,770 (2023)
  • Status: Closed
  • Type: Single Family
  • Source: BrightMLSPhilly
  • MLS ID: PACT2041164
  • Added to Site: 1, 080 day(s) ago

Interior

  • Interior Features: Carpet, Dining Area, Family Room Off Kitchen, Kitchen - Island
  • Appliances: Dryer - Electric, Oven/Range - Gas, Washer
  • Flooring: Ceramic Tile, Carpet, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Upper Floor Baths: 2
  • Upper - Full Baths: 2
  • Main Floor Baths: 2
  • Main - Full Baths: 2
  • Lower Floor Baths: 1
  • Lower - Full Baths: 1

Bedrooms

  • Total Bedrooms: 16
  • Bedrooms Upper: 6
  • Bedrooms Lower: 4
  • Bedrooms Main & Up: 6

Parking

  • Total Spaces: 6
  • Parking Features: Asphalt Driveway, Private, Shared Driveway
  • Parking Type: Off Street, On Street, Parking Lot

Location

  • Area: West Chester Boro (10301)
  • Municipality: WEST CHESTER BORO
  • County: Chester
  • Development Name: West Chester
  • Subdivision: West Chester
  • Driving Directions: From High St, West on Biddle St Property on left.
  • Direction Faces: Northwest

School Information

  • School District: West Chester Area

Heating & Cooling

  • Cooling Type: Wall Unit
  • Heating Type: Baseboard - Hot Water
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Other
  • Architectural Style: Other
  • Structure Type: Detached
  • Construction: Stucco, Block, Brick
  • Basement: Yes
  • Basement Entrance: Yes
  • Basement Desc.: Outside Entrance, Interior Access, Poured Concrete, Drainage System
  • Foundation: Block
  • Walls/Ceilings: Dry Wall
  • Entry Floor Number: 2
  • Stories/Levels: 3
  • Stories Description: Lower 1, Main, Upper 1
  • Square Feet: 5,120
  • Sq. Ft. Source: Assessor
  • Living Area: 5,120 Sq. Ft.
  • Finished Above Grnd: 5,120 Sq. Ft.
  • Year Built: 1961
  • Year Built Source: Assessor
  • Property Condition: Good

Unit Information

  • Unit Floor in Bldg.: 3

Unit 1

  • Bathrooms-Lower: 1
  • Bedrooms-Lower: 4

Lot Features

  • Lot Size (Acres): 0.22
  • Lot Size (Sq. Ft.): 9,400
  • Lot Size Source: Assessor
  • Lot Dimensions: 0.00 x 0.00
  • Zoning: R40

Financial Considerations

  • Price Per Sq. Ft.: $341.6
  • Assessment Year: 2023
  • School Tax: $4,379
  • City/TownTax: $1,503
  • City/TownTax Freq: Annually
  • County Tax: $888
  • County Tax Freq: Annually
  • Tax w/Assessment: $195,160
  • Tax Amount: $6,770
  • Tax Year: 2023
  • Terms: Standard Sale
  • Tax Total Finished Sq. Ft.: 5120

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Tenant's personal possessions
  • Inclusions: All appliances and coin operated laundry machines
  • Lot Number: 33

Listed by MAC Real Estate Services LLC, Raymond C McCool
Sold by PGM Real Estate Associates, LLC, Dan Anthony Graboyes

Listing agent

— 518 W Biddle St —

  • Raymond C McCool

    MAC Real Estate Services LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 518 W Biddle St

School District:West Chester Area School District
NameGradesDistance
East Bradford El School
820 Frank Road, West Chester, PA 19380
K-51.6 mi
E N Peirce Middle School
1314 Burke Road, West Chester, PA 19380
6-82.6 mi
West Chester Henderson High School
400 Montgomery Avenue, West Chester, PA 19380
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 518 W Biddle St

Date
Details
Price
Change
Source
7/12/2023
Sold
$1,700,000
-2.8%
MLS
5/19/2023
Price Reduced
$1,749,000
-5.46%
MLS
4/18/2023
Price Reduced
$1,850,000
-5.13%
MLS
4/06/2023
Price Reduced
$1,950,000
-6.92%
MLS
3/08/2023
Listed
$2,095,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by MAC Real Estate Services LLC, Raymond C McCool
Sold by PGM Real Estate Associates, LLC, Dan Anthony Graboyes

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518 W Biddle Street, West Chester, PA 19380 (MLS# PACT2041164) is a Single Family property that was sold at $1,700,000 on July 12, 2023. Want to learn more about 518 W Biddle Street? Do you have questions about finding other Single Family 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.