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Key Details
Sold Price $3,100,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 11,572 sqft
Price per Sqft $267
MLS Listing ID PACT2019892
Sold Date 12/30/22
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $14,529
Tax Year 2022
Property Description
Introducing 156 W. King Street in Malvern Boro! Rarely does an investment opportunity come along to purchase an 8 unit apartment building, approximately 11, 572 sq ft in the heart of Malvern Boro. These 8 NEW CONSTRUCTION (Built in 2019) luxurious and trendy boutique 2 bedroom/2 bathroom apartments offer all the amenities you could ask for! Each apartment is slightly unique and highly stylized. Additionally there is covered parking in back with electric car charging station, an elevator, separate and private entrances, plus 8 large storage lockers in basement for tenants. 2 block walk to the Malvern train station R5 line. These 8 apartments are in the heart of the downtown Malvern. Grocery shopping, clothes shopping and dining are just steps away, no need for a car. Check out Alba, Anthony's, The Flying Pig, Christopher's and Brick & Brew restaurant. NEW amenities inclusive of 9' ceilings, extra sound proofing insulation, recessed lighting, custom designed bedroom closets, window treatments, as well as, a washer and dryer in each unit. Custom craftsman style cabinets in the kitchen with plenty of top and bottom cabinetry and storage space, Granite counter tops, all Stainless steel appliances (refrigerator with ice maker and built-in water dispenser, microwave, 4 burner gas stove and oven, dishwasher and under-mount sink with garbage disposal. The light in-fused open floor plan is spacious yet cozy. All utilities separated, gas heat and central air. ALL UNITS ARE FULLY OCCUPIED and FULLY LEASED! $220,260 in Yearly Income!
Location
State PA
County Chester
Area Malvern Boro (10302)
Zoning R40 APT
Interior
Hot Water Natural Gas
Heating Forced Air, Programmable Thermostat
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 16.0
Water Access N
Roof Type Asphalt,Shingle
Accessibility Elevator, Ramp - Main Level
Total Parking Spaces 16
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Great Valley
Others
Tax ID 02-03-0029
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Debra J Clamer • RE/MAX Professional Realty