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Key Details
Sold Price $830,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 6,664 sqft
Price per Sqft $124
Subdivision None Available
MLS Listing ID PACT529672
Sold Date 04/07/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1964
Annual Tax Amount $11,565
Tax Year 2020
Lot Size 8,835 Sqft
Acres 0.2
Lot Dimensions 0.00 x 0.00
Property Description
UPDATE: Due to the amount of interest, please submit your offer by Tuesday 3/2 by 5 pm. INVESTMENT OPPORTUNITY: There will only be TWO showings: Tuesday 2/23 10-12 PM; Saturday 2/27 10-12 PM. Due to COVID and the privacy of the tenants, you must register for the showings. Contact the listing agent register. All offers must be submitted by 5:00 PM on Tuesday 3/2. Investors, if capital gains are rolled over from other investments to purchase this 8-unit apartment building, located inside Coatesville's Qualified Opportunity Zone, there are three primary tax benefits investors can reap. For further information regarding how to save capital gain taxes in the Qualified Opportunity Zone, please go to www.2ndcenturyalliance.org and click on the Opportunity Zones tab at the top of the page. All 8 units are occupied and in good condition. Each unit has 2 bedrooms, 1 bath, kitchen with dishwasher, living room, and washer/dryer. There is a maintenance room for the owner's tools and furnaces for each unit on the back of the building. Installed new roof in 2016, resurfaced parking lot in 2020, new washer/dryer every unit 2015, new dishwashers every unit 2014, and new retaining wall in 2019. The property offers off street parking. The tenants pay all unit utilities. Owner pays for trash, recycling, and outdoor lighting. Don't let this opportunity pass by. Listing agent must accompany all showings - notice will be required for showings. Please respect Tenant's privacy during the showings. To register for the showings please contact your agent or listing agent.
Location
State PA
County Chester
Area Coatesville City (10316)
Zoning RESIDENTIAL NEIGHBORHOOD
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling None
Flooring Laminated, Vinyl
Heat Source Natural Gas
Exterior
Garage Spaces 8.0
Water Access N
Roof Type Tar/Gravel
Accessibility Doors - Swing In
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Coatesville Area
Others
Tax ID 16-09 -0014
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Gary D Nichols • Absolute Real Estate Chesco