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Key Details
Sold Price $635,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,328 sqft
Price per Sqft $190
MLS Listing ID PACT2001420
Sold Date 09/21/21
Style Farmhouse/National Folk
HOA Y/N N
Abv Grd Liv Area 3,328
Originating Board BRIGHT
Year Built 1760
Annual Tax Amount $8,760
Tax Year 2021
Lot Size 1.400 Acres
Acres 1.4
Lot Dimensions 0.00 x 0.00
Property Description
Rare 6 unit opportunity in New Garden Twp, Kennett Schools. 7.62% cap rate which includes allowances for cap ex, vacancy and maintenance. Main house features 2 units (upstairs and downstairs) which are oil heat with natural gas hookup stubbed to the side of the house. Main house unit 5 is rented at $1595 per month (2 Bedrooms) with washer and dryer on-site, lease expires April 2022. Main house unit 6 is rented at $1495 per month (2/3 Bedrooms) with washer dryer on-site, lease expires May 2023. Adjacent to the main house is a converted barn which features 4 units. Barn unit 3 is a 1 Bedroom efficiency rented out at $500 per month, lease is month to month. Barn unit 4 is rented at $1295 per month (2 Bedrooms) with washer dryer on-site, lease expires April 2022. Barn unit 2 is a 2 Bedroom, currently under renovation, which will be rented out at $1100 per month. Barn unit 1 is a 2 Bedroom, currently month to month, rented at $650 per month. Barn units all feature natural gas and individual electric meters. Entire site features public water/on-site septic and electric upgrades recently made to the entire property. More details available upon request.
Location
State PA
County Chester
Area New Garden Twp (10360)
Zoning R20
Rooms
Basement Full, Unfinished
Interior
Hot Water Electric
Heating Hot Water
Cooling Central A/C
Heat Source Oil, Natural Gas, Natural Gas Available
Exterior
Garage Spaces 14.0
Water Access N
Roof Type Asphalt
Accessibility None
Total Parking Spaces 14
Garage N
Building
Sewer On Site Septic
Water Public
Architectural Style Farmhouse/National Folk
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Kennett Consolidated
Others
Tax ID 60-03 -0037.0200
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Christian J Kriza • Beiler-Campbell Realtors-Kennett Square