Description
Fresh price! Here is your rare and much sought after opportunity to own a Student Rental Investment Property in a highly visible historic town center location steps from downtown amenities yet very convenient and close to campus. Seller desires to sell 24 S Church St together with 24 S Church St. Both properties include 2 fully rented retail store fronts, 5 student permitted apartments and a 10 car private parking lot . This is a prime investment real estate investment opportunity you can't pass up. 22 S Church St contains a leased retail space with a 1 bedroom apartment and two large 3 bedroom apartments. 24 S Church St has a leased retail space with a 1 bedroom apartment and two large 3 bedroom apartments along with spacious covered porches in the rear for extra outdoor amenity space. All units are fully leased for the next lease term with tenants paying all utilities electric, hot water, heat, water, sewer and trash. Never a vacancy in 14 years of ownership except for short landlord chosen time periods to enhance value. Value add potential with minimal improvements and parking fees. Recent upgrades to electric and fire alarm system. Also recent conversion from oil to natural gas heating system in both properties. Don't delay! Multiple offers expected! Don't miss this unique and premier real estate investment opportunity in one of the most ideal locations for a mixed use student rental property in the Borough! For comparable sales see 513 S High St PACT2040624 and 300-302 W Barnard St PACT2020922.See also PACT2041252, PACT2041292, PACT2044198, PACT2044206, PACT2041128 and PACT2041164.
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01/2 BATHS
Description
Fresh price! Here is your rare and much sought after opportunity to own a Student Rental Investment Property in a highly visible historic town center location steps from downtown amenities yet very convenient and close to campus. Seller desires to sell 24 S Church St together with 24 S Church St. Both properties include 2 fully rented retail store fronts, 5 student permitted apartments and a 10 car private parking lot . This is a prime investment real estate investment opportunity you can't pass up. 22 S Church St contains a leased retail space with a 1 bedroom apartment and two large 3 bedroom apartments. 24 S Church St has a leased retail space with a 1 bedroom apartment and two large 3 bedroom apartments along with spacious covered porches in the rear for extra outdoor amenity space. All units are fully leased for the next lease term with tenants paying all utilities electric, hot water, heat, water, sewer and trash. Never a vacancy in 14 years of ownership except for short landlord chosen time periods to enhance value. Value add potential with minimal improvements and parking fees. Recent upgrades to electric and fire alarm system. Also recent conversion from oil to natural gas heating system in both properties. Don't delay! Multiple offers expected! Don't miss this unique and premier real estate investment opportunity in one of the most ideal locations for a mixed use student rental property in the Borough! For comparable sales see 513 S High St PACT2040624 and 300-302 W Barnard St PACT2020922.See also PACT2041252, PACT2041292, PACT2044198, PACT2044206, PACT2041128 and PACT2041164.
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