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400 Hannum Avenue

WEST CHESTER, PA 19380
  • $675,000
  • STATUS: Active Under Contract
  • ON SITE: 54 Days
  • ID#: PACT2037280
Under Contract
UPDATED: 66 min ago
$675,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,399
    SQFT
  • $153
    $/SQFT
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

School District:

Description

Value-add Mixed-Use Quadplex in West Chester Borough situated on a prominent corner lot at Hannum Ave and West Chestnut St consisting of three (3) Apartments and one (1) Retail/Commercial Space (Laundromat). 100% Occupancy -- all 4 units are fully leased, so this is a turnkey asset {3 tenants on annual leases and 1 on a MTM lease). Utilities - separate metered (natural gas/electric). Rents are substantially under market -- major rental upside exists with minor capital enhancements. It's pedestrian-friendly and located near the heart of the Borough with easy walkable access to all the Downtown amenities. The Property consists of two (2) 2BD units and one (1) 1BD unit and one (1) retail/commercial space -- the laundromat has been a 20-Yr tenant. Ample on-street parking for tenants. Inquire about financials (pro forma, rent roll, etc). All units in sound shape, Borough inspection completed last month (Nov 2022). Roof replaced approx 10 years ago and Hot Water Heaters were all replaced in the last 5-7 years. Revenue Opportunity: New Ownership can enact value-add capital enhancements to achieve top-of-market rental rates. Showing Begin on: Wednesday, Dec 14th (please schedule at least 48 hrs in advance).

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Paula Cashion | Keller Williams Central Delaware. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-02-02T11:53:17.167.
www.paulacashion.com/homes/135336043
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400 Hannum Avenue WEST CHESTER, PA 19380

  • Price: $675,000
  • Status: Active Under Contract
  • On Site: 54 Days
  • Updated: 66 min ago
  • ID#: PACT2037280
0
Beds
0
Baths
0
½ Baths
0.03
Acres
4,399
SQFT
$153
$/SQFT
1900
Built
Neighborhood:
West Chester Boro (10301)
County:
Chester
Area:
West Chester Boro (10301)
School District:
West Chester Area
Property Description
Value-add Mixed-Use Quadplex in West Chester Borough situated on a prominent corner lot at Hannum Ave and West Chestnut St consisting of three (3) Apartments and one (1) Retail/Commercial Space (Laundromat). 100% Occupancy -- all 4 units are fully leased, so this is a turnkey asset {3 tenants on annual leases and 1 on a MTM lease). Utilities - separate metered (natural gas/electric). Rents are substantially under market -- major rental upside exists with minor capital enhancements. It's pedestrian-friendly and located near the heart of the Borough with easy walkable access to all the Downtown amenities. The Property consists of two (2) 2BD units and one (1) 1BD unit and one (1) retail/commercial space -- the laundromat has been a 20-Yr tenant. Ample on-street parking for tenants. Inquire about financials (pro forma, rent roll, etc). All units in sound shape, Borough inspection completed last month (Nov 2022). Roof replaced approx 10 years ago and Hot Water Heaters were all replaced in the last 5-7 years. Revenue Opportunity: New Ownership can enact value-add capital enhancements to achieve top-of-market rental rates. Showing Begin on: Wednesday, Dec 14th (please schedule at least 48 hrs in advance).
Exterior Features

Architectural Style Other Construction Materials BrickStoneStucco Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Property Condition Average Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 4399 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Exclusions Laundromat Appliances/EquipmentTenant's Personal Property Fireplaces Total 0 Heating Hot Water Heating YN Yes Inclusions Apartment Appliances (3 Apartments Only)Window A/C Units (6) Single Room Units 1 Three Bedroom Units 0 Two Bedroom Units 2

Property Features

Accessibility Features None Assessment Year 2022 Central Air YN No Cooling Fuel None Cross Street West Chestnut St Existing Lease Type YearlyMonth To Month Heating Fuel Natural GasElectric Hot Water Natural GasOil Municipality West Chester Boro Navigable Water YN N New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Number Of Units Vacant 0 Original MLSNumber 802052120526 Ownership Interest Fee Simple Possession Immediate Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 4847.00 Tax Assessment Amount 139740.00 Tax Lot 0274 Vacation Rental YN No Water Source Public Zoning Comm/Mixed-Use

Listing courtesy of Re/Max Town & Country: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Paula Cashion | Keller Williams Central Delaware. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-02-02T11:53:17.167.
 
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