513 S WALNUT STREET, West Chester, Pennsylvania, United States, 19382
Sold for:
Sale price:
665,000
Closed
4,950
About the property:
Classic and hard to find west chester boro Triplex- 3 unit apartment building with 2 car garage and yard. Consisting of 3 one bedroom, 1 bath units - 1 apt on each floor for functional layout. Nice value add property with one unit (apt 2) just becoming available allowing the new owner to renovate and lease themselves or live there as an owner investor. Fully leased cap rate of 6.6%. $57,000 projected fully leased income with low operating expenses of $13,000 for an NOI of $44,000. Washer/dryer in basement and large garage in back alley for additional options. West Chester boro named one of the world’s most perfect small towns creating for a sound long term real estate investment.
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