620 Franklin
West Chester, PA 19382
- – beds
- – baths
- 2,640 sqft
- 871 sqft lot
- $314 per sqft
- 1970 build
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ATTENTION INVESTORS! 3 townhomes being SOLD AS A PACKAGE. 2 with STUDENT RENTAL PERMITS. Attractive, recently updated. Units A-10, A-11 and D-39 at Ramsgate, a student  townhouse community. Walking distance to West Chester  University. Two have STUDENT RENTAL PERMITS, the third is leased to non students. Low taxes and low condo fee. All utilities are paid by tenants or condo association. Gross rent $78,000, expenses $16,613 for an NOI of $61,387. Cap rate 7.0%. Condo handles exterior maintenance and there is always a waiting list of tenants. (Gross rent scheduled to increase to $82,800 for next school year.)
Listing courtesy of BRIGHT / RE/MAX Direct
Last checked:
Checking…
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Last updated Nov 14, 2024
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MLS# PACT2078446 —
The Building
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Year Built:1970
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Year Built Source:Estimated
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Year Major Reno/Remodel:2022
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New Construction:No
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Construction Materials:Block, Stucco, Brick
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Structure Type:End of Row/Townhouse
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Architectural Style:Colonial
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Historic:No
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Building Units Total:3
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Roof:Pitched
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Accessibility Features:None
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Foundation Details:Slab
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Basement:No
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Total SqFt Source:Estimated
Interior
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Interior Features:Dining Area
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Room Count:5
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:2640
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Living Area SqFt:2,640 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash
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Buyer Financing:Cash
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Possession:Subject to Existing Lease
Location
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Directions:South on S Franklin to Linden St
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Cross Street:LINDEN
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Latitude:39.95555400
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Longitude:-75.59400100
The Property
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Property Subtype:Triplex
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Property Type:Multi-Family
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Property Condition:Good
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Lot Size Units:Square Feet
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Lot Size Acres:0.02
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Lot Size Source:Estimated
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Lot SqFt:871 Sqft
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Zoning:NC2
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Other Structures:Above Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:R50
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (610) 322-9514
- Office phone:
- (610) 430-8100
Taxes
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Tax ID Number:01-10 -0337
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Tax Year:2024
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Tax Lot:0337
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Tax Annual Amount:$5,698
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Tax Assessed Value:$54,300
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School Tax:3639.0
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County Tax:738.00
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City/Town Tax:1311.00
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Total Taxes Payment Frequency:Annually
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Baseboard - Electric
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Heating Fuel:Electric
Utilities
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Utilities:Cable TV
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Appliances
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Appliances:Dishwasher, Disposal
Schools
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School District Name:West Chester Area
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School District Source:3rd Party
The Community
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Subdivision Name:Ramsgate
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Pool:No Pool
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Cap Rate:7.00
Parking
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Total Garage and Parking Spaces:3
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Garage:No
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Type of Parking:Off Street, On Street
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Off Street - # of Spaces:3
Extra Units
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Other Units:Unit 1,Unit 2,Unit 3
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Vacation Rental:No
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Two Bedroom Units:3
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/14/24
Nov 14, 2024
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Sold | BRIGHT | $830,000 | -5.1% |
10/18/24
Oct 18, 2024
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Pending | BRIGHT | $875,000 |