ATTENTION INVESTORS! 3 townhomes, each are 2 bedroom, 1 and 1/2 bath being SOLD AS A PACKAGE. Two with SUDENT RENTAL PERMITS, the other a long term lease.. 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.)
Sold for $830,000
Street View
$830,000
620 S Franklin St #D39-a-11, West Chester, PA 19382
6beds
2,640sqft
Townhouse
Built in 1970
-- sqft lot
$899,800 Zestimate®
$314/sqft
$4,186 Estimated rent
Home value
$899,800
$837,000 - $972,000
$4,186/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Tom Kerrigan 610-322-9514,
RE/MAX Direct
Bought with:
Dan Larson, RS350651
Keller Williams Real Estate -Exton
Source: Bright MLS,MLS#: PACT2085138
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 3
- 1/2 bathrooms: 3
- Main level bathrooms: 3
Rooms
- Room types: Laundry
Heating
- Baseboard, Electric
Cooling
- Wall Unit(s), Electric
Appliances
- Included: Washer, Dishwasher, Disposal, Refrigerator, Electric Water Heater
- Laundry: Upper Level, Laundry Room
Features
- Dining Area
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,640
- Total interior livable area: 2,640 sqft
- Finished area above ground: 2,640
Property
Parking
- Parking features: Off Street, On Street, Parking Lot
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
Details
- Additional structures: Above Grade
- Parcel number: 0110 0337
- Zoning: NC2
- Zoning description: Neighborhood conservation 2
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Colonial
- Property subtype: Townhouse
Materials
- Brick, Stucco
- Foundation: Crawl Space
Condition
- Good
- New construction: No
- Year built: 1970
- Major remodel year: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Condo and coop fee: $275 monthly
- Subdivision: Ramsgate
HOA
- Has HOA: No
- Amenities included: None
- Services included: Insurance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Maintenance Grounds, Management, Reserve Funds, Sewer, Snow Removal, Trash, Water
Location
- Region: West Chester
- Municipality: WEST CHESTER BORO
Financial & listing details
- Price per square foot: $314/sqft
- Tax assessed value: $162,900
- Annual tax amount: $5,712
- Date on market: 10/18/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
- Inclusions: All Appliances In As Is Condition. Washers, Dryers, Refrigerators
- Exclusions: Tenants' Air Conditioners.
- Ownership: Condominium
- Total actual rent: 78000
Price history
| Date | Event | Price |
|---|---|---|
| 11/14/2024 | Sold | $830,000-5.1%$314/sqft |
Source:  Bright MLS #PACT2085138 Report a problem | ||
| 10/18/2024 | Pending sale | $875,000$331/sqft |
Source: Bright MLS #PACT2085138 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 19382
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Nearby schools
GreatSchools rating
- 8/10Westtown-Thornbury El SchoolGrades: K-5Distance: 2.5 mi
- 6/10Stetson Middle SchoolGrades: 6-8Distance: 1.9 mi
- 8/10West Chester Bayard Rustin High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- District: West Chester Area
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$899,800
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Estimated market value
$899,800
- Pennsylvania
- Chester County
- West Chester
- 19382
- 620 S Franklin St Unit D39-a-11
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