241 E Rosedale Avenue, West Chester, PA 19382-3777 $2,299,000

# of Units: 2
Interior Sq. Ft: 5,800
Acreage: 0.36
Age:44 years
Taxes: $8,026
MLS#: PACT2069216
Subdivision: West Chester Boro
Design/Type:
Detached

Description

Charming Investment Opportunity in West Chester, PA: 6-Unit Apartment Complex Discover the perfect blend of comfort and investment potential with this remarkable 6-unit apartment complex located in the heart of West Chester, PA. Consisting of two buildings, this property offers a total of six spacious and meticulously maintained units, ideal for both seasoned investors and newcomers to the real estate market. Property Features: Two Buildings: The complex comprises two separate buildings, each with its own unique charm and character. Building A: This building hosts 4 units, all generously sized with 2 bedrooms and 1 bathroom each. These units are thoughtfully designed to maximize space and natural light, offering comfortable living areas that cater to a variety of tenant needs. Each unit also features 2 assigned parking spaces. Building B: The second building features 2 units, each boasting 3 bedrooms and 1 bathroom or 1.5 baths. These larger units provide ample room for families or individuals seeking more space without compromising on location or convenience. Key Highlights: Prime Location: Situated in West Chester, PA, this property enjoys proximity to vibrant downtown amenities, renowned educational institutions, and major transportation routes, enhancing its appeal to prospective tenants. Strong Rental History: With a history of consistent occupancy and competitive rental rates, this complex represents a stable investment opportunity in a desirable rental market. Many units recently leased and brought up to market rate rent with a strong lease term. Well-Maintained: The buildings have been meticulously maintained, showcasing pride of ownership and ensuring minimal upkeep for future owners. Investment Potential: Income Generation: With six units in total, this property offers immediate income potential from day one. Expansion Opportunities: There may be potential to increase rental income through strategic upgrades or rental rate adjustments over time. Diverse Tenant Base: Appeal to a diverse range of tenants, from young professionals to families, thanks to the variety of unit sizes and configurations. Financial Snapshot: Detailed financial information available upon request, including current rental income, expenses, and potential for increased cash flow. Opportunity Knocks: Don’t miss out on this exceptional opportunity to own a well-maintained 6-unit apartment complex in West Chester, PA. Whether you’re looking to diversify your investment portfolio or expand your real estate holdings, this property promises both immediate returns and long-term growth potential. Schedule your private showing today and envision the possibilities that await with this prime real estate investment. Contact us for more information and to schedule a tour of this exceptional property.

Taxes: $8,026
Home Assoc: No
Condo Assoc: No
Buyer Agency Comp*: 2.5 % Of Gross
Garage: N
Basement:
Pool: No Pool
School Dist: West Chester Area
Elem. School: Westtown ThornburyMid. School: StetsonHigh School: Rustin
*The listing broker's offer of compensation is made only to participants of BrightMLS

Features

Utilities
Forced Air Heating, Heat Pump(s), Electric, Natural Gas, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer, Electric Available, Natural Gas Available

Garage/Parking
Driveway, Lighted Parking, Paved Parking, Private Parking

Exterior
Concrete Perimeter Foundation, Crawl Space Foundation, Brick Exterior, Vinyl Siding

Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address. Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.

Public Elementary (13 schools)

School District Grades Place Distance
Chester County Family Academy Charter School Chester County Family Academy Charter School K–2 West Chester 0.44 mi
Hillsdale Elementary School West Chester Area School District K–5 West Chester 1.32 mi
Fern Hill Elementary School West Chester Area School District K–5 West Chester 1.52 mi
Sarah W Starkweather Elementary School West Chester Area School District K–5 West Chester 1.53 mi
Glen Acres Elementary School West Chester Area School District K–5 West Chester 1.74 mi
Westtown-Thornbury Elementary School West Chester Area School District K–5 West Chester 2.35 mi
Greystone Elementary School West Chester Area School District K–5 West Chester 2.75 mi
East Bradford Elementary School West Chester Area School District K–5 West Chester 2.81 mi
Pennsylvania Leadership Charter School Pennsylvania Leadership Charter School K–12 West Chester 3.14 mi
Penn Wood Elementary School West Chester Area School District K–5 West Chester 3.48 mi
East Goshen Elementary School West Chester Area School District K–5 West Chester 3.68 mi
Pocopson Elementary School Unionville-Chadds Ford School District K–5 West Chester 4.15 mi
Mary C Howse Elementary School West Chester Area School District K–5 West Chester 4.4 mi

Public Middle (4 schools)

School District Grades Place Distance
Stetson Middle School West Chester Area School District 6–8 West Chester 1.75 mi
J R Fugett Middle School West Chester Area School District 6–8 West Chester 2.31 mi
Pennsylvania Leadership Charter School Pennsylvania Leadership Charter School K–12 West Chester 3.14 mi
E N Peirce Middle School West Chester Area School District 6–8 West Chester 3.36 mi

Public High (5 schools)

School District Grades Place Distance
West Chester Henderson High School West Chester Area School District 9–12 West Chester 1.05 mi
West Chester Bayard Rustin High School West Chester Area School District 9–12 West Chester 2.3 mi
West Chester East High School West Chester Area School District 9–12 West Chester 2.3 mi
21st Century Cyber Charter School 21st Century Cyber Charter School 6–12 West Chester 2.58 mi
Pennsylvania Leadership Charter School Pennsylvania Leadership Charter School K–12 West Chester 3.14 mi

Private (14 schools)

School Grades Place Distance
Ymca Kindergarten Academy Nonsectarian K West Chester 0.89 mi
St Agnes Catholic School Roman Catholic Preschool–8 West Chester 0.93 mi
West Chester Friends School Friends Preschool–5 West Chester 1.11 mi
St Maximilian Kolbe Parish School Roman Catholic Preschool–8 West Chester 1.75 mi
Kindercare Learning Center Nonsectarian Preschool–K West Chester 2.71 mi
Westtown School Friends Preschool–12 West Chester 2.91 mi
The Concept School Nonsectarian 8–12 West Chester 3.09 mi
Chesterbrook Academy#15 Nonsectarian Preschool–5 West Chester 3.12 mi
Chesterbrook Academy Nonsectarian 1–5 West Chester 3.12 mi
Ss Peter And Paul School Roman Catholic Preschool–8 West Chester 3.42 mi
Cidds Learning Center Nonsectarian Ungraded West Chester 3.73 mi
Ss Simon & Jude School Roman Catholic Preschool–8 West Chester 3.79 mi
Laurel Springs School Nonsectarian K–12 West Chester 4.16 mi
Christ Memorial Lutheran School Lutheran Church - Missouri Synod Preschool–K Malvern 4.99 mi

© 2024 LiveBy. All Rights Reserved.

This report is a detailed community overview for West Chester (19382), Pennsylvania.

Community Quick Facts

  • Average travel time to work for people in this community: 28
  • Average salary of people in this community: $76,823

Community Summary

  • Population Density (ppl / mile): 1,174
  • Household Size (ppl): 2.57
  • Households w/ Children: 53%

Housing Inventory

  • Owned: 14,200 (67.2%)
  • Rented: 6,011 (28.5%)
  • Vacant: 916 (4.3%)
  • Total: 21,127

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Total: 55,036
Households: 20,211
Median Age: 38.40

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature

Education

Highest Level of Education Attained

  • Less than 9th Grade: 1.2%
  • Some High School: 2.0%
  • High School Graduate: 17.3%
  • Some College: 13.6%
  • Associate Degree: 5.8%
  • Bachelor's Degree: 34.4%
  • Graduate Degree: 25.7%

Income by dollar range

Median Income: $100,207

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

  • Studio: $1,044
  • One Bedroom: $1,224
  • Two Bedroom: $1,512
  • Three Bedroom: $1,899
  • Four Bedroom: $1,436

© 2024 LiveBy. All Rights Reserved.

Contact Information

Listing Courtesy of: KW Greater West Chester , (610) 436-6500, johnpatrick@kw.com

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 7/01/2024.

241 E Rosedale Avenue, West Chester, PA 19382-3777

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