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13-15 S Chester Road

SWARTHMORE, PA 19081
  • $1,795,000
  • STATUS: Active
  • ON SITE: 74 Days
  • ID#: PADE2058276
$1,795,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

Description

Prime Investment Opportunity in the Heart of Swarthmore ! Welcome to 13-15 South Chester Road, a prestigious, well maintained, 4-unit apartment building with 2 commercial spaces located in the bustling commercial district of Swarthmore. This unique property offers an exceptional investment opportunity with its prime location, potential for additional rental income, and recent upgrades. Each of the four one-bedroom, one-bathroom units offers a desirable layout with functional kitchens, full baths, ample closet space, providing residents with comfortable and practical living spaces. With stable annual leases for the residential units, this property offers a reliable income stream for investors. Two, street-level commercial spaces provide an ideal opportunity for businesses to thrive in a vibrant and high-traffic area. Brooklyn Exotics has a large store front, plus several storage rooms in the back, along with full bath and internal basement access. Pilates Connexion has beautifully set up main space, two baths, and external basement access. Please note that commercial spaces have potential to be joined as one large space totaling 3090 sqft. Currently, all units are occupied, showcasing the property's attractiveness to long-term tenants. In the bustling downtown area of Swarthmore, where parking can often be a challenge, this property stands out with its offering of private assigned parking for each unit. Residents can enjoy the convenience and peace of mind that comes with having dedicated parking spaces, ensuring easy access and alleviating the typical parking concerns associated with urban living. There is also potential with unused space on the third floor ( approx 2/3 size of 2nd floor footage) with possible expanding the rental portfolio and increasing revenue. Buyer will have to go thru approval and obtain permits from Township.- New Underground Sewage System ( August 2023): A recent upgrade to the building's infrastructure ensures modern functionality and peace of mind for both residents and commercial tenants.- Detailed income and expense information is available for review, providing transparency and confidence for potential investors. The existing rents, currently under market value, present a compelling opportunity for potential buyers to increase rental income. Location is a prime, across from the Swarthmore train station as well as prestigious Swarthmore College campus. Contact us today to learn more about this prime property and take the next step towards securing a valuable asset in a thriving community.

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©2024 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 JW Real Estate, LLC. 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: 2024-02-22T18:02:41.503.
www.jwre-pa.com/homes/145965011
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13-15 S Chester Road SWARTHMORE, PA 19081

  • Price: $1,795,000
  • Status: Active
  • On Site: 74 Days
  • ID#: PADE2058276
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1900
Built
Neighborhood:
Swarthmore
County:
Delaware
Area:
Swarthmore Boro (10443)
School District:
Wallingford-Swarthmore
Property Description
Prime Investment Opportunity in the Heart of Swarthmore ! Welcome to 13-15 South Chester Road, a prestigious, well maintained, 4-unit apartment building with 2 commercial spaces located in the bustling commercial district of Swarthmore. This unique property offers an exceptional investment opportunity with its prime location, potential for additional rental income, and recent upgrades. Each of the four one-bedroom, one-bathroom units offers a desirable layout with functional kitchens, full baths, ample closet space, providing residents with comfortable and practical living spaces. With stable annual leases for the residential units, this property offers a reliable income stream for investors. Two, street-level commercial spaces provide an ideal opportunity for businesses to thrive in a vibrant and high-traffic area. Brooklyn Exotics has a large store front, plus several storage rooms in the back, along with full bath and internal basement access. Pilates Connexion has beautifully set up main space, two baths, and external basement access. Please note that commercial spaces have potential to be joined as one large space totaling 3090 sqft. Currently, all units are occupied, showcasing the property's attractiveness to long-term tenants. In the bustling downtown area of Swarthmore, where parking can often be a challenge, this property stands out with its offering of private assigned parking for each unit. Residents can enjoy the convenience and peace of mind that comes with having dedicated parking spaces, ensuring easy access and alleviating the typical parking concerns associated with urban living. There is also potential with unused space on the third floor ( approx 2/3 size of 2nd floor footage) with possible expanding the rental portfolio and increasing revenue. Buyer will have to go thru approval and obtain permits from Township.- New Underground Sewage System ( August 2023): A recent upgrade to the building's infrastructure ensures modern functionality and peace of mind for both residents and commercial tenants.- Detailed income and expense information is available for review, providing transparency and confidence for potential investors. The existing rents, currently under market value, present a compelling opportunity for potential buyers to increase rental income. Location is a prime, across from the Swarthmore train station as well as prestigious Swarthmore College campus. Contact us today to learn more about this prime property and take the next step towards securing a valuable asset in a thriving community.
Exterior Features

Construction Materials Brick Garage YN No Location Type Downtown Parking Features Paved ParkingPrivate Parking Types Parking Lot Property Condition Excellent Riparian Rights YN No Road Responsibility Boro/Township Roof FlatPitched View Street Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 5580.00 Cooling Window Unit(s)Central A/C Exclusions Tenants personal property Flooring LaminatedCarpet Heating Forced Air Heating YN Yes Net Square Feet 5580.00 Security Features Smoke DetectorCarbon Monoxide Detector(s)Fire Detection System

Property Features

Acceptable Financing CashConventional Accessibility Features None Annual Gross Expense 77844.00 Assessment Year 2023 Business Type Apartment BuildingOther/General Retail Central Air YN Yes Cooling Fuel Electric Foundation Details Stone Gross Income 123495.00 Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Lease Considered YN No Municipality SWARTHMORE BORO Navigable Water YN N Net Operating Income 45651.00 New Construction YN No Number Of Units Total 6 Operating Expense 45651.00 Operating Expense Includes ElectricHeating/CoolingInsurancePest ControlRepair/MaintenanceSewerTrashWaterOther Original MLSNumber 802763443472 Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 31450.00 Tax Assessment Amount 840000.00 Tax Lot 075-000 Total Actual Rent 123495.00 Transportation Commuter Rail Station less than 1 mileBus Stop less than 1 mile Utilities Electric AvailableNatural Gas Available Vacation Rental YN No Water Source Public Zoning COMMERCIAL Zoning Description Commercialretailapartments.

Listing courtesy of Compass Pennsylvania, LLC: .


©2024 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 JW Real Estate, LLC. 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: 2024-02-22T18:02:41.503.
 
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JW Real Estate, LLC
226 W Market St
West Chester PA, 19382