Views
Address
13 S Chester Road, Swarthmore, PA
Price
$ 1,795,000
Property Attributes
- MLS#PADE2058276
- TypeCommercial
- CountyDELAWARE
- CitySwarthmore
- AreaSwarthmore Boro
- NeighborhoodSwarthmore
- Zip19081
- StyleApartment Building,/General Retail
- Year Built1900
- Taxes$ 31450
- Price$ 1,795,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5580
- Lot Size7,841 SqFt
Data Source:
Bright MLS
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.
| Price History | |
|---|---|
| 12/10/2023 | Listed $1,795,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Window Unit(s),Central A/C |
| Utilities | Electric Available,Natural Gas Available |
| Possession | Immediate |
| Roof | Flat,Pitched |
| Zoning | COMMERCIAL |
| Security Features | Smoke Detector,Carbon Monoxide Detector(s),Fire Detection System |
| Construction Materials | Brick |
| Exclusions | Tenants personal property |
| Year Built | 1900 |
| View | Street |
| Property SubType | Mixed Use |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Gross Income | 123495.00 |
| Business Type | Apartment Building,Other/General Retail |
| Accessibility | None |
| County | DELAWARE |
| Net Operating Income | 45651.00 |
| Operating Expense | 45651.00 |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | SWARTHMORE |
| Water Access Y/N | No |
| Property Use | Investment |
| Transportation | Commuter Rail Station less than 1 mile,Bus Stop less than 1 mile |
| Status | ACTIVE |
| Directions | none |
| ModificationTimestamp | 2024-01-20T10:18:38 |
| City | SWARTHMORE |
| Buyer Agent Compensation | 2.5 |
| Zoning Description | Commercial,retail,apartments. |
| Total Units | 6 |
| MLS Area | Swarthmore Boro (10443) |
| Lot Size Square Feet | 8000.00 |
| Tax Assessed Value | 840000.0 |
| Waterfront Y/N | No |
| Street Name | CHESTER |
| Tax Annual Amount | 31450.0 |
| Property Condition | Excellent |
| Price Per Sq Ft | 321.68 |
| Acceptable Financing | Cash,Conventional |
| Historic Y/N | No |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 143 |
| Location Type | Downtown |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 075-000 |
| Total Actual Rent | 123495.00 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Flooring | Laminated,Carpet |
| Hot Water | Natural Gas |
| Total Stories | 2 |
| Heating Y/N | Yes |
| Street Suffix | ROAD |
| Central Air Y/N | Yes |
| Total Restrooms | 7 |
Exterior Features
| Parking Features | Paved Parking,Private |
|---|---|
| Water Source | Public |
| Total Parking Spaces | 6 |
| Type of Parking | Parking Lot |
| Foundation Details | Stone |
| Water View Y/N | No |
| Building Area Total | 5580.00 |
| Lot Dimensions | 50.00 x 160.00 |
| Lot Size Acres | 0.18 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Road Responsibility | Boro/Township |
| Land Assessed Value | 329540.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Fencing Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 6 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19081
Price
Taxes
Visits
Year Built
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