Views
Address
13 S Chester Road, Swarthmore, PA
Price
$ 1,795,000
Property Attributes
- MLS#PADE2058546
- TypeMulti-Family
- CountyDELAWARE
- CitySwarthmore
- AreaSwarthmore Boro
- NeighborhoodSwarthmore
- Zip19081
- StyleDutch,Traditional
- Year Built1900
- Taxes$ 31447
- Price$ 1,795,000
- Bedrooms1
- Full Bathrooms0
- Half Bathrooms0
- 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 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 with tubs, ample closet space and wonderful location, 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, 2 baths, and external basement access. Please note that commercial spaces have potential to be joined as one large space totaling 3090 sq.ft. 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 downtown 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. Location is a prime, across from the Swarthmore train station, as well as from 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 | Central A/C,Window Unit(s) |
| Utilities | Electric Available,Natural Gas Available,Phone Available,Water Available |
| Possession | Immediate |
| Roof | Flat,Pitched |
| Exterior Features | Exterior Lighting,Fire Escape,Sidewalks,Street Lights |
| Zoning | COMMERCIAL |
| Pool Y/N | No Pool |
| Architectural Style | Dutch,Traditional |
| Security Features | Carbon Monoxide Detector(s),Fire Detection System,Main Entrance Lock,Smoke Detector |
| Construction Materials | Brick |
| Exclusions | Tenants personal property |
| Year Built | 1900 |
| View | Street |
| Property SubType | Quadruplex |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Gross Income | 123495.00 |
| OwnerPays | Insurance,Miscellaneous,Taxes - Real Estate,Trash Collection,Water |
| Accessibility | None |
| County | DELAWARE |
| Net Operating Income | 77844.00 |
| Operating Expense | 45651.00 |
| New Construction | No |
| Property Type | Multi-Family |
| Subdivision Name | SWARTHMORE |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Transportation | Airport less than 10 miles,Bus Stop less than 1 mile |
| Status | ACTIVE |
| Directions | none |
| ModificationTimestamp | 2024-01-20T10:19:22 |
| City | SWARTHMORE |
| Buyer Agent Compensation | 2.5 |
| Zoning Description | Office,retail,apartments. |
| Total Units | 4 |
| MLS Area | Swarthmore Boro (10443) |
| Lot Size Square Feet | 8000.00 |
| Tax Assessed Value | 840000.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 6 |
| Street Name | CHESTER |
| Tax Annual Amount | 31447.0 |
| Property Condition | Excellent |
| Structure Type | Detached |
| Single Room Units Count | 1 |
| One Bedroom Units Count | 1 |
| Price Per Sq Ft | 321.68 |
| Acceptable Financing | Cash,Conventional |
| Historic Y/N | No |
| Vacation Rental Y/N | No |
| Total SQFT | 5580 |
| Days on Market | 143 |
| Location Type | Downtown |
| Lease Type | Month to Month,Yearly |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 075-000 |
| Total Actual Rent | 123495.00 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Basement | Walkout Stairs,Drainage System,Interior Access,Outside Entrance,Rear Entrance,Sump Pump,Unfinished |
| Flooring | Carpet,Laminated |
| Hot Water | Natural Gas |
| Total Stories | 2 |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | ROAD |
| Central Air Y/N | Yes |
| LivingAreaSource | Estimated |
Exterior Features
| Parking Features | Assigned,Paved Parking,Private |
|---|---|
| Water Source | Public |
| Total Parking Spaces | 6 |
| Type of Parking | Off Street,Parking Lot |
| Foundation Details | Stone |
| Water View Y/N | No |
| # of Assigned Spaces | 6 |
| Lot Dimensions | 50.00 x 160.00 |
| Lot Size Acres | 0.18 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Land Assessed Value | 329540.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Parking Lot - # of 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 Multi-Family Average in 19081
Price
Taxes
Visits
Year Built
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