NOT LISTED FOR SALE

116 N Union St Kennett Square, PA 19348

-- Bed
-- Bath
6,142 Sq Ft
0.3 Acres

Last Sold August 14, 2013

Last sale price $562,500 $92 Per Sq Ft

221 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Kennett High School Rated A-
  • En-Suite Primary Bedroom
  • Laundry Facilities

About This Home

As of August 2013

Rare investment opportunity in Kennett Borough! This 9-unit apartment generates over $68,000 in gross rental income plus approximately $5,000 more in laundry income. There are 5 1-bedroom units, 2 2-bedroom units and 2 efficiency units. There is NO VACANCY and every unit is occupied. Tenants fill any empty spaces quickly but generally tend to stay. This is the perfect chance to own an investment property in the heart of uptown Kennett Square while making positive cash flow. Zoned R3/PAO. Possibility for rent increases and to decrease expenses. Selling as part of a 1031 Exchange.

Last Agent to Sell the Property

George P. Plumley JR.

Springer Realty Group License #RA00002470 Listed on: 10/05/2012

Springer Realty Group

Last Buyer's Agent

Massimo Criniti

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,997

Year Built

  • Built in 1901

Lot Details

  • 0.3 Acre Lot
  • East Facing Home
  • Property is in good condition

Home Design

  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 6,142 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Lot

Schools

  • Mary D Lang Kindergarten Center Elementary School
  • Kennett Middle School
  • Kennett High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 0194
  • Assessor Parcel Number 03-02 -0194

Community Details

Building Details

  • Income includes laundry
  • Electric Expense $3,080
  • Insurance Expense $3,582
  • Other Expense $1,800
  • Operating Expense $21,983

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,997

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tennants Personal Property
  • New Construction: No
  • Other Expense: 1800.00
  • Year Built: 1901
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Common, Has Laundry
  • Total Sq Ft: 6142
  • Living Area Sq Ft: 6142
  • Price Per Sq Ft: 105.83
  • Above Grade Finished Sq Ft: 6142
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 116

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 8
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Cooling: Yes
  • Electric Expense: 3080.00
  • Heating Fuel: Electric
  • Heating Type: Electric, Baseboard
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 6524.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: KENNETT CONSOLIDATED
  • Elementary School: MARY D LANG KINDERGARTEN CENTER
  • Middle School: KENNETT
  • High School: KENNETT
  • School District Key: 300200397335
  • Elementary School: MARY D LANG KINDERGARTEN CENTER
  • High School: KENNETT
  • Middle Or Junior School: KENNETT

Lot Info

  • Land Use Code: R40
  • Lot Size Acres: 0.30
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12966.00
  • Property Condition: Good
  • Zoning: R3PAO

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 74360.00
  • Income Includes: Laundry
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9
  • Single Room Units Count: 2

Tax Info

  • Tax Annual Amount: 6997.00
  • Assessor Parcel Number: 03-02 -0194
  • Tax Lot: 0194
  • Tax Year: 2012
  • Close Date: 08/14/2013

MLS Schools

  • School District Name: KENNETT CONSOLIDATED

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2013 08/14/13 Sold $562,500 -25.0% $92 / Sq Ft
05/14/2013 05/14/13 Pending -- -- --
10/05/2012 10/05/12 For Sale $750,000 -- $122 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • George P. Plumley JR.

    Seller's Agent in 2013

    George P. Plumley JR.

    Springer Realty Group

    (610) 256-2660

    18 in this area

    71 Total Sales

    George P. Plumley JR.
    Section Image

  • M

    Buyer's Agent in 2013

    Massimo Criniti

    Coldwell Banker Realty

See All Agents

Map

Source: Bright MLS

MLS Number: 1003555077

Bright MLS

Pennsylvania Chester County Kennett Square 19348

116 N Union St, Kennett Square, PA

This home is located at 116 N Union St, Kennett Square, PA 19348 since 05 October 2012. This property was built in 1901. 116 N Union St is a home located in Chester County with nearby schools including Kennett Middle School, Kennett High School, and St. Patrick School.

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