NOT LISTED FOR SALE

233 S Walnut St Kennett Square, PA 19348

-- Bed
-- Bath
-- Sq Ft
0.35 Acres

Last Sold August 14, 2013

Last sale price $537,500

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

This is your chance to own a positive cash flow property in Kennett Borough. 2 apartment buildings that contain a total of 7-units, generates $66,000 in gross rental income plus approximately $4,000 more in laundry income. Every unit is 2 bedrooms and 1 bath. There is NO VACANCY and every unit is occupied. Tenants fill any empty spaces quickly but generally tend to stay. Great location near the Kennett Athletic Fields, YMCA Pool and newer construction. 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.

(610) 256-2660 georgeplumley@springerrealtygroup.com Springer Realty Group License #RA00002470 Listed on: 10/05/2012

Springer Realty Group

Last Buyer's Agent

Massimo Criniti

mazz-halen@hotmail.com Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,402

Year Built

  • Built in 1922

Lot Details

  • 0.35 Acre Lot
  • West Facing Home
  • Property is in good condition

Home Design

  • Stucco

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

Additional Features

  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tax Lot 0267
  • Assessor Parcel Number 03-03 -0267

Community Details

Building Details

  • Income includes laundry
  • Electric Expense $2,028
  • Insurance Expense $3,582
  • Other Expense $1,600
  • Operating Expense $22,136

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,402

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property.
  • New Construction: No
  • Other Expense: 1600.00
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Fully Finished
  • Laundry Type: Common, Has Laundry
  • Street Number Modifier: 233-235

Exterior Features

  • Construction Materials: Stucco
  • 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: 2028.00
  • 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: 0.35
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 15302.00
  • Property Condition: Good
  • Zoning: R3PAO

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 72800.00
  • Income Includes: Laundry
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7

Tax Info

  • Tax Annual Amount: 8402.00
  • Assessor Parcel Number: 03-03 -0267
  • Tax Lot: 0267
  • Tax Year: 2012
  • Close Date: 08/14/2013

MLS Schools

  • School District Name: KENNETT CONSOLIDATED

Range of Values:

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List Price
Sold Price
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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 List to Sale Price per Sq Ft
08/14/2013 08/14/13 Sold $537,500 -20.4% --
05/14/2013 05/14/13 Pending -- -- --
10/05/2012 10/05/12 For Sale $675,000 -- --
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

    14 in this area

    70 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: 1003555093

Bright MLS
Pennsylvania Chester County Kennett Square 19348

233 S Walnut St, Kennett Square, PA

This home is located at 233 S Walnut St, Kennett Square, PA 19348 since 05 October 2012. This property was built in 1922. 233 S Walnut 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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