NOT LISTED FOR SALE

301 N Darlington St West Chester, PA 19380

-- Bed
-- Bath
3,112 Sq Ft
3,336 Sq Ft Lot

Last Sold June 03, 2024

Last sale price $1,070,000 $344 Per Sq Ft

13 Days on Market

Highlights

  • Brick Front
  • 90% Forced Air Heating and Cooling System
  • Electric Baseboard Heater
  • Penn Wood Elementary School Rated A-
  • Ceiling Fan
  • Property is in excellent condition

About This Home

As of June 2024

House hackers and Investors! Check out this prime investment opportunity for a well kept West Chester borough quadplex! Student housing permits and off street parking in the heart of town. 2 of the 4 units units are authorized for student rentals and can be rented to either students or non-students. All units are rented and performing excellently. Building has not had any vacancy except for short periods of renovations between tenants. All units have been well kept by the current owner. Unit 1 is a student authorized 1 bedroom/1 bathroom currently rented for $1,425. New lease signed for $1,450 starting in June. Unit 2 is student authorized 2 bedroom/1 bathroom rented for $1,950 with a new lease signed for $2,100 starting May. 2 off street parking spots are assigned to this unit. This spacious unit spans 2 stories and has in unit laundry. Unit A is rented for $1,300 to long time tenants. It is a similar floor plan to Unit B which rents for $1,700. Tall ceilings, big bedroom, 1 off street parking spot, and in-unit laundry. Unit B is rented for $1,700 and has not had a rent increase in 2 years. Newly renovated, tall ceilings, big bedroom, 1 off street parking spot and in-unit laundry. Unit 2, Unit A, and Unit B have individual central heating/cooling. Unit 1 has built in wall a/c units and baseboard electric heat. All units have individual meters for electric and gas. Landlord pays water but all leases have a clause to ratio bill any water bills above $150. Water/sewer usage for 2023 averaged $235/mo. Common area gas and electric charges were only $650 for 2023. West Chester Borough covers trash. Landlord opts to pay for private trash service. 2023 trash pick up was $584. Don't miss the stellar investment in the heart of West Chester borough.

Last Agent to Sell the Property

John Knisely

(484) 441-3075 john@mediahomepro.com Keller Williams Real Estate - Media License #RS-0025871 Listed on: 03/14/2024

Keller Williams Real Estate - Media

Co-Listed By

Samed Rizvi

(908) 510-0186 samedrizvi@gmail.com Keller Williams Real Estate - Media License #RS359388

Last Buyer's Agent

Robert Hughes

(484) 410-9765 robsellsre@aol.com Long & Foster Real Estate, Inc. License #AB065650

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,432

Year Built

  • Built in 1900

Lot Details

  • 3,336 Sq Ft Lot
  • Sprinkler System
  • Property is in excellent condition

Home Design

  • Quadruplex
  • Stone Foundation
  • Shingle Roof
  • Rubber Roof
  • Vinyl Siding
  • Brick Front
  • Masonry
  • Stucco

Interior Spaces

  • 3,112 Sq Ft Home
  • Ceiling Fan

Unfinished Basement

  • Front Basement Entry
  • Sump Pump

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Paved Parking
  • Parking Lot
  • Surface Parking

Utilities

  • 90% Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for insurance, water, sewer, common area maintenance
  • Tax Lot 0260
  • Assessor Parcel Number 01-04 -0260

Community Details

Overview

  • 4 Units
  • 3-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $1,839
  • Operating Expense $4,370
  • Gross Income $78,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,432

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: End Of Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2024-03-15
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: House hackers and Investors! Check out this prime investment opportunity for a well kept West Chester borough quadplex! Student housing permits and off street parking in the heart of town. 2 of the 4 units units are authorized for student rentals and can be rented to either students or non-students. All units are rented and performing excellently. Building has not had any vacancy except for short periods of renovations between tenants. All units have been well kept by the current owner. Unit 1 is a student authorized 1 bedroom/1 bathroom currently rented for $1,425. New lease signed for $1,450 starting in June. Unit 2 is student authorized 2 bedroom/1 bathroom rented for $1,950 with a new lease signed for $2,100 starting May. 2 off street parking spots are assigned to this unit. This spacious unit spans 2 stories and has in unit laundry. Unit A is rented for $1,300 to long time tenants. It is a similar floor plan to Unit B which rents for $1,700. Tall ceilings, big bedroom, 1 off street parking spot, and in-unit laundry. Unit B is rented for $1,700 and has not had a rent increase in 2 years. Newly renovated, tall ceilings, big bedroom, 1 off street parking spot and in-unit laundry. Unit 2, Unit A, and Unit B have individual central heating/cooling. Unit 1 has built in wall a/c units and baseboard electric heat. All units have individual meters for electric and gas. Landlord pays water but all leases have a clause to ratio bill any water bills above $150. Water/sewer usage for 2023 averaged $235/mo. Common area gas and electric charges were only $650 for 2023. West Chester Borough covers trash. Landlord opts to pay for private trash service. 2023 trash pick up was $584. Don't miss the stellar investment in the heart of West Chester borough.
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Sprinkler System
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Front Entrance, Outside Entrance, Unfinished, Sump Pump
  • Total Sq Ft: 3112
  • Living Area Sq Ft: 3112
  • Price Per Sq Ft: 353.47
  • Above Grade Finished Sq Ft: 3112
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 301

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Brick Front, Masonry, Stucco, Vinyl Siding
  • Exterior Features: Sidewalks
  • Roof: Rubber, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway, Paved Parking, Surface
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 5

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s), Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air, Baseboard - Electric, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: WEST CHESTER AREA
  • School District Key: 300200397342
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R40
  • Lot Size Acres: 0.08
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3336.00
  • Property Condition: Excellent, Very Good, Good
  • Year Assessed: 2023
  • Zoning: R40

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Insurance, Water, Sewer, Common Area Maintenance
  • Total Actual Rent: 78600.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 4160.00
  • Tax Annual Amount: 6432.00
  • Assessor Parcel Number: 01-04 -0260
  • Tax Lot: 0260
  • Tax Total Finished Sq Ft: 3112
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 06/03/2024

Multi Family

  • Gross Scheduled Income: 78600.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 4370.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: WEST CHESTER AREA

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 List to Sale Price per Sq Ft Prior Sale
06/03/2024 06/03/24 Sold $1,070,000 -2.7% $344 / Sq Ft
03/14/2024 03/14/24 For Sale $1,100,000 +57.1% $353 / Sq Ft
09/30/2020 09/30/20 Sold $700,000 +1.4% $210 / Sq Ft View Prior Sale
07/09/2020 07/09/20 Price Changed $690,000 +0.7% $207 / Sq Ft
07/07/2020 07/07/20 For Sale $685,000 -- $205 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Knisely

    Seller's Agent in 2024

    John Knisely

    Keller Williams Real Estate - Media

    (484) 441-3075

    1 in this area

    125 Total Sales

    John Knisely
    Section Image
  • Samed Rizvi

    Seller Co-Listing Agent in 2024

    Samed Rizvi

    Keller Williams Real Estate - Media

    (908) 510-0186

    1 in this area

    11 Total Sales

    Samed Rizvi
    Section Image
  • Robert Hughes

    Buyer's Agent in 2024

    Robert Hughes

    Long & Foster

    (484) 410-9765

    26 in this area

    78 Total Sales

    Robert Hughes
    Section Image

  • S

    Seller's Agent in 2020

    Shaun Lyons

    Tri State Commercial Precision, LLC

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PACT2061610

Bright MLS
Pennsylvania Chester County West Chester 19380

301 N Darlington St, West Chester, PA

This home is located at 301 N Darlington St, West Chester, PA 19380 since 14 March 2024. This property was built in 1900. 301 N Darlington St is a home located in Chester County with nearby schools including Penn Wood Elementary School, Stetson Middle School, and Bayard Rustin High School.

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