CHARIS REALTY GROUP

Side-by-Side

315 S HIGH STREET

WEST CHESTER, PA 19382

MLS#: PACT2089250

$2,689,000

Status: Closed
Listing number: PACT2089250
Listing provided by: MAC Real Estate Services LLC
Listing agent phone: None
Last update: 10 months ago
On site: 1 year, 4 months ago
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Property

Beds

8

Full Baths

None

1/2 Baths

None

Year Built

1900

Sq.Footage

4,592

Excellent investor opportunity to acquire a rare 10 room, 8 BR/Unit, 17 person group rental rooming house fully permitted for students. Prime location close to campus and downtown with numerous nearby amenities. Historically 100% occupied with consistent annual rental increases and value add potential as only a handful of student rental properties with similar boarding house/group rental student permitted uses exist in the Borough today. Under market per student rental rental rate. Previous complete renovation and rebuilding to accommodate students during ownership along with many recent upgrades and renovations including 2nd floor HVAC system, flooring, kitchen and bathroom cabinets and countertops, windows, doors, appliances among others. Turnkey investment property as tenants pay all utilities including electric, heat, hot water, water, sewer and trash. Off street parking, front and side porches, full basement for storage or other amenity possibilities, sprinkler system and access to coin operated laundry for tenants. Income and Expenses in documents.

Features & Amenities

Interior

  • Other Interior Features

    Eat-in Kitchen

  • Total Bedrooms

    8

  • Bathrooms

    N/A

  • Above Grade Finished Area

    4592.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Hot Water

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick, Vinyl Siding

  • Parking

    Concrete, Off Street

  • Patio and Porch Features

    Deck

  • Pool

    No

  • Waterfront YN

    NO

  • View

    Street

Area & Lot

  • Lot Features

    Front Yard

  • Lot Size(acres)

    0.09

  • Lot Size(square feet)

    3976.0

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Side-by-Side

Price

  • Sales Price

    $2,689,000

  • Tax Amount

    $6,343

  • Zoning

    8 BR 17 person rooming house fully permitted for students.

  • Sq. Footage

    4, 592

  • Price/SqFt

    $585

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • New Construction

    NO

  • Foundation Details

    Block

  • Sewer

    Public Sewer

  • Tax Lot

    0918

  • Water Source

    Public

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Location

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CHESTER

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Listing Courtesy of Raymond C McCool , MAC Real Estate Services LLC

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Agent Mike Mathis

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Mike Mathis

Call Mike today to schedule a private showing.

(301) 639-1165

mike@wolfeteam.net


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Excellent investor opportunity to acquire a rare 10 room, 8 BR/Unit, 17 person group rental rooming house fully permitted for students. Prime location close to campus and downtown with numerous nearby amenities. Historically 100% occupied with consistent annual rental increases and value add potential as only a handful of student rental properties with similar boarding house/group rental student permitted uses exist in the Borough today. Under market per student rental rental rate. Previous complete renovation and rebuilding to accommodate students during ownership along with many recent upgrades and renovations including 2nd floor HVAC system, flooring, kitchen and bathroom cabinets and countertops, windows, doors, appliances among others. Turnkey investment property as tenants pay all utilities including electric, heat, hot water, water, sewer and trash. Off street parking, front and side porches, full basement for storage or other amenity possibilities, sprinkler system and access to coin operated laundry for tenants. Income and Expenses in documents.

315 S HIGH STREET

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5-Unit in Town Center!!!! Rarely does a property of such architectural pedigree and versatile potential become available in the heart of the West Chester Borough. Standing as a majestic detached sentinel on a sprawling 0.22-acre lot—a nearly unheard-of expanse for town-center living—this 1830 Federal-style masterpiece is a 6,164-square-foot triumph of history, scale, and opportunity. From the moment you arrive, the heritage of the building is evident. The stately presence command the streetscape, leading into an interior defined by four stories of grandeur. The home retains its most coveted historic "bones," featuring soaring ceilings, original wide-plank flooring, and five magnificent fireplaces that serve as the heart of its most prominent rooms. Currently configured as a high-performing five-unit residence, the property is in immaculate condition, offering a seamless blend of modern mechanicals—including a new high-efficiency boiler, on-demand hot water heater, EV charging station in the garage, and wifi keypad locks—and preserved period details. The floor plan is vast and flexible, comprising two massive 3-bedroom units, two 2-bedroom units, and a one-bedroom. The rooms and units flow and mesh wonderfully, giving you the ability to create an immense single family home, or claim as much space as you need while ensuring income from the rest of the home. While several kitchens and baths have been stylishly modernized for contemporary luxury, the building’s original character remains uncompromised, right down to the authentic root and wine cellar in the lower level. The exterior is an urban sanctuary. The gorgeous courtyard and expansive yard offer a private, lush retreat for grand-scale outdoor entertaining, complemented by the convenience of a detached two-car garage. Situated in the vibrant Town Center, you are steps away from the curated dining and boutique shopping that define West Chester’s booming culture. Currently three units are rented out as Airbnbs (first and second floor on the floorplans), one is a monthly rental (fourth floor), and the owner occupies the last (third floor). The three-bedroom unit on the top floor has separate heat and electric. Only one electric meter for the lower three airbnb units. Owner pays heat and hot water for all units except the top floor in addition to water and sewer for the entire building.
#PACT2121486

WEST CHESTER

26 W UNION STREET

11 Beds

None Baths

6,164 Sq.Ft.

$3,000,000

MLS#: PACT2121486

- property

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