24 Church Street S

Description

Fresh price! Here is your rare and much sought after opportunity to own a STUDENT RENTAL investment property in a highly visible historic towns center location steps from downtown amenities yet very convenient and close to campus. Seller desires to sell 24 S Church St together with 22 S Church St. Both properties include 2 fully rented retail store fronts , 5 student permitted apartments and a 10 car parking lot. This is a prime investment real estate opportunity you can't pass up. 22 S Church contains a leased retail space with two large 3 bedroom apartments. 24 S Church has a leased retail space with a 1 bedroom apartment and two large 3 bedroom apartments along with spacious covered porches in the rear for extra outdoor amenity space. All units are fully leased for the next lease term with tenants paying all utilities including electric, hot water, hear, water, sewer and trash. Never a vacancy in 14 years of ownership except for short Landlord chosen renovation time periods to enhance value. Additional value add potential with normal yearly rent increases, parking fees or minimal improvements. Recent upgrades to electric and fire alarm system. Also recent conversion from oil to natural gas heating system in both properties. Don't delay! Multiple offers expected! Don't this unique and premier real estate investment opportunity in one of the most ideal downtown locations for a mixed use student rental property in the Borough! For comparable sales see 513 S High St PACT2040624 and 300-302 W Barnard St PACT2020922.See also PACT20411296, PACT2041292 , PACT2041252 and PA2044198. See also PACT2041164 and PACT2041128.