$230,000
$224,935
2.3%For more information regarding the value of a property, please contact us for a free consultation.
544 E HARMONY ST Coatesville, PA 19320
6,379 SqFt
Key Details
Sold Price $230,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 6,379 sqft
Price per Sqft $36
Subdivision None Available
MLS Listing ID 1003198215
Sold Date 06/15/17
Style Other
HOA Y/N N
Abv Grd Liv Area 6,379
Originating Board TREND
Year Built 1930
Annual Tax Amount $6,412
Tax Year 2017
Lot Size 10,195 Sqft
Acres 0.23
Lot Dimensions RECTANGULAR
Property Description
Turn-Key, 5 unit, fully rented, automated electronic rents, and offering the HIGHEST MONTHLY RENT PER UNIT (18% higher) compared to the average of all other comparable MLS listed properties in the area. This property averages $780 per month, per unit, verses an average of only $643 per month for others, resulting in a high NOI & ROI. Tenants pays all utilities: electric, heat, water & sewer (all separate meters). All rents are paid via stress-free automated Electronic Payment, 4 units are tenant paid, and one is HUD paid via section 8. 2 of 5 tenants pay bi-weekly resulting in even higher rents. Landlord pays the trash collection fee. High efficiency LED lighting in exterior and interior common areas further enhance NOI. Well maintained, exceptional condition, Exterior stucco redone in 2004, aluminum cladding & new rain gutters 2004. Vinyl replacement windows. Chimney recently re-done. All units received either updated kitchens, floors, baths, or all, starting in 2002 to present, including lots of ceramic tile & vinyl flooring selected for its durability & ease of cleaning. This massive 6,380 SF twin is deeded as one parcel, and the original twin design allowed for a logically organized multiple apartment layout without being all chopped up. The left twin is configured with a secure common foyer, serving a ground level unit with 1Br, 1Bth (photos w ceramic tile flooring), 2nd level unit with 1Br, 1Bth (photos w newer oak kit, dark kit flooring, tan carpet) and 3rd level unit boasting 3Br & 1Bth (no photos avail at this time), while the right twin offers a private entrance main level unit w 2Br, 1Bth (photos w white kit cabinets, tan sectional, accent rug), plus an upper level unit w private entrance, 2Br & 1Bth (no photos at this time). Sought after by tenants for its 5 off street parking spaces, large yard, and a low-traffic section of Harmony St. between 4th & 5th Ave, offering additional handy on street parking. This original Coates Family farmhouse is steeped in history with the gorgeous Genesis A.M.E. Zion Church located half a block away, across from the New Life Educational Center, on the corner of Harmony & 5th Ave. The maintenance records for the previous year indicate $11,520, including upgrades, future cost determined by future owner, Maint is not included in the cap rate. Commercial Mortgage Pre-approval Letter or reasonable POF prior to showing, 3 day showing notice required, Listing agent present for showings, group showings when possible
Location
State PA
County Chester
Area Coatesville City (10316)
Zoning RN4
Rooms
Other Rooms Primary Bedroom
Basement Full, Unfinished, Outside Entrance
Interior
Hot Water Electric
Heating Electric, Baseboard
Cooling None
Fireplace N
Window Features Replacement
Heat Source Electric
Laundry None
Exterior
Water Access N
Roof Type Pitched,Shingle
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
High Schools Coatesville Area Senior
School District Coatesville Area
Others
Tax ID 16-06 -0381
Ownership Fee Simple
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Bought with Susan Schleh • Beiler-Campbell Realtors-Quarryville