Highly desirable, strong rental market with consistently no vacancy and high demand for more housing
Ability to raise rents and pass along utility expenses to tenants
3 out of 4 HVAC systems are brand new
Central air throughout
Convert office spaces into residential units and lease-up for market rent
Potential to convert garage to provide additional off-street parking for tenants
VRA Realty is pleased to exclusively present for purchase this six-unit Multifamily Investment Property located at 120 West Miner Street in the heart of downtown West Chester, PA. For the first time in almost five decades is a rare opportunity to own this beautiful property. Ideally located in a quiet section of the borough, just a few blocks from the center of town, it's Zoned NC2 with a professional office overlay. The property is licensed for six (6) residential units, however the building currently has a total of four (4) 1 bedroom 1 bath residential units, two (2) units currently being utilized as office spaces, and a two (2) car detached garage in the Nicetown-Tioga section of Philadelphia.
120 West Miner Street's location presents a myriad of possibilities for real estate investment, combining the allure of small-town charm with the amenities and opportunities of a vibrant community. Situated in the heart of Chester County, West Chester offers a highly desirable location within close proximity to major metropolitan areas. With its prime position just 25 miles west of Philadelphia, investors benefit from easy access to a diverse range of economic and cultural opportunities, making it an ideal place to invest in real estate.
West Chester exudes a captivating blend of historic architecture, tree-lined streets, and a bustling downtown area filled with local shops, restaurants, and entertainment venues. The town's rich heritage is evident in its well-preserved historic buildings, including Victorian-style homes and charming storefronts, adding an authentic and timeless appeal to the area. Investors will discover a wide range of real estate options in West Chester, from residential properties to commercial and mixed-use spaces.
The local real estate market in West Chester is known for its stability and steady growth, making it an attractive investment destination. The town's strong sense of community, excellent school districts, and access to top-notch healthcare facilities contribute to its consistent appeal for residents and tenants alike.
Transportation infrastructure in and around West Chester is well-developed, with convenient access to major highways, including routes 202 and 322, offering easy connectivity to neighboring towns and cities. Additionally, Philadelphia International Airport is a short drive away, providing seamless travel options for both residents and visitors.
West Chester, Pennsylvania, offers a captivating blend of natural beauty, rich history, and a thriving community, making it an exceptional location for real estate investment. With its prime location, diverse market opportunities, and strong growth potential, investing in this charming town opens doors to a prosperous future in the ever-evolving real estate market.
Mixed Use / Multifamily
120 West Miner Street, West Chester, PA 19382, USA