Address
344 Hodgson Street, Oxford, PA
Price
$ 950,000
Property Attributes
- MLS#PACT2065166
- TypeCommercial
- CountyCHESTER
- CityOxford
- AreaOxford Boro
- Zip19363
- StyleApartment Building
- Year Built1880
- Taxes$ 8146
- Price$ 950,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6000
- Lot Size0.4 Acres
Data Source:
Bright MLS
Property Description
Income producing property 6 units (5, 1-bedroom units, one studio) and 6 separately rented individual garages. Net operating income of 70K (full financials available to qualified buyers). The property is fully rented with high quality tenants - note that listing photos are from before tenants moved in. Current owners have rehabbed and updated the property for efficient management - making it easy for a new owner to step in and take over. Owners are selling their whole portfolio for a career change. Updates and repositioning done by the current owners: - Put in all new sidewalks and curbs on all 3 streets and new entry apron by the garages - Repainted the entire house and repaired the soffit and trim - Renovated apartments 5 and 6 - separated electric and installed mini splits (heat/ac) and new kitchens with granite counters - Installed a laundry room with coin operated machines and electronic keypad entry - Put in a trash pad and communal dumpster - Removed and stumped dead trees - All units have separate gas/electric - Tenants pay for water, sewer and trash - Moved all tenants to online payments - Increased the rents to market rate - High quality tenants - must have 650+ credit score and make 3x the rent in verifiable income. - No pets in building - No smoking in building - Annual rent increases are built into all current leases Other qualities of the property: - Main house entry is by electronic key fob only. - There is a camera surveillance system installed
| Price History | |
|---|---|
| 5/2/2024 | Listed $950,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Hot Water |
| Cooling | Ductless/Mini-Split |
| Possession | Settlement |
| Roof | Pitched,Shingle,Slate |
| Zoning | R40 APT BLDG(S) 4-19 UNIT |
| Construction Materials | Brick |
| Exclusions | Tenant Property |
| Year Built | 1880 |
| Electric | 200+ Amp Service |
| Property SubType | Five Or More Units |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Apartment Building |
| Accessibility | None |
| County | CHESTER |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | Traveling south from oxford center on S 3rd Street,turn left on Hodgson st. Property will be on second block on the right. |
| ModificationTimestamp | 2024-05-07T07:47:52 |
| City | OXFORD |
| Disclosures | Agent Related to Owner |
| Total Units | 6 |
| MLS Area | Oxford Boro (10306) |
| Lot Size Square Feet | 17500.00 |
| Tax Assessed Value | 159140.0 |
| Waterfront Y/N | No |
| Street Name | HODGSON |
| Tax Annual Amount | 8146.0 |
| Price Per Sq Ft | 186.64 |
| Historic Y/N | Yes |
| Vacation Rental Y/N | No |
| Days on Market | 7 |
| Location Type | Downtown |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 0099 |
| Buyer Agent Compensation Type | $ |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Flooring | Wood,Fully Carpeted,Vinyl |
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Inclusions | Coin washer and dryer |
| Total Parking Spaces | 6 |
| Type of Parking | Private Garage |
| Land Use Code | R40 |
| Foundation Details | Stone,Concrete Perimeter |
| Water View Y/N | No |
| Building Area Total | 5090.00 |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 0.40 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Road Responsibility | Boro/Township |
| Land Assessed Value | 35630.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 6 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19363
Price
Taxes
Visits
Year Built
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