22 S Church Street

Description

Fresh Price! Here is your rare and a much sought after opportunity to own a STUDENT RENTAL investment property in a highly visible historic town center location steps from downtown amenities yet very convenient and close to campus. Seller desires to sell adjoining property 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 private parking lot. This is prime investment real estate opportunity you can't pass up. 22 S. Church St 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, heat, water, sewer and trash. Never a vacancy in 14 years of ownership except for short Landlord chosen renovation time periods to enhance value. Value add potential with minimal improvements and parking fees. 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 miss this unique and premier real estate investment opportunity in one of the most ideal 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 PACT2020922. See also Residential Listing PACT2041292, PACT2041300 and PACT2041296. See also PACT2041164 and PACT2041128.