344 HODGSON ST Active Save Request In-Person Tour Request Virtual Tour
Oxford,PA 19363
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,090 sqft
Price per Sqft $186
MLS Listing ID PACT2065166
Year Built 1880
Annual Tax Amount $8,615
Tax Year 2024
Lot Size 0.402 Acres
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
Location
State PA
County Chester
Area Oxford Boro (10306)
Zoning R40 APT BLDG(S) 4-19 UNIT
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Ductless/Mini-Split
Flooring Wood,Fully Carpeted,Vinyl
Inclusions Coin washer and dryer
Exterior
Garage Spaces 6.0
Waterfront N
Water Access N
Roof Type Pitched,Shingle,Slate
Building
Foundation Stone,Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Oxford Area
Others
Special Listing Condition Standard