For Sale
$1,200,000

529 Barnard St West Chester, PA 19382

Four-unit apartment building, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a four-unit apartment building located at 529 E Barnard St, West Chester, Pennsylvania, 19382. The property boasts 2,670 square feet on a 3,317 square foot lot and is zoned NC2. Built in 1900, the building offers a blend of historic charm and modern amenities. Currently generating a $60,000 Net Operating Income (NOI) with a 5.00% capitalization rate, this property offers a stable income stream with an asking price of $1,200,000. The property enjoys a 100% occupancy rate and includes on-site parking for tenants. Its prime location in West Chester, Chester County, places it near the borough and benefits from participation in the Chester County Housing Choice Voucher Program. This presents a compelling opportunity for investors seeking a stable, income-producing asset in a desirable location. The property's strong performance and strategic location make it an attractive investment with significant potential for long-term growth and value appreciation.

Highlights

  • Four-unit apartment building.
  • Participates in Chester County's Housing Choice Voucher Program.
  • Excellent West Chester Borough location.
  • Offers on-site tenant parking.

Property Details for 529 Barnard St

Property type
Apartment buildings
Square Feet
2,670 SF
Year Built
1900
Units
4

Location Insight

City
West Chester
County
Chester
State
Pennsylvania
Latitude
39.9621362
Longitude
-75.5952222

FAQs

What type of property is this?
Apartment building - Four-unit apartment building, strong NOI.
Where is the apartment building located?
The property is located at 529 Barnard St West Chester, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four-unit apartment building.; Participates in Chester County's Housing Choice Voucher Program.; Excellent West Chester Borough location.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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529 Barnard St
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