620 S FRANKLIN STREET, West Chester, PA 19382

ATTENTION INVESTORS! 3 townhomes, each are 2 bedroom, 1 and 1/2 bath being SOLD AS A PACKAGE. Two with SUDENT RENTAL PERMITS, the other a long term lease..
Attractive, recently updated. Units A-10, A-11 and D-39 at Ramsgate, a student  townhouse community.  Walking distance to West Chester  University. Two have STUDENT RENTAL PERMITS, the third is leased to non students.  Low taxes and low condo fee.  All utilities are paid by tenants or condo association. Gross rent $78,000, expenses $16,613 for an NOI of $61,387. Cap rate 7.0%. Condo handles exterior maintenance and there is always a waiting list of tenants. (Gross rent scheduled to increase to $82,800 for next school year.)