344 HODGSON ST Active

Oxford,PA 19363

$ 950000

- Bed

- Bath

5090 SqFt


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

Originating Board BRIGHT

Year Built 1880

Annual Tax Amount $8,615

Tax Year 2024

Lot Size 0.402 Acres

Acres 0.4

Lot Dimensions 0.00 x 0.00

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

Heat Source Natural Gas

Exterior

Garage Spaces 6.0

Waterfront N

Water Access N

Roof Type Pitched,Shingle,Slate

Accessibility None

Road Frontage Boro/Township

Parking Type Private Garage

Total Parking Spaces 6

Garage N

Building

Foundation Stone,Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Oxford Area

Others

Tax ID 06-08 -0099

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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