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Listed by Beau McGettigan • Real of Pennsylvania
$1,100,000
Est. payment /mo
7,525 Sqft Lot
Price Dropped by $23K
553 E CHESTNUT ST Coatesville, PA 19320
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PACT2129082
Year Built 1900
Annual Tax Amount $8,893
Tax Year 2025
Lot Size 7,525 Sqft
Acres 0.17
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Eight-unit multifamily investment property located in Coatesville, PA. The property consists of eight (8) one-bedroom, one-bathroom apartments and currently generates approximately $9,550 per month in gross rental income ($114,600 annually).
The tenant base includes a mix of Housing Authority of Chester County (HACC) and private-pay residents, with five of the eight units benefiting from government-backed rental assistance. The combination of subsidized and market-rate tenancy provides stable occupancy while maintaining exposure to rental growth opportunities.
Conveniently located near the Coatesville VA Medical Center, downtown Coatesville, public transportation, and major commuter routes, the property benefits from strong workforce housing demand and access to regional employment centers.
This property is being offered individually or as part of a Portfolio, a larger collection of 10 multifamily and mixed-use investment properties located in close proximity. Full Offering Memorandums and Portfolio information, financials, and supplemental offering materials are available upon request.
The tenant base includes a mix of Housing Authority of Chester County (HACC) and private-pay residents, with five of the eight units benefiting from government-backed rental assistance. The combination of subsidized and market-rate tenancy provides stable occupancy while maintaining exposure to rental growth opportunities.
Conveniently located near the Coatesville VA Medical Center, downtown Coatesville, public transportation, and major commuter routes, the property benefits from strong workforce housing demand and access to regional employment centers.
This property is being offered individually or as part of a Portfolio, a larger collection of 10 multifamily and mixed-use investment properties located in close proximity. Full Offering Memorandums and Portfolio information, financials, and supplemental offering materials are available upon request.
Location
State PA
County Chester
Area Coatesville City (10316)
Zoning C
Interior
Hot Water Natural Gas
Cooling None
Heat Source Natural Gas
Exterior
Garage Spaces 6.0
Water Access N
Accessibility Other
Total Parking Spaces 6
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Coatesville Area
Others
Tax ID 16-06 -0086
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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