Prime Investment Opportunity in the Heart of Swarthmore !
Welcome to 13-15 South Chester Road, a prestigious, well maintained, 4-unit apartment building with 2 commercial spaces located in the bustling commercial district of Swarthmore. This unique property offers an exceptional investment opportunity with its prime location, potential for additional rental income, and recent upgrades. Each of the four one-bedroom, one-bathroom units offers a desirable layout with functional kitchens, full baths, ample closet space, providing residents with comfortable and practical living spaces. With stable annual leases for the residential units, this property offers a reliable income stream for investors. Two, street-level commercial spaces provide an ideal opportunity for businesses to thrive in a vibrant and high-traffic area. Brooklyn Exotics has a large store front, plus several storage rooms in the back, along with full bath and internal basement access. Pilates Connexion has beautifully set up main space, two baths, and external basement access. Please note that commercial spaces have potential to be joined as one large space totaling 3090 sqft. Currently, all units are occupied, showcasing the property's attractiveness to long-term tenants. In the bustling downtown area of Swarthmore, where parking can often be a challenge, this property stands out with its offering of private assigned parking for each unit. Residents can enjoy the convenience and peace of mind that comes with having dedicated parking spaces, ensuring easy access and alleviating the typical parking concerns associated with urban living.
There is also potential with unused space on the third floor ( approx 2/3 size of 2nd floor footage) with possible expanding the rental portfolio and increasing revenue. Buyer will have to go thru approval and obtain permits from Township.
- New Underground Sewage System ( August 2023): A recent upgrade to the building's infrastructure ensures modern functionality and peace of mind for both residents and commercial tenants.
- Detailed income and expense information is available for review, providing transparency and confidence for potential investors. The existing rents, currently under market value, present a compelling opportunity for potential buyers to increase rental income.
Location is a prime, across from the Swarthmore train station as well as prestigious Swarthmore College campus. Contact us today to learn more about this prime property and take the next step towards securing a valuable asset in a thriving community.