Fully rented three unit investment opportunity on Gay Street in West Chester Borough. This property has of a main house consisting of a two units and a carriage house with another unit. It is located directly across the street from St. Agnes Church and behind the new Justice Center. It is zoned Town Center "TC" which allows student rentals without permits. All tenants are well qualified, current, and on one year leases. This property is producing a TRUE 8% cash on cash return! With some cosmetic updates the rents can easily be increased in the main house. Most of the properties major mechanicals have been updated. This is a good income producing property in a very desirable part of town making it easy to lease in the future. Take advantage of the historically low interest rates and lock this three unit in at 4% for 30 years!
Off market
$841,300
240 W Gay St, West Chester, PA 19380
1beds
1baths
1,000sqft
MultiFamily
Built in 1920
-- sqft lot
$841,300 Zestimate®
$841/sqft
$1,824 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Heating
- Other, Other
Appliances
- Included: Dryer, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Hardwood
- Basement: None
Interior area
- Total interior livable area: 1,000 sqft
Property
Features
- Exterior features: Stone, Stucco
Lot
- Size: 3,484 sqft
Details
- Parcel number: 010804300000
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1920
Community & neighborhood
Location
- Region: West Chester
Services availability

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Get a free Zillow Showcase℠ listing and you could sell for .
$841,300
2% more+ $16,826
With Zillow Showcase(estimated)
$858,126