620 S Franklin St, West Chester, PA 19382

ATTENTION INVESTORS! 3 townhomes being SOLD AS A PACKAGE. 2 with STUDENT RENTAL PERMITS. 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.)