Active
344 Hodgson St
Oxford PA, 19363
$950,000
$186.64 per sqft
Active
5,090 sqft
Commercial
Built in 1880
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
PACT2065166
MLSⓇ ID
May 1, 2024
Listed
December 19, 2024
Updated
Map
344 Hodgson St
Oxford PA, 19363
Interior Features
Interior Features
Carpet, Vinyl, Wood
Floor Description
Carpet, Vinyl, Wood
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Hot Water, Natural Gas
Exterior/Building Features
Lot Size
0.4 Acres
Roof
Shingle, Slate
Sewer
Public Sewer
Other Property Details
Area Name
OXFORD BORO
Taxes
$8,759
Tax Frequency
Annually
Days on Market
233
Garage
No
Parking Total
6
View
No
County
CHESTER
Water Source
Public
Pool
No
Listed by Springer Realty Group
Listing Contact: 6462834133
The IDX display contains information sourced from the Bright MLS, Inc. as of 12/19/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 12/19/2024 at 11:47 AM UTC