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.

©2024 Bright MLS, Inc. all rights reserved.

Data last updated on 12/19/2024 at 11:47 AM UTC

Powered byLuxury Presence