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156 W King Street

MALVERN, PA 19355
  • $3,400,000
  • STATUS: Active
  • ON SITE: 157 Days
  • ID#: PACT2019892
UPDATED: 67 min ago
$3,400,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

Description

Introducing 156 W. King Street in Malvern Boro! Rarely does an investment opportunity come along to purchase an 8 unit apartment building, approximately 11, 572 sq ft in the heart of Malvern Boro. These 8 NEW CONSTRUCTION (Built in 2019) luxurious and trendy boutique 2 bedroom/2 bathroom apartments offer all the amenities you could ask for! Each apartment is slightly unique and highly stylized. Additionally there is covered parking in back with electric car charging station, an elevator, separate and private entrances, plus 8 large storage lockers in basement for tenants. 2 block walk to the Malvern train station R5 line. These 8 apartments are in the heart of the downtown Malvern. Grocery shopping, clothes shopping and dining are just steps away, no need for a car. Check out Alba, Anthony's, The Flying Pig, Christopher's and Brick & Brew restaurant. NEW amenities inclusive of 9' ceilings, extra sound proofing insulation, recessed lighting, custom designed bedroom closets, window treatments, as well as, a washer and dryer in each unit. Custom craftsman style cabinets in the kitchen with plenty of top and bottom cabinetry and storage space, Granite counter tops, all Stainless steel appliances (refrigerator with ice maker and built-in water dispenser, microwave, 4 burner gas stove and oven, dishwasher and under-mount sink with garbage disposal. The light in-fused open floor plan is spacious yet cozy. All utilities separated, gas heat and central air. ALL UNITS ARE FULLY OCCUPIED and FULLY LEASED! $220,260 in Yearly Income!

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Newman Real Estate Group | Keller Williams Flagship of Maryland. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-15T10:01:34.327.
www.thinknewman.com/homes/126555369
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156 W King Street MALVERN, PA 19355

  • Price: $3,400,000
  • Status: Active
  • On Site: 157 Days
  • Updated: 67 min ago
  • ID#: PACT2019892
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
Neighborhood:
Malvern Boro (10302)
County:
Chester
Area:
Malvern Boro (10302)
School District:
Great Valley
Property Description
Introducing 156 W. King Street in Malvern Boro! Rarely does an investment opportunity come along to purchase an 8 unit apartment building, approximately 11, 572 sq ft in the heart of Malvern Boro. These 8 NEW CONSTRUCTION (Built in 2019) luxurious and trendy boutique 2 bedroom/2 bathroom apartments offer all the amenities you could ask for! Each apartment is slightly unique and highly stylized. Additionally there is covered parking in back with electric car charging station, an elevator, separate and private entrances, plus 8 large storage lockers in basement for tenants. 2 block walk to the Malvern train station R5 line. These 8 apartments are in the heart of the downtown Malvern. Grocery shopping, clothes shopping and dining are just steps away, no need for a car. Check out Alba, Anthony's, The Flying Pig, Christopher's and Brick & Brew restaurant. NEW amenities inclusive of 9' ceilings, extra sound proofing insulation, recessed lighting, custom designed bedroom closets, window treatments, as well as, a washer and dryer in each unit. Custom craftsman style cabinets in the kitchen with plenty of top and bottom cabinetry and storage space, Granite counter tops, all Stainless steel appliances (refrigerator with ice maker and built-in water dispenser, microwave, 4 burner gas stove and oven, dishwasher and under-mount sink with garbage disposal. The light in-fused open floor plan is spacious yet cozy. All utilities separated, gas heat and central air. ALL UNITS ARE FULLY OCCUPIED and FULLY LEASED! $220,260 in Yearly Income!
Exterior Features

Construction Materials Hardiplank Type Garage YN No Parking Features Electric Vehicle Charging Station(S)Handicap ParkingLighted ParkingPaved ParkingPrivateSurface Parking Types Parking Lot Property Condition Excellent Riparian Rights YN No Roof AsphaltShingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 11572.00 Cooling Central A/C Exclusions All Tenants Personal Items Heating Forced AirProgrammable Thermostat Heating YN Yes Inclusions Gas Dryer And Electric WasherFull Size Kitchen Aid Refrig With Ice Maker & Water FilterMwDwGas Stove in All 8 UnitsBasement Storage Lockers For All 8 Units(1) Electric Car Charging Station in Back Parking Lot Net Square Feet 11572.00

Property Features

Acceptable Financing CashConventional Accessibility Features ElevatorRamp - Main Level Assessment Year 2022 Builder Name Providence One Business Type Apartment Building Central Air YN Yes Cooling Fuel Electric Electric 200+ Amp Service Elevators 1 Heating Fuel Natural Gas Hot Water Natural Gas Lease Considered YN No Municipality Malvern Boro Navigable Water YN N New Construction YN No Number Of Units Total 8 Original MLSNumber 801390173952 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 14276.00 Tax Assessment Amount 452030.00 Total Actual Rent 220260.00 Vacation Rental YN No Water Source Public Year Built Effective 2019 Zoning R40 Apt Zoning Description Apt Bldg(S) 4-19

Listing courtesy of Long & Foster Real Estate, Inc..


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Newman Real Estate Group | Keller Williams Flagship of Maryland. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-15T10:01:34.327.
 
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231 Najoles Rd., Suite 100
Millersville MD, 21108