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344 HODGSON STREET, OXFORD, PA 19363
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$950,000
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Home Details for 344 HODGSON STREET
Price
$950,000
Type
Commercial/Industrial
Year Build
1880
Lot Size
0.4
County
CHESTER
Tax
$8,759
MLS®️ Listing#
PACT2065166
On exitrealty.com
296 days
Property Description
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
Read more
- Cooling Information
- Ductless
- Electric
- Heating Information
- Natural Gas
- Hot Water
- Water Features
- Public
- Parking
- Garage
Listing Courtesy: Springer Realty Group - 484-498-4000
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which EXIT Realty participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers 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 on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright ©2025 Bright MLS. All rights reserved.
Last Updated: 2024-12-19 05:46:14
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