553 E Chestnut Street Coatesville, PA
$ 600,000
Property Attributes
  • MLS#PACT533082
  • TypePending
  • CountyCHESTER
  • CityCoatesville
  • AreaCoatesville City
  • NeighborhoodNONE AVAILABLE
  • Zip19320
  • StyleApartment Building
  • Year Built1900
  • Taxes$ 7942
  • Price$ 600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5940
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Century 21 Precision Realty
Data Source:
Bright MLS - 382 - MD
Property Description

Unbelievable opportunity!!!! 8 Units! 7 of the units are occupied 1 vacant. Presitine condition. Probably one of the best I've seen! From the front porch you enter thru a gracious wood door to a foyer. Notice the original wood work and stained glass. This entrance leads to four of the units. The first on the right is Unit 1. This tenant has been there since 2012. It has fresh paint, new carpet, vanity and ceiling fan. Then you go up the wood stairs to Unit 4. This is an efficiency unit with new electric range and carpet three years ago. This tenant has been there since 2019. Unit 5 is also on the second floor. Currently vacant and refurbished for a new tenant! Continue once again up to the third floor to Unit 6. This is really a neat unit! Angled ceilings giving lots of charm. New carpet and range within the last 3 years. Current tenant has only been there a year but would like to stay. Now we go to the back of the building where you enter two more units. Unit 2 tenant has been there since 2011! This unit meets section 8 guidelines and on the first floor. Unit 3 is actually two floors. Living room and huge eat in kitchen on the first floor and go upstairs to bedroom and bath. It also has access to a shared balcony with Unit 5. In the main building just described please note that there are all new hardwired smoke detectors in the common areas. Plus a top of the line gas heating system that was installed in 2015. The common doors are fire rated and lock automatically for added security. There is a shared parking lot in the rear as well as on street parking in the front. The carriage house holds two more units. Unit 7 the tenant has also been there since 2019. This unit has a new front door. Unit 8 tenant has been there since 2011! I must say. Once they move in they don't want to leave! That should say allot about this multi-unit building. PROPERTY BEING SOLD IN AS IS CONDITION. BUYER RESPONSIBLE FOR ANY MUNICIPAL INSPECTIONS.

Price History
4/7/2021 Listed $600,000

General Features

Acceptable Financing Cash, Conventional
Accessibility 2+ Access Exits
Business Type Apartment Building
Construction Materials Brick
Cool Fuel None
Cooling None
Days on Market 30
Electric 200+ Amp Service
Exclusions Tenant's personal possessions
Flooring Hardwood, Carpet, Vinyl
Heating 90% Forced Air
Historic Y/N No
Location Type Downtown
MLS Area Coatesville City (10316)
New Construction No
Ownership Fee Simple
Possession Negotiable
Price Per Sq Ft 124.48
Property SubType Five Or More Units
Property Type Commercial Sale
Property Use Investment
PropertyCondition Excellent
Roof Unknown
Security Features Carbon Monoxide Detector(s), Main Entrance Lock, Smoke Detector
Sewer Public Sewer
Subdivision Name NONE AVAILABLE
Tax Annual Amount 7942.0
Tax Lot 0086
Tax Year 2020
Total Units 8
Utilities Cable TV, Natural Gas Available, Phone Available
Vacation Rental Y/N No
View City
Water Access Y/N No
Zoning R40
Zoning Description apartment building 5-19 units

Interior Features

Central Air Y/N No
Entry Level 1
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Electric, Natural Gas
Total Restrooms 8

Exterior Features

Building Area Total 4820.00
Car Parking Spaces 6
Fencing Y/n No
Foundation Details Stone
Inclusions All appliances
Lot Dimensions 0.00 x 0.00
Lot Features Front Yard, Interior, Level, Rear Yard, SideYard(s)
Lot Size Acres 0.17
Lot Size Source Assessor
Lot Size Square Feet 7525.00
Navigable Water Y/N No
Road Responsibility City/County
Road Surface Type Paved
Total Parking Spaces 6
Type of Parking On Street, Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 19320

AVG $310K
AVG $5,110
AVG 75
Year Built
AVG 1982

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