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Mixed-Use

The Coatesville Portfolio

118 N 2nd Ave, Coatesville, PA 19320

Listing Price: $1,975,000

Cap Rate
8.16%
Number of Units
15
Occupancy
95.0%
Price/Unit
$131,667
Price/Gross SF
$166.68
Gross SF
11,849

Investment Overview

Marcus & Millichap is pleased to present for sale The Coatesville Portfolio, which is comprised of two properties located in the City of Coatesville, totaling 14 apartments and one ground-floor retail space. The portfolio contains one commercial unit, 5 one-bedroom units and 9 two-bedroom units. Both properties are in great condition, since the owner has gut renovated both the buildings in the past five years. The units feature hardwood flooring, stainless steel appliances and central heating and air conditioning. The owner is responsible for common area electric and trash removal. The tenants are billed monthly for their electric and water usage.

The City of Coatesville is home to more than 13,000 people, and is located in very desirable Chester County. The portfolio is in proximity to the center of town, which allows for easy access to the nearby stores, restaurants, and the nearby Amtrak station. The Amtrak station provides eastbound access to Center City, Philadelphia and westbound to Harrisburg.

The Property represents a rare opportunity to acquire an apartment community in highly desirable Chester County. The up-to-date capital improvements and recently renovated units allow an incoming investor to realize positive cash flow immediately.

Investment Highlights

  • 14 Apartments + 1 Retail Space in the city of Coatesville, Chester County, Pennsylvania
  • Two Newly Renovated Properties Located 0.7 Miles Apart
  • Turn-Key Assets: Both Buildings Recently Gut Renovated
  • Luxury Interior Finishes: Hardwood Floors & Stainless Steel Appliances
  • Strong Return: North of 8% Current Cap Rate

Exclusively Listed By

  • Andrew Townsend

    Senior Vice President Investments

    (215) 531-7020

    Email Andrew

    License(s): PA: RS304074, DE: RS-0019885, NJ: 680787

    Philadelphia

  • Daniel Bernard

    First Vice President Investments

    (215) 531-7022

    Email Daniel

    License(s): PA: RS331381

    Philadelphia

  • Clarke Talone

    First Vice President Investments

    (215) 531-7021

    Email Clarke

    License(s): PA: RS299113, DE: RS-0019808, NJ: 0787408

    Philadelphia

Financing By

Mixed-Use

The Coatesville Portfolio

Listing Price: $1,975,000

Cap Rate
8.16%
Number of Units
15
Occupancy
95.0%
Price/Unit
$131,667
Price/Gross SF
$166.68
Gross SF
11,849

Investment Highlights

  • 14 Apartments + 1 Retail Space in the city of Coatesville, Chester County, Pennsylvania
  • Two Newly Renovated Properties Located 0.7 Miles Apart
  • Turn-Key Assets: Both Buildings Recently Gut Renovated
  • Luxury Interior Finishes: Hardwood Floors & Stainless Steel Appliances
  • Strong Return: North of 8% Current Cap Rate

Investment Overview

Marcus & Millichap is pleased to present for sale The Coatesville Portfolio, which is comprised of two properties located in the City of Coatesville, totaling 14 apartments and one ground-floor retail space. The portfolio contains one commercial unit, 5 one-bedroom units and 9 two-bedroom units. Both properties are in great condition, since the owner has gut renovated both the buildings in the past five years. The units feature hardwood flooring, stainless steel appliances and central heating and air conditioning. The owner is responsible for common area electric and trash removal. The tenants are billed monthly for their electric and water usage. The City of Coatesville is home to more than 13,000 people, and is located in very desirable Chester County. The portfolio is in proximity to the center of town, which allows for easy access to the nearby stores, restaurants, and the nearby Amtrak station. The Amtrak station provides eastbound access to Center City, Philadelphia and westbound to Harrisburg. The Property represents a rare opportunity to acquire an apartment community in highly desirable Chester County. The up-to-date capital improvements and recently renovated units allow an incoming investor to realize positive cash flow immediately.

Exclusively Listed By

  • Andrew Townsend

    Senior Vice President Investments

    (215) 531-7020

    Email Andrew

    License(s): PA: RS304074, DE: RS-0019885, NJ: 680787

    Philadelphia

  • Daniel Bernard

    First Vice President Investments

    (215) 531-7022

    Email Daniel

    License(s): PA: RS331381

    Philadelphia

  • Clarke Talone

    First Vice President Investments

    (215) 531-7021

    Email Clarke

    License(s): PA: RS299113, DE: RS-0019808, NJ: 0787408

    Philadelphia

Financing By

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