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125 W State St 4 Unit Apartment Building $1,115,340 CAD ($278,835 CAD/Unit) 6.10% Cap Rate Kennett Square, PA 19348
INVESTMENT HIGHLIGHTS
- Prime Location!
- All units and systems upgraded in 2014
- Large Lot with Development Opportunity
EXECUTIVE SUMMARY
This property is a fully occupied quadplex with development opportunity located in the thriving retail district of downtown Kennett Square. With no setback requirements the property can be fully developed. This property presents a unique opportunity for a variety of uses, including retail, offices, restaurants, and special exceptions like hotels or planned developments. While situated in the historic district, which requires architectural review, neighboring properties demonstrate the potential for substantial expansion. The property’s proximity to a public parking garage eliminates the need for on-site parking, making it even more attractive to development. It is currently configured as 4 apartments 1 bed/1 bath; 2 bed/2 bath; 3 bed / 1 bath; 4 bed / 2 bath.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,115,340 CAD | Building Class | C |
| Price Per Unit | $278,835 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 3,922 SF |
| Cap Rate | 6.10% | Average Occupancy | 100% |
| Gross Rent Multiplier | 14.5 | No. Stories | 3 |
| No. Units | 4 | Year Built | 1910 |
| Property Type | Multifamily | Parking Ratio | 2.55/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | C1 - small-scale commercial establishments like convenience stores, cafes, and small offices, serving the immediate neighborhood | ||
| Price | $1,115,340 CAD |
| Price Per Unit | $278,835 CAD |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Gross Rent Multiplier | 14.5 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,922 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 2.55/1,000 SF |
| Zoning | C1 - small-scale commercial establishments like convenience stores, cafes, and small offices, serving the immediate neighborhood |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2 | 1 | $2,164 CAD | - |
| 3+1 | 1 | $1,919 CAD | - |
| 2+2 | 1 | $2,226 CAD | - |
| 1+1 | 1 | $1,536 CAD | - |
1 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 03-002-0196.0000 | Improvements Assessment | $140,437 CAD (2025) |
| Land Assessment | $43,882 CAD (2025) | Total Assessment | $184,319 CAD (2025) |
PROPERTY TAXES
Parcel Number
03-002-0196.0000
Land Assessment
$43,882 CAD (2025)
Improvements Assessment
$140,437 CAD (2025)
Total Assessment
$184,319 CAD (2025)
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125 W State St
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