118 W Evergreen St, West Grove, PA 19390

Property Description

Investor Alert in the heart of West Grove! This versatile mixed-use property offers strong income potential with three residential units plus a two-room office suite, all ideally positioned in a prime in-town location. The residential component includes (2) one-bedroom, one-bath apartments and (1) efficiency unit with full bath, providing multiple streams of rental income.(all on month to month lease) In addition, the two-room office suite presents an excellent opportunity for professional use, small business occupancy, or future value-add improvements. The property features electric service with two meters: • Meter #1 services the first-floor apartment, office space, and likely exterior lighting • Meter #2 services the second- and third-floor apartments Major systems include an 80-gallon hot water heater servicing all three apartments, while the oil burner/boiler provides heat to the first and second floors and office space. The third-floor unit is equipped with electric baseboard heat. Important capital improvements have already been completed, including a roof replacement, chimney repointing, and installation of a stainless steel liner and cap approximately 7 years ago. Porch overhangs were updated approximately 12 years ago, and the garage roof has been replaced (year unknown). This property does require maintenance and updating, making it an ideal candidate for investors seeking to renovate, reposition, and maximize return. Being sold strictly “as is” as part of an estate settlement. Buyers are welcome to conduct inspections; however, the seller will make no repairs. Buyer is responsible for any Use & Occupancy and/or Borough requirements. A rare opportunity to own a multi-use income-producing property in a desirable Southern Chester County location—bring your vision and unlock its full potential! Listing Agent is related to seller.