Bought with Marisa Leib • Entourage Elite Real Estate-Conshohocken
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Key Details
Sold Price $550,000
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,321 sqft
Price per Sqft $165
Subdivision Colonial
MLS Listing ID PAMC2169070
Sold Date 04/30/26
Style Transitional
Bedrooms 6
Full Baths 3
HOA Y/N N
Abv Grd Liv Area 3,321
Year Built 1890
Annual Tax Amount $3,941
Tax Year 2025
Lot Size 2,250 Sqft
Acres 0.05
Lot Dimensions 25.00 x 0.00
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
Attention Investors: Welcome to 389 E. Hector Street, a Villanova University–approved student rental located in Conshohocken Borough. This six-bedroom, three-bath, three-story, 3,300 sqft property has undergone significant renovations, including a newly renovated first floor, new kitchen with quartz countertops, and SS appliances, making it a true turnkey investment.
The property was previously rented to college students for $5,000 per month prior to renovations. Based on current market conditions, projected rents range from $5,700 to $6,500 per month. With six bedrooms, three full baths, minimal expenses, and property taxes under $4,000, the numbers are extremely compelling.
This is a rare, student-approved rental permit in a market where no new Villanova student rental licenses are being issued, making the permit itself highly valuable. A true investor's dream—turnkey, low-maintenance, strong cash flow, and easily a 9+ Cap
Location
State PA
County Montgomery
Area Conshohocken Boro (10605)
Zoning RESIDENTIAL
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Forced Air, Baseboard - Electric
Cooling None
Flooring Vinyl, Carpet
Fireplace N
Heat Source Electric, Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Story 3
Foundation Brick/Mortar
Above Ground Finished SqFt 3321
Sewer Public Sewer
Water Public
Architectural Style Transitional
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Colonial
Others
Senior Community No
Tax ID 05-00-05892-007
Ownership Fee Simple
SqFt Source 3321
Special Listing Condition Standard
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