Property Attributes
- MLS#PADE2063190
- TypeContingent
- CountyDELAWARE
- CityChester
- AreaCity Of Chester
- Zip19013
- StyleTraditional
- Year Built1920
- Taxes$ 1700
- Price$ 179,900
- Bedrooms5
- Full Bathrooms0
- Half Bathrooms0
- Lot Size4,792 SqFt
Data Source:
Bright MLS
Property Description
Welcome to 2115 Madison Street, a modern duplex offering an incredible investment opportunity in Chester, PA. This property boasts two spacious units, with a 2-bedroom unit and a 1-bedroom unit, both currently occupied. The total square footage of this property is 1505 square feet, nestled on a generous lot spanning 4792 square feet. Each unit within this duplex features private access, open floor plans, and in-unit laundry facilities, providing modern convenience for its residents. The property is in good condition with contemporary touches, ensuring a comfortable and stylish living environment. As an investor's dream, the current annual rental income stands at $22,220, yielding an impressive 8.2% cap rate. With the potential for increased rents, the projected annual income could reach $28,080, resulting in an 11% cap rate. This presents an outstanding opportunity for a savvy investor to maximize returns in a rapidly growing market. Don't miss out on the chance to own this lucrative multi-family unit with a promising future. Schedule a showing today and seize the opportunity to add this modern duplex to your investment portfolio.
Price History | |
---|---|
3/12/2024 | Listed $195,000 |
3/29/2024 | 4% - $189,000 |
4/24/2024 | 2% - $185,500 |
5/2/2024 | 4% - $179,900 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Radiator |
Cooling | None |
Possession | Immediate |
Zoning | RES |
Architectural Style | Traditional |
Construction Materials | Brick |
Year Built | 1920 |
Property SubType | Duplex |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | None |
Gross Income | 22220.00 |
Contingency Type | Home Inspection |
OwnerPays | Sewer,Snow Removal,Water |
Accessibility | None |
County | DELAWARE |
Net Operating Income | 15566.00 |
Operating Expense | 6654.00 |
Insurance Expense | 1126.00 |
New Construction | No |
Property Type | Multi-Family |
MaintenanceExpense | 2045.00 |
Garage Y/N | No |
Water Access Y/N | No |
Other Structures | Above Grade,Below Grade |
Status | ACTIVE UNDER CONTRACT |
Directions | Off 22nd St |
ModificationTimestamp | 2024-05-09T12:23:48 |
City | CHESTER |
Buyer Agent Compensation | 2 |
Total Units | 2 |
MLS Area | City Of Chester (10449) |
Lot Size Square Feet | 4792.00 |
Tax Assessed Value | 62700.0 |
Waterfront Y/N | No |
Number of Units Leased | 2 |
Street Name | MADISON |
Tax Annual Amount | 1700.0 |
Home Warranty Y/N | No |
Property Condition | Good |
Trash Expense | 0.00 |
Two Bedroom | 2 |
Structure Type | Twin/Semi-Detached |
One Bedroom Units Count | 1 |
Other Units | Unit 1,Unit 2 |
Price Per Sq Ft | 119.53 |
Acceptable Financing | Conventional,Cash |
Rent Control Y/N | No |
Vacation Rental Y/N | No |
Total SQFT | 1505 |
Days on Market | 59 |
Lease Type | Month to Month,Yearly |
Standard Status | Active Under Contract |
Year Built Source | Assessor |
Tax Lot | 343-000 |
Total Actual Rent | 22220.00 |
Cap Rate | 8.20 |
Buyer Agent Compensation Type | % Of Gross |
Association Recreation Fee | No |
Interior Features
Heating Fuel | Natural Gas |
---|---|
Hot Water | Natural Gas |
Furnished Units | None |
Heating Y/N | Yes |
Fireplace Y/N | No |
Street Suffix | STREET |
Central Air Y/N | No |
LivingAreaSource | Assessor |
Exterior Features
Pool Y/N | No Pool |
---|---|
Water Source | Public |
Type of Parking | On Street |
Land Use Code | R-20 |
Foundation Details | Stone |
Spa | No |
Water View Y/N | No |
Lot Dimensions | 40.00 x 120.00 |
Lot Size Acres | 0.11 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Pool Charge | 0.00 |
Land Assessed Value | 18580.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
LotDimensionsSource | Assessor |
Amenities
- 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