$175,000
$179,900
2.7%For more information regarding the value of a property, please contact us for a free consultation.
1,505 SqFt
SOLD DATE : 06/12/2024
Key Details
Sold Price $175,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,505 sqft
Price per Sqft $116
MLS Listing ID PADE2063190
Sold Date 06/12/24
Style Traditional
Abv Grd Liv Area 1,505
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $1,700
Tax Year 2023
Lot Size 4,792 Sqft
Acres 0.11
Lot Dimensions 40.00 x 120.00
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.
Location
State PA
County Delaware
Area City Of Chester (10449)
Zoning RES
Interior
Hot Water Natural Gas
Heating Radiator
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Chester-Upland
Others
Tax ID 49-01-02136-00
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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Bought with Jonathan A Unrath • Weichert, Realtors - Cornerstone
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Agent | License ID: 0787303
129 CHESTER AVE., MOORESTOWN, Jersey, 08057, United States