3 Beds
2 Baths
1,568 SqFt
3 Beds
2 Baths
1,568 SqFt
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,568 sqft
Price per Sqft $82
Subdivision None Available
MLS Listing ID PADE2084876
Style Straight Thru
Bedrooms 3
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 1,568
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $1,003
Tax Year 2024
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 16.00 x 97.00
Property Sub-Type Interior Row/Townhouse
Property Description
Discover the perfect investment opportunity with this charming property located at 1121 Madison Street in Chester, PA. This tenant-occupied home has been a reliable income source for over five years, currently operating on a month-to-month lease with tenants eager to stay. With a current CAP rate of 9.48% and the potential to reach 10.8% upon lease renewal, this property offers both stability and growth.
Step inside to an inviting open-concept layout featuring a spacious living and dining room combo that seamlessly connects to the kitchen. The kitchen, while compact, is designed for efficiency, making meal prep a breeze. Adjacent to the kitchen, you'll find a convenient first-floor laundry area and a bonus mudroom leading to the fully fenced, expansive backyard – a great space for outdoor activities and gatherings.
Upstairs, the home offers three well-sized bedrooms, each providing ample closet space for tenants' needs. The full bathroom is equipped with a shower/tub combo, ensuring convenience and versatility.
Additionally, the property includes a full, unfinished basement, ideal for extra storage or potential future enhancements. With a total of 1,568 square feet of living space on a 1,612 square foot lot, this property combines comfort, practicality, and investment potential.
Don't miss out on this exceptional opportunity to expand your real estate portfolio with a promising asset in Chester, PA. Interested in expanding your rental portfolio even more? Take a look at 1119 Madison, right next door MLS #PADE2084808. Also tenant occupied for immediate rental income! Contact us today to explore this smart investment!
Location
State PA
County Delaware
Area City Of Chester (10449)
Zoning RESIDENTIAL
Rooms
Basement Full, Unfinished
Interior
Interior Features Bathroom - Tub Shower, Carpet, Ceiling Fan(s), Combination Dining/Living, Floor Plan - Open
Hot Water Electric
Heating Radiator
Cooling None
Flooring Carpet, Ceramic Tile
Furnishings No
Fireplace N
Heat Source Natural Gas
Laundry Has Laundry, Main Floor, Hookup
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Story 2
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Level or Stories 2
Additional Building Above Grade, Below Grade
Structure Type 9'+ Ceilings,Plaster Walls
New Construction N
Schools
School District Chester-Upland
Others
Pets Allowed N
Senior Community No
Tax ID 49-02-01217-00
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash
Horse Property N
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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1521 Concord Pike, Suite 102, Wilmington, DE, 19803, United States