3 Beds
1 Bath
1,256 SqFt
3 Beds
1 Bath
1,256 SqFt
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,256 sqft
Price per Sqft $102
Subdivision None Available
MLS Listing ID PADE2084808
Style Straight Thru
Bedrooms 3
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 1,256
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $826
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
Welcome to 1119 Madison Street, a smart investment opportunity with an established tenant history. This brick row home is tenant-occupied, offering flexibility with a month-to-month lease. The current tenants have called this place home for 9 years and wishes to continue their stay.
Property Highlights:
- Strong Investment Potential: With a current CAP rate of 8.6% and the potential for an impressive 10.7% when rented at market value, this property is an ideal addition to your portfolio.
- Spacious Living: The home offers a generous 1,256 square feet of living space, featuring an open concept living and dining area that seamlessly flows into the kitchen, perfect for modern living.
- Unique Layout: The second floor hosts two bedrooms and a full bathroom, along with a large laundry room for convenience. The third floor adds character with a third bedroom, complete with interesting angles and ample closet space.
- Outdoor Space: Enjoy the privacy of a fully fenced backyard, a rare find for row homes in this area.
This property is set on a total lot size of 1,612 square feet, providing ample space for tenants to enjoy. Don't miss out on this opportunity to own a property with strong returns and a stable tenant history. This could be paired with 1121 Madison which is also listed, MLS# PADE2084876, to further expand your investment portfolio. Contact us today to explore this investment potential further.
Location
State PA
County Delaware
Area City Of Chester (10449)
Zoning RESIDENTIAL
Interior
Interior Features Bathroom - Tub Shower, Carpet, Ceiling Fan(s), Combination Dining/Living
Hot Water Electric
Heating Forced Air
Cooling None
Flooring Laminate Plank, Carpet, Tile/Brick
Equipment Built-In Microwave, Oven/Range - Gas, Refrigerator
Furnishings No
Fireplace N
Appliance Built-In Microwave, Oven/Range - Gas, Refrigerator
Heat Source Natural Gas
Laundry Has Laundry, Upper Floor
Exterior
Fence Fully
Water Access N
Roof Type Flat
Street Surface Black Top
Accessibility None
Road Frontage City/County
Garage N
Building
Story 3
Foundation Crawl Space
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Chester-Upland
Others
Senior Community No
Tax ID 49-02-01216-00
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash
Horse Property N
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
rakan.a@firststatehometeam.com
1521 Concord Pike, Suite 102, Wilmington, DE, 19803, United States