Price Reduction
Address
2115 Madison Street, Chester, PA
Price
$ 185,500
Property Attributes
- MLS#PADE2063190
- TypeMulti-Family
- CountyDELAWARE
- CityChester
- AreaCity Of Chester
- Zip19013
- StyleTraditional
- Year Built1920
- Taxes$ 1700
- Price$ 185,500
- 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 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Radiator |
| Cooling | None |
| Possession | Immediate |
| Zoning | RES |
| Pool Y/N | No Pool |
| 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 |
| 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 |
| Directions | Off 22nd St |
| ModificationTimestamp | 2024-04-24T12:09:54 |
| 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 | 123.26 |
| Acceptable Financing | Conventional,Cash |
| Rent Control Y/N | No |
| Vacation Rental Y/N | No |
| Total SQFT | 1505 |
| Days on Market | 44 |
| Lease Type | Month to Month,Yearly |
| Standard Status | Active |
| 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
| 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
Property vs Multi-Family Average in 19013
Price
Taxes
Visits
Year Built
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