1 /
32
Map
$185,500
↓ $4K (1.9%)
●
Multifamily -
For Sale
2115 MADISON ST
CHESTER, PA 19013
Studio
0 Bath
$911
Estimated Monthly
$0
HOA / Fees
About This Property
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.
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.
Unit Size
-
Days on Market
47 days
Land Size
0.11 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1920
Listed By
Last updated: 5 days ago (Bright MLS #PADE2063190)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 24, 2024 | Price Decreased |
$185,500
↓ $4K
(1.9%)
|
|
Price Decreased | |||
Mar 28, 2024 | Price Decreased |
$189,000
↓ $6K
(3.1%)
|
|
Price Decreased | |||
Mar 12, 2024 | Listed by Compass New Jersey, LLC - Moorestown | $195,000 | |
Listed by Compass New Jersey, LLC - Moorestown |
Property Highlights
Parking Details
Parking Features: On Street
Interior Details
Interior Information
Living Area Square Feet Source: Assessor
Exterior Details
Property Information
Ownership Interest: Fee Simple
Property Condition: Good
Year Built Source: Assessor
Building Information
Foundation Details: Stone
Other Structures: Above Grade, Below Grade
Structure Type: Twin/Semi-Detached
Construction Materials: Brick
Pool Information
No Pool
Lot Information
Tidal Water: N
Lot Size Dimensions: 40.00 x 120.00
Lot Size Source: Assessor
Land Information
Land Assessed Value: $62,700
Financial Details
County Tax: $188
County Tax Payment Frequency: Annually
City Town Tax: $614
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $62,700
Tax Year: 2023
Tax Annual Amount: $1,700
Year Assessed: 2023
Utilities Details
Cooling Type: None
Heating Type: Radiator
Cooling Fuel: None
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Townhouse
3
Beds
1
Bath
1,452 ft²
$140/ft²
$203,000
Apr 21, 2023
$203,000
Nov 2, 2023
-
House
6
Beds
2
Baths
2,541 ft²
$71/ft²
$180,000
Oct 2, 2023
$180,000
Nov 15, 2023
-
Sold
House
3
Beds
1
Bath
1,428 ft²
$126/ft²
$180,000
Mar 7, 2023
$180,000
Apr 10, 2023
-
Sold
House
3
Beds
1
Bath
1,232 ft²
$142/ft²
$175,000
Nov 8, 2023
$175,000
Dec 22, 2023
-
Sold
House
3
Beds
1
Bath
1,132 ft²
$158/ft²
$178,800
Nov 2, 2023
$178,800
Dec 18, 2023
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|