2115 Madison Street
Chester, PA 19013
- – beds
- – baths
- 1,505 sqft
- 4,792 sqft lot
- $116 per sqft
- 1920 build
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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.
Listing courtesy of BRIGHT / Compass New Jersey, LLC - Moorestown
Last checked:
Checking…
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Last updated Oct 17, 2024
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MLS# PADE2063190 —
The Building
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Year Built:1920
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Brick
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Structure Type:Twin/Semi-Detached
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Architectural Style:Traditional
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Building Units Total:2
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Accessibility Features:None
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Foundation Details:Stone
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Building Winterized:No
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:1505
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:1505
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Living Area SqFt:1,505 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Conventional, Cash
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Buyer Financing:Conventional
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Possession:Immediate
Location
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Directions:Off 22nd St
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Latitude:39.86469000
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Longitude:-75.36581000
The Property
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Property Type:Multi-Family
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Property Subtype:Duplex
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Property Condition:Good
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Lot Size Units:Square Feet
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Lot Size Acres:0.11
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Lot Size Source:Assessor
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Lot Size Dimensions:40.00 x 120.00
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Lot Dimensions Source:Assessor
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Lot SqFt:4,792 Sqft
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Zoning:RES
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:R-20
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (856) 322-2964
- Office phone:
- (856) 214-2639
Taxes
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Tax ID Number:49-01-02136-00
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Tax Year:2023
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Tax Lot:343-000
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Tax Annual Amount:$1,700
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Tax Assessed Value:$62,700
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Year Assessed:2023
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School Tax:897.0
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County Tax:188.00
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City/Town Tax:614.00
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Total Taxes Payment Frequency:Annually
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Radiator
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:Chester Upland
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School District Source:3rd Party
The Community
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Pool:No Pool
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Spa:No
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Association Recreation Fee:No
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Cap Rate:8.20
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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# of Units:1
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Other Units:Unit 1,Unit 2
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Vacation Rental:No
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Units Furnished:None
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One Bedroom Units:1
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Two Bedroom Units:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/12/24
Jun 12, 2024
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Sold | BRIGHT | $175,000 | -2.7% |
5/21/24
May 21, 2024
|
Pending | BRIGHT | $179,900 | |
5/9/24
May 9, 2024
|
Sold Subject To Contingencies | BRIGHT | $179,900 |