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1121 MADISON ST Chester, PA 19013
UPDATED:
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! Property to sell in As-Is condition, asking price is reflective of the condition.
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
