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428 Penn Street

CHESTER, PA 19013
  • $189,000
  • STATUS: Active
  • ON SITE: 157 Days
  • MLS #: PADE2059498
$189,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,680
    SQFT
  • $113
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

School District:

Description

Welcome to this fantastic investment opportunity in Chester, PA! This well-maintained duplex offers two occupied one-bedroom, one-bathroom units, generating a solid gross income of $27,000 per year, boasting a 9.11% cap rate.Both units feature long-term tenants and have been updated with in-unit laundry facilities, ensuring convenience for the occupants. The property's exterior is equally appealing, with a fenced yard providing privacy and a charming front porch adding to its curb appeal.Conveniently located near Widener University and in close proximity to Philadelphia, this property presents an excellent opportunity for an investor looking to expand their portfolio in a thriving rental market.Don't miss out on this turnkey investment property in a prime location with great income potential. Please note that this property does require flood insurance. Owner pays $200 monthly for flood insurance. Schedule a showing today to explore the possibilities this duplex has to offer!

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www.chesapeakebayproperties.com/homes/146483747
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428 Penn Street CHESTER, PA 19013

  • Price: $189,000
  • Status: Active
  • On Site: 157 Days
  • MLS #: PADE2059498
0
Beds
0
Baths
0
½ Baths
0.04
Acres
1,680
SQFT
$113
$/SQFT
1900
Built
Neighborhood:
City Of Chester (10449)
County:
Delaware
Area:
City Of Chester (10449)
School District:
Chester-Upland
Property Description
Welcome to this fantastic investment opportunity in Chester, PA! This well-maintained duplex offers two occupied one-bedroom, one-bathroom units, generating a solid gross income of $27,000 per year, boasting a 9.11% cap rate.Both units feature long-term tenants and have been updated with in-unit laundry facilities, ensuring convenience for the occupants. The property's exterior is equally appealing, with a fenced yard providing privacy and a charming front porch adding to its curb appeal.Conveniently located near Widener University and in close proximity to Philadelphia, this property presents an excellent opportunity for an investor looking to expand their portfolio in a thriving rental market.Don't miss out on this turnkey investment property in a prime location with great income potential. Please note that this property does require flood insurance. Owner pays $200 monthly for flood insurance. Schedule a showing today to explore the possibilities this duplex has to offer!
Exterior Features

Architectural Style Traditional Construction Materials Brick Garage YN No Parking Types On Street Pool No Pool Property Condition Average Roof Flat Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1680 Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplace YN No Flooring CarpetLuxury Vinyl PlankTile/Brick Heating Hot Water Heating YN Yes Security Features Main Entrance Lock Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0 Units Furnished None

Property Features

Acceptable Financing CashConventionalFHA Accessibility Features None Central Air YN No Cooling Fuel None Existing Lease Type Month to Month Foundation Details Stone Gross Income 27960.00 Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 3525.00 Maintenance Expense 800.00 Municipality CITY OF CHESTER Navigable Water YN N Net Operating Income 20193.00 New Construction YN No Number Of Units Leased 2 Number Of Units Total 2 Number Of Units Vacant 0 Operating Expense 7767.00 Operating Expense Includes InsuranceTrashSnow Removal Original MLSNumber 802800737314 Owner Pays HeatGasLawn/Shrub CareSnow RemovalTaxes - Real EstateWater Ownership Interest Fee Simple Pool Expense 0.00 Property Sub Type Duplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 923.00 Tax Lot 706-004 Total Actual Rent 27960.00 Trash Expense 0.00 Vacation Rental YN No Water Source Public Zoning RES

 
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