Price Reduction
Address
428 Penn Street, Chester, PA
Price
$ 185,000
Property Attributes
- MLS#PADE2059498
- TypeMulti-Family
- CountyDELAWARE
- CityChester
- AreaCity Of Chester
- Zip19013
- StyleTraditional
- Year Built1900
- Taxes$ 928
- Price$ 185,000
- Bedrooms2
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.04 Acres
Data Source:
Bright MLS
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!
| Price History | |
|---|---|
| 1/8/2024 | Listed $195,000 |
| 5/29/2024 | 4% - $189,000 |
| 6/27/2024 | 3% - $185,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Hot Water |
| Cooling | None |
| Possession | Negotiable |
| Roof | Flat |
| Zoning | RES |
| Architectural Style | Traditional |
| Security Features | Main Entrance Lock |
| Construction Materials | Brick |
| School District | CHESTER-UPLAND |
| Year Built | 1900 |
| Property SubType | Duplex |
| Tax Year | 2024 |
| Percent Ownership | Fee Simple |
| Cool Fuel | None |
| Gross Income | 27960.00 |
| OwnerPays | Heat,Gas,Lawn/Shrub Care,Snow Removal,Taxes - Real Estate,Water |
| Accessibility | None |
| County | DELAWARE |
| Net Operating Income | 20193.00 |
| Operating Expense | 7767.00 |
| Insurance Expense | 3525.00 |
| New Construction | No |
| Property Type | Multi-Family |
| MaintenanceExpense | 800.00 |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | Just past the corner of 5th and Penn |
| ModificationTimestamp | 2024-06-27T13:11:07 |
| City | CHESTER |
| Buyer Agent Compensation | 2.5 |
| NumberOfUnitsTotal | 2 |
| MLS Area | City Of Chester (10449) |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 1742.00 |
| Tax Assessed Value | 34060.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 2 |
| Tax Annual Amount | 928.0 |
| Property Condition | Average |
| Trash Expense | 0.00 |
| Structure Type | Twin/Semi-Detached |
| One Bedroom Units Count | 2 |
| Price Per Sq Ft Total AG | 110.12 |
| Acceptable Financing | Cash,Conventional,FHA |
| Rent Control Y/N | No |
| Vacation Rental Y/N | No |
| Total SQFT | 1680 |
| Days on Market | 75 |
| Lease Type | Month to Month |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 706-004 |
| Total Actual Rent | 27960.00 |
| Cap Rate | 9.11 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Basement | Unfinished |
| Flooring | Carpet,Luxury Vinyl Plank,Tile/Brick |
| Hot Water | Natural Gas |
| Furnished Units | None |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Central Air Y/N | No |
| LivingAreaSource | Assessor |
Exterior Features
| Pool | No Pool |
|---|---|
| Water Source | Public |
| Type of Parking | On Street |
| Land Use Code | R-20 |
| Foundation Details | Stone |
| Water View Y/N | No |
| Lot Dimensions | 17.20 x 100.00 |
| Lot Size Acres | 0.04 |
| Lot Size Source | Assessor |
| Pool Charge | 0.00 |
| Land Assessed Value | 10200.00 |
| 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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