2115 Madison Street Chester, PA $ 179,900
2115 Madison Street
$ 179,900
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2115 Madison Street

Chester, PA, 19013
$ 179,900
Bedrooms5 Baths0.0

Monthly Estimate*

$ 1,196

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Multi-Family Home for sale in Chester, PA

for $179,900 with 5 bedrooms. This home was built in 1920 on a lot size of 0.11.

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.

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Multi-Family Pending

Price

$ 179,900

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 1,700

Style

Traditional

Lot Size

0.11

Year Built

1920

Town/City

Chester

County/Region

Delaware

MLS | Web ID

PADE2063190

Features
Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Furnished Units None
Heating Y/N Y
Fireplace Y/N N
Street Suffix STREET
Central Air Y/N N
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General
Sewer Public Sewer
Heating Radiator
Cooling None
Possession Immediate
Zoning RES
Architectural Style Traditional
Construction Materials Brick
Year Built 1920
Property SubType Duplex
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel None
Municipality CITY OF CHESTER
Gross Income 22220.00
Accessibility None
County DELAWARE
Net Operating Income 15566.00
Operating Expense 6654.00
Insurance Expense 1126.00
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status PENDING
Directions Off 22nd St
City CHESTER
Buyer Agent Compensation 2
Total Units 2
MLS Area City Of Chester (10449)
Lot Size Square Feet 4792.00
Waterfront Y/N N
Number of Units Leased 2
Street Name MADISON
Tax Annual Amount 1700.0
Home Warranty Y/N N
Property Condition Good
Trash Expense 0.00
Two Bedroom 2
Structure Type Twin/Semi-Detached
Price Per Sq Ft Total 119.53
Acceptable Financing Conventional Cash
Rent Control Y/N N
Vacation Rental Y/N N
Days on Market 59
Lease Type Month to Month Yearly
Standard Status Pending
Year Built Source Assessor
Tax Lot 343-000
Total Actual Rent 22220.00
Cap Rate 8.20
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Pool No Pool
Water Source Public
Type of Parking On Street
Foundation Details Stone
Spa N
Water View Y/N N
Lot Dimensions 40.00 x 120.00
Lot Size Acres 0.11
Lot Size Units Square Feet
Lot Size Source Assessor
Pool Charge 0.00
Land Assessed Value 18580.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 2115
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* Excluded Features
List By
Compass New Jersey, Llc - Moorestown

Broker

jennifer.rothenberger@compass.com

Email

Affordability Calculator

$1,337
Per Month
89%
11%
0%
Monthly Principal & Interest
$1,196
Monthly Property Taxes
$142
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3536085 Elementary School
3535855 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/2/2024$179,900 -3.02% Price Down
4/24/2024$185,500 -1.85% Price Down
3/29/2024$189,000 -3.08% Price Down
3/12/2024$195,000 Listed Price

Map


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2115 Madison Street, Chester, PA, 19013 is a Multi-Family Home for sale at $179,900 with a lot size of 0.11. 2115 Madison Street has 5 bedrooms, 0.0 baths, and was built in 1920. The property's zip code is 19013 which is in Chester, PA