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3 Beds
1 Bath
1,256SqFt
Active
**Investor's Dream in Chester, PA – Tenant-Occupied Gem with Strong Returns** Welcome to 1119 Madison Street, a smart investment opportunity with an established tenant history. This brick row home is tenant-occupied, offering flexibility with a month-to-month lease. The current tenants have called this place home for 9 years and wishes to continue their stay. Property Highlights: - Strong Investment Potential: With a current CAP rate of 8.6% and the potential for an impressive 10.7% when rented at market value, this property is an ideal addition to your portfolio. - Spacious Living: The home offers a generous 1,256 square feet of living space, featuring an open concept living and dining area that seamlessly flows into the kitchen, perfect for modern living. - Unique Layout: The second floor hosts two bedrooms and a full bathroom, along with a large laundry room for convenience. The third floor adds character with a third bedroom, complete with interesting angles and ample closet space. - Outdoor Space: Enjoy the privacy of a fully fenced backyard, a rare find for row homes in this area. This property is set on a total lot size of 1,612 square feet, providing ample space for tenants to enjoy. Don't miss out on this opportunity to own a property with strong returns and a stable tenant history. This could be paired with 1121 Madison which is also listed, MLS# PADE2084876, to further expand your investment portfolio. Contact us today to explore this investment potential further. Property to sell as-is with the asking price reflective of the condition.
Property Details | ||
---|---|---|
Price | $129,000 | |
Bedrooms | 3 | |
Full Baths | 1 | |
Total Baths | 1 | |
Property Style | Straight Thru | |
Lot Size | 16.00 x 97.00 | |
Lot Size Area Units | Square Feet | |
Acres | 0.04 | |
Property Type | Residential | |
Sub type | Townhouse | |
MLS Sub type | Interior Row/Townhouse | |
Stories | 3 | |
Features | Bathroom - Tub Shower,Carpet,Ceiling Fan(s),Combination Dining/Living | |
Exterior Features | Exterior Lighting,Sidewalks,Street Lights | |
Year Built | 1930 | |
Subdivision | NONE AVAILABLE | |
Roof | Flat | |
Heating | Forced Air | |
Foundation | Crawl Space | |
Accessibility | None | |
Geographic Data | ||
Directions | Between E 10th St and Rose St | |
County | DELAWARE | |
Latitude | 39.8558 | |
Longitude | -75.35983 | |
Market Area | City Of Chester (10449) | |
Address Information | ||
Address | 1119 MADISON ST, CHESTER, PA 19013 | |
Postal Code | 19013 | |
City | CHESTER | |
State | PA | |
Country | United States | |
Listing Information | ||
Listing Office | Compass Pennsylvania, LLC | |
Listing Office Email | marianne.dillon@compass.com | |
Listing Agent | Jennifer Rothenberger | |
Special listing conditions | Standard | |
Ownership | Fee Simple | |
Terms | Conventional,Cash | |
School Information | ||
District | CHESTER-UPLAND | |
MLS Information | ||
Days on market | 28 | |
MLS Status | Active | |
Listing Date | Feb 27, 2025 | |
Listing Last Modified | Apr 4, 2025 | |
Tax ID | 49-02-01216-00 | |
Tax Year | 2024 | |
Tax Annual Amount | 826 | |
MLS Area | City Of Chester (10449) | |
MLS # | PADE2084808 |
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Last updated: 2025-04-05T15:30:47.479588Z. Listing information is provided by Bright MLS. Listings are generated from various brokers who participate in IDX. Information is deemed reliable but not guaranteed.