Patterson-Schwartz Real Estate1121 Madison Street, Chester, PA 19013-5924 $129,000
Interior Sq. Ft: 1,568
Acreage: 0.04
Age:95 years
Style:
Straight Thru
Subdivision: None Available
Design/Type:
Interior Row/Townhouse
Description
Investor's Dream in Chester, PA – 1121 Madison Street 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!
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Radiator Heating, Natural Gas, None, None, Hot Water - Electric, Public Water, Public Sewer, Has Laundry, Hookup Laundry, Main Floor Laundry
Garage/Parking
On Street
Interior
Carpet, Ceiling Fan(s), Combination Dining/Living, Floor Plan - Open, Full Basement, Unfinished Basement, Carpet Flooring, Ceramic Tile Flooring, 9'+ Ceilings, Plaster Walls
Exterior
Stone Foundation, Flat Roof, Brick Exterior, Sidewalks, Street Lights
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-234-6089
Listing Courtesy of: Compass Pennsylvania, LLC , (267) 380-5813, marianne.dillon@compass.com
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Listing data as of 3/16/2025.
