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Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,598 sqft
Price per Sqft $115
Subdivision Chester City
MLS Listing ID PADE2075064
Sold Date 11/15/24
Style Other
Abv Grd Liv Area 2,598
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $5,240
Tax Year 2024
Lot Size 3,900 Sqft
Acres 0.09
Descripción de la propiedad
This wonderful investment and/or owner occupant opportunity 4 unit building will not disappoint! This three story single has it all from its recently renovated from top to bottom features to the turn-key income producing potential that you will have right out of the gate after adding tenants. The owner did not renew 3 of 4 leases so you have opportunity to either live here yourself or choose your own tenants, This property consists of a large 1st floor unit, a wrap around porch leads to a living room with new laminate floors, newer spacious kitchen, with new appliances including elec. stove, built in dishwasher and microwave. and refrigerator. There is a large bedroom with new carpet and an adjacent home office or nursery. The full bath has newer fixtures including a pedestal sink and jetted tub!. There is a convenient washer/dryer in the hallway. There is access to a large unfinished basement with an outside access and plenty of storage. The tenants pay for heat and electric.
There are two 2nd floor apartments. The front one bedroom is occupied by a long term tenant and has a washer/dryer unit.. The rear is a spacious one bedroom apartment, with completely new carpet and kitchen with nice oak cabinets, stove ,refrigerator and built in microwave. There is a shower stall full bath.
The third floor eff. apt.is carpeted and has a large kitchen with elec. stove and microwave.
Their is a level private rear yard and a fire escape from upper units. Each apt. has separate electric service. The landlord pays for, sewer and water, there is a newer 80 gallon H/W heater. The rear lower roof just replaced in 2023. Most windows have been replaced, some new plumbing. Globus central fire alarm system. Building is well located 5 minutes from I95, 10 minutes from New Jersey and Delaware.
Projected total rents= $4000 monthly, Landlord average expenses (utilities and Insurance)= $5300
CAP rate at list price is over 11%
Location
State PA
County Delaware
Area City Of Chester (10449)
Zoning RES
Rooms
Basement Full
Interior
Interior Features Bathroom - Jetted Tub, Ceiling Fan(s)
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Hardwood, Carpet, Ceramic Tile
Equipment Built-In Microwave, Built-In Range, Microwave
Fireplace N
Appliance Built-In Microwave, Built-In Range, Microwave
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Lot Description Front Yard, Rear Yard
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
High Schools Chester High School - Main Campus
School District Chester-Upland
Others
Tax ID 49-01-01554-00
Ownership Fee Simple
SqFt Source Estimated
Security Features Fire Detection System,Smoke Detector
Acceptable Financing Conventional, VA, FHA 203(b)
Listing Terms Conventional, VA, FHA 203(b)
Financing Conventional,VA,FHA 203(b)
Special Listing Condition Standard
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Bought with Gerald Knott • Realty Mark Associates-CC