Property
Chester, PA 19013 428 Penn Street
$169,900
27 more
Presented By: Compass New Jersey, LLC - Moorestown
Beds • 2
Home Details
Updated photos after the vacated units were renovated! Welcome to this fantastic investment opportunity in Chester, PA! This duplex offers 2 one-bedroom, one-bathroom units, generating a solid gross income of $27,960 per year, boasting a 10.47% cap rate.
Both units are vacant, perfect for the savvy investor to live in one and collect rent on the other, or to rent out both and generate more income. The interior is updated and features open floor plans, along with in unit laundry for both. 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!
Presented By: Compass New Jersey, LLC - Moorestown
Interior Features for 428 Penn Street
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceAssessor
BasementUnfinished
Basement (Y/N)Yes
Central Air Y/NNo
Fireplace Y/NNo
FlooringCarpet, Luxury Vinyl Plank, Tile/Brick
Furnished UnitsNone
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
General for 428 Penn Street
Acceptable FinancingCash, Conventional, FHA
AccessibilityNone
Architectural StyleTraditional
Association Recreation FeeN
Cap Rate10.47
CityCHESTER
Construction MaterialsBrick
Cool FuelNone
CoolingNone
CountyDELAWARE
Days on Market173
DirectionsJust past the corner of 5th and Penn
Garage Y/NNo
Gross Income27960.00
HeatingHot Water
Insurance Expense3525.00
Lease TypeMonth to Month
Lot Size Square Feet1742.00
Lot Size UnitsSquare Feet
MLS AreaCity Of Chester (10449)
MaintenanceExpense800.00
ModificationTimestamp2024-10-03T12:03:29
MunicipalityCITY OF CHESTER
Net Operating Income20193.00
New ConstructionNo
Number of Units Leased2
NumberOfUnitsTotal2
NumberOfUnitsVacant2
One Bedroom Units Count2
Operating Expense7767.00
Other StructuresAbove Grade, Below Grade
OwnerPaysHeat, Gas, Lawn/Shrub Care, Snow Removal, Taxes - Real Estate, Water
Percent OwnershipFee Simple
PossessionNegotiable
Price Per Sq Ft Total AG101.13
Property ConditionAverage
Property SubTypeDuplex
Property TypeMulti-Family
Rent Control Y/NNo
RoofFlat
School DistrictCHESTER-UPLAND
Security FeaturesMain Entrance Lock
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeTwin/Semi-Detached
Tax Annual Amount928.0
Tax Assessed Value34060.0
Tax Lot706-004
Tax Year2024
Total Actual Rent27960.00
Total SQFT1680
Trash Expense0.00
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1900
Year Built SourceAssessor
ZoningRES
Exterior for 428 Penn Street
Foundation DetailsStone
Land Assessed Value10200.00
Land Use CodeR-20
Lot Dimensions17.20 x 100.00
Lot Size Acres0.04
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Pool Charge0.00
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Derrick Sims
Associate