428 Penn Street Chester, PA $ 189,000
428 Penn Street
$ 189,000
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428 Penn Street

Chester, PA, 19013
$ 189,000
Bedrooms2 Baths0.0

Monthly Estimate*

$ 1,256

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Multi-Family Home for sale in Chester, PA

for $189,000 with 2 bedrooms. This home was built in 1900 on a lot size of 0.04.

Welcome to this fantastic investment opportunity in Chester, PA! This well-maintained duplex offers two occupied one-bedroom, one-bathroom units, generating a solid gross income of $27,000 per year, boasting a 9.11% cap rate. Both units feature long-term tenants and have been updated with in-unit laundry facilities, ensuring convenience for the occupants. 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!

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Multi-Family Active

Price

$ 189,000

Bedrooms

2

Property Type

Multi-Family

Taxes

$ 923

Style

Traditional

Lot Size

0.04

Year Built

1900

Town/City

Chester

County/Region

Delaware

MLS | Web ID

PADE2059498

Features
Interior
Heating Fuel Natural Gas
Basement Unfinished
Flooring Carpet Luxury Vinyl Plank Tile/Brick
Hot Water Natural Gas
Furnished Units None
Basement (Y/N) Y
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 Hot Water
Cooling None
Possession Negotiable
Roof Flat
Zoning RES
Architectural Style Traditional
Security Features Main Entrance Lock
Construction Materials Brick
Year Built 1900
Property SubType Duplex
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel None
Municipality CITY OF CHESTER
Gross Income 27960.00
Accessibility None
County DELAWARE
Net Operating Income 20193.00
Operating Expense 7767.00
Insurance Expense 3525.00
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions Just past the corner of 5th and Penn
City CHESTER
Buyer Agent Compensation 2.5
Total Units 2
MLS Area City Of Chester (10449)
Lot Size Square Feet 1742.00
Waterfront Y/N N
Number of Units Leased 2
Street Name PENN
Tax Annual Amount 923.0
Property Condition Average
Trash Expense 0.00
Two Bedroom 0
Structure Type Twin/Semi-Detached
Price Per Sq Ft Total 112.5
Acceptable Financing Cash Conventional FHA
Rent Control Y/N N
Vacation Rental Y/N N
Days on Market 46
Lease Type Month to Month
Standard Status Active
Year Built Source Assessor
Tax Lot 706-004
Total Actual Rent 27960.00
Cap Rate 9.11
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
Water View Y/N N
Lot Dimensions 17.20 x 100.00
Lot Size Acres 0.04
Lot Size Units Square Feet
Lot Size Source Assessor
Pool Charge 0.00
Land Assessed Value 10200.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 428
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* Excluded Features
List By
Compass New Jersey, Llc - Moorestown

Broker

jennifer.rothenberger@compass.com

Email

Affordability Calculator

$1,333
Per Month
94%
6%
0%
Monthly Principal & Interest
$1,256
Monthly Property Taxes
$77
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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Nearby
3536085 Elementary School
3535855 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/29/2024$189,000 -3.08% Price Down
1/8/2024$195,000 Listed Price

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428 Penn Street, Chester, PA, 19013 is a Multi-Family Home for sale at $189,000 with a lot size of 0.04. 428 Penn Street has 2 bedrooms, 0.0 baths, and was built in 1900. The property's zip code is 19013 which is in Chester, PA