Welcome to 2115 Madison Street, a modern duplex offering an incredible investment opportunity in Chester, PA. This property boasts two spacious units, with a 2-bedroom unit and a 1-bedroom unit, both currently occupied. The total square footage of this property is 1505 square feet, nestled on a generous lot spanning 4792 square feet.
Each unit within this duplex features private access, open floor plans, and in-unit laundry facilities, providing modern convenience for its residents. The property is in good condition with contemporary touches, ensuring a comfortable and stylish living environment.
As an investor's dream, the current annual rental income stands at $22,220, yielding an impressive 8.2% cap rate. With the potential for increased rents, the projected annual income could reach $28,080, resulting in an 11% cap rate. This presents an outstanding opportunity for a savvy investor to maximize returns in a rapidly growing market.
Don't miss out on the chance to own this lucrative multi-family unit with a promising future. Schedule a showing today and seize the opportunity to add this modern duplex to your investment portfolio.
Property Type :
Multi-Family
County :
DELAWARE
Style :
Multi-Family
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ByOwner last updated this listing 04/27/2024 @ 18:25
MLS: PADE2063190
LISTED BY: Jennifer J Rothenberger , Compass New Jersey, LLC - Moorestown
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
