Description
**Investor's Dream in Chester, PA " Tenant-Occupied Gem with Strong Returns**Welcome to 1119 Madison Street, a smart investment opportunity with an established tenant history. This brick row home is tenant-occupied, offering flexibility with a month-to-month lease. The current tenants have called this place home for 9 years and wishes to continue their stay.Property Highlights:- Strong Investment Potential: With a current CAP rate of 8.6% and the potential for an impressive 10.7% when rented at market value, this property is an ideal addition to your portfolio.- Spacious Living: The home offers a generous 1,256 square feet of living space, featuring an open concept living and dining area that seamlessly flows into the kitchen, perfect for modern living.- Unique Layout: The second floor hosts two bedrooms and a full bathroom, along with a large laundry room for convenience. The third floor adds character with a third bedroom, complete with interesting angles and ample closet space.- Outdoor Space: Enjoy the privacy of a fully fenced backyard, a rare find for row homes in this area.This property is set on a total lot size of 1,612 square feet, providing ample space for tenants to enjoy. Don't miss out on this opportunity to own a property with strong returns and a stable tenant history. This could be paired with 1121 Madison which is also listed, MLS# PADE2084876, to further expand your investment portfolio. Contact us today to explore this investment potential further. Property to sell as-is with the asking price reflective of the condition.
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3BEDS
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0.04ACRES
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1BATHS
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01/2 BATHS
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1,256SQFT
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$103$/SQFT
Description
**Investor's Dream in Chester, PA " Tenant-Occupied Gem with Strong Returns**Welcome to 1119 Madison Street, a smart investment opportunity with an established tenant history. This brick row home is tenant-occupied, offering flexibility with a month-to-month lease. The current tenants have called this place home for 9 years and wishes to continue their stay.Property Highlights:- Strong Investment Potential: With a current CAP rate of 8.6% and the potential for an impressive 10.7% when rented at market value, this property is an ideal addition to your portfolio.- Spacious Living: The home offers a generous 1,256 square feet of living space, featuring an open concept living and dining area that seamlessly flows into the kitchen, perfect for modern living.- Unique Layout: The second floor hosts two bedrooms and a full bathroom, along with a large laundry room for convenience. The third floor adds character with a third bedroom, complete with interesting angles and ample closet space.- Outdoor Space: Enjoy the privacy of a fully fenced backyard, a rare find for row homes in this area.This property is set on a total lot size of 1,612 square feet, providing ample space for tenants to enjoy. Don't miss out on this opportunity to own a property with strong returns and a stable tenant history. This could be paired with 1121 Madison which is also listed, MLS# PADE2084876, to further expand your investment portfolio. Contact us today to explore this investment potential further. Property to sell as-is with the asking price reflective of the condition.
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