Welcome to 612 Highland Ave, a beautifully renovated duplex offering an excellent investment opportunity in the thriving Chester, PA market. With a CAP Rate of 9.22%, this property promises steady rental income and long-term value appreciation. Situated in a convenient neighborhood, this duplex is perfect for investors looking to capitalize on a strong rental demand while offering tenants a comfortable, modern living space.
Property Highlights:
Two Separate Units:
1st Floor: Occupied ($1150 Monthly Current Rent)1-bedroom unit with spacious living areas, updated kitchen, and modern bath. This is a long term tenant, in good standing, who. would like to stay.
2nd Floor: Vacant ( Market Monthly Rent $1400) 3-bedroom unit, freshly renovated with a generous layout, updated kitchen, and new bathroom.
Renovated Units: Both units feature brand-new LVP flooring, fresh paint, and new windows, providing a clean, bright, and low-maintenance environment.
Modern Kitchens: Each unit boasts updated kitchens with new cabinetry, countertops, and energy-efficient appliances, offering a contemporary living experience.
Off-Street Parking: Tenants enjoy the convenience of off-street parking, adding value and accessibility to the property.
Investment Opportunity:
Cap Rate: 9.22%
Strong Rental Income Potential: With a mix of an occupied unit and a newly vacated, updated unit, this duplex offers the flexibility to retain current tenants while attracting new renters for the upstairs unit.
Low Maintenance: Recent renovations have minimized the need for immediate upkeep, making it an ideal "turnkey" investment.
Location:
Located in Chester, PA, this duplex is just minutes from local shopping, dining, public transportation, and major highways, offering convenient access to the surrounding areas. Chester is a growing community with an increasing demand for rental properties, making this an exceptional location for investors.
Additional Features:
Recent Renovations: New LVP flooring, new windows, and updated kitchens throughout both units.
Off-Street Parking: Ample parking space for tenants.
Turnkey Investment: Ready to start generating rental income immediately with minimal effort.
612 Highland Ave represents a rare opportunity for investors seeking a well-maintained, income-generating property with immediate returns. Don't miss out on this prime duplex in a high-demand rental market!
Schedule your showing today!
The income description goes here to explain
List Price | $229,900 |
Property Type | Duplex (2-units) |
Usable Sqft | 2,262 |
Number of Stories | 0 stories |
Parking Spots | 0 spots |
Year Built | 1920 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 49110160100 |
MLS # | PADE2081124 |
Property ID | 321120270 |
Lot Sqft | 3,485 |
Zoning | RESIDENTIAL |
Total Units | 2 |
Days on Market | 58 |
Original List Price | Unknown |
Date Updated | February 07, 2025 |
Date Created | December 15, 2024 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | $31,393 | $0 |
Net Income (Yr) | $ 21,648 |
Cap Rate | 9.22% |
Jennifer J Rothenberger an agent of .
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