612 Highland Ave, Chester, PA 19013 | For Sale

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For Sale $229,900 ($101.64 per Sq Ft)

$229,900 ($101.64 per Sq Ft)
  • (0)
  • Unknown Bedrooms
  • Unknown Bathrooms
  • 2,262 Sq Ft
  • 3,485 Sq Ft

Description

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!

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

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%

Listing Provided By

Jennifer J Rothenberger an agent of .


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Data last updated: February 11, 2025.
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