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1121 Madison St
For Sale $129,000 ($82.27 per Sq Ft)
$129,000 ($82.27 per Sq Ft)
- 3 Bedrooms
- 2 Bathrooms
- 1,568 Sq Ft
- 1,742 Sq Ft
Description
Investor's Dream in Chester, PA – 1121 Madison Street
Discover the perfect investment opportunity with this charming property located at 1121 Madison Street in Chester, PA. This tenant-occupied home has been a reliable income source for over five years, currently operating on a month-to-month lease with tenants eager to stay. With a current CAP rate of 9.48% and the potential to reach 10.8% upon lease renewal, this property offers both stability and growth.
Step inside to an inviting open-concept layout featuring a spacious living and dining room combo that seamlessly connects to the kitchen. The kitchen, while compact, is designed for efficiency, making meal prep a breeze. Adjacent to the kitchen, you'll find a convenient first-floor laundry area and a bonus mudroom leading to the fully fenced, expansive backyard – a great space for outdoor activities and gatherings.
Upstairs, the home offers three well-sized bedrooms, each providing ample closet space for tenants' needs. The full bathroom is equipped with a shower/tub combo, ensuring convenience and versatility.
Additionally, the property includes a full, unfinished basement, ideal for extra storage or potential future enhancements. With a total of 1,568 square feet of living space on a 1,612 square foot lot, this property combines comfort, practicality, and investment potential.
Don't miss out on this exceptional opportunity to expand your real estate portfolio with a promising asset in Chester, PA. Interested in expanding your rental portfolio even more? Take a look at 1119 Madison, right next door MLS #PADE2084808. Also tenant occupied for immediate rental income! Contact us today to explore this smart investment!
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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
Property Details
| List Price | $129,000 |
| Property Type | Single Family Homes |
| Usable Sqft | 1,568 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1930 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 49020121700 |
| MLS # | PADE2084876 |
| Property ID | 321304725 |
| Lot Sqft | 1,742 |
| Zoning | RESIDENTIAL |
| Days on Market | 16 |
| Original List Price | Unknown |
| Date Updated | March 10, 2025 |
| Date Created | February 26, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $16,200 | $0 |
Listing Provided By
Jennifer J Rothenberger an agent of .
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Data last updated: March 14, 2025.
Robert Crawford
REAL ESTATE AGENT