Property Attributes
- MLS#PADE2064810
- TypePending
- CountyDELAWARE
- CityChester
- AreaCity Of Chester
- Zip19013
- StyleTraditional
- Year Built1940
- Taxes$ 935
- Price$ 185,000
- Bedrooms3
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2,178 SqFt
Data Source:
Bright MLS
Property Description
Welcome to 331 Rose Street, Chester, PA, a smart investment opportunity in a prime location. This completely remodeled property boasts a total of 3 bedrooms and 1 bathroom across 1470 square feet of living space, situated on a 1969 square foot lot. The first floor unit offers a stylish and modern one-bedroom layout, featuring an in-unit laundry room for added convenience. The living room area showcases a striking brick feature wall, adding character to the space. With an open concept design, the living, dining, and kitchen areas seamlessly flow together, creating an inviting atmosphere for both residents and guests. The kitchen provides ample storage space and offers access to the back porch and fenced backyard, perfect for outdoor relaxation and entertaining. Currently leased with a 1-year lease, the first floor unit presents a lucrative opportunity for the savvy investor. Meanwhile, the upstairs unit comprises 2 bedrooms and shares the same open concept living style, complemented by a stunning brick feature wall. The bathroom features a walk-in shower and linen closet, ensuring both functionality and style. Additionally, the kitchen provides access to a balcony overlooking the backyard, adding a touch of tranquility to the living space. Please note that the property is currently occupied, with Unit 1 tenant on a new annual lease and Unit 2 tenant on a month-to-month lease. The photos provided are all from before the tenants' occupancy, offering a glimpse of the property's potential. With a total gross yearly income of $25,920 and a solid Cap Rate of 10.27%, this property presents a compelling investment opportunity. Don't miss the chance to own this remodeled gem in a desirable location. Schedule a showing today and take the next step towards securing a smart investment in Chester, PA.
Price History | |
---|---|
4/5/2024 | Listed $185,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Baseboard - Electric |
Cooling | None |
Possession | 31-60 Days CD |
Roof | Flat,Shingle |
Zoning | RES |
Pool Y/N | No Pool |
Architectural Style | Traditional |
Construction Materials | Stucco |
Exclusions | Tenant belongings and tenant owned appliances |
Year Built | 1940 |
Property SubType | Duplex |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | None |
Gross Income | 25920.00 |
OwnerPays | Common Area Maintenance,Insurance,Lawn/Shrub Care,Management,Repairs,Taxes - Real Estate |
Accessibility | None |
County | DELAWARE |
Net Operating Income | 18492.00 |
Operating Expense | 7428.00 |
Insurance Expense | 1201.00 |
New Construction | No |
Property Type | Multi-Family |
MaintenanceExpense | 1600.00 |
Garage Y/N | No |
Water Access Y/N | No |
Other Structures | Above Grade,Below Grade |
Status | PENDING |
Directions | Right off Madison |
ModificationTimestamp | 2024-05-05T21:47:13 |
City | CHESTER |
Buyer Agent Compensation | 2 |
Total Units | 1 |
MLS Area | City Of Chester (10449) |
Lot Size Square Feet | 2178.00 |
Tax Assessed Value | 34500.0 |
Waterfront Y/N | No |
Number of Units Leased | 2 |
Street Name | ROSE |
Tax Annual Amount | 935.0 |
Home Warranty Y/N | No |
Trash Expense | 0.00 |
Two Bedroom | 1 |
Structure Type | Twin/Semi-Detached |
One Bedroom Units Count | 1 |
Other Units | Unit 1,Unit 2 |
Price Per Sq Ft | 125.85 |
Acceptable Financing | Conventional,Cash |
Historic Y/N | No |
Rent Control Y/N | No |
Vacation Rental Y/N | No |
Total SQFT | 1470 |
Days on Market | 24 |
Lease Type | Month to Month,Yearly |
Standard Status | Pending |
Year Built Source | Assessor |
Tax Lot | 121-000 |
Total Actual Rent | 25920.00 |
Cap Rate | 10.27 |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Heating Fuel | Electric |
---|---|
Basement | Full,Unfinished,Sump Pump |
Hot Water | Natural Gas |
Furnished Units | None |
Basement (Y/N) | Yes |
Heating Y/N | Yes |
Fireplace Y/N | No |
Street Suffix | STREET |
Central Air Y/N | No |
LivingAreaSource | Assessor |
Exterior Features
Water Source | Public |
---|---|
Inclusions | All fixtures and Landlord owned appliances |
Type of Parking | On Street |
Land Use Code | R-10 |
Foundation Details | Stone |
Water View Y/N | No |
Lot Dimensions | 20.00 x 104.28 |
Lot Size Acres | 0.05 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Pool Charge | 0.00 |
Land Assessed Value | 6380.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool