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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! Property to sell in As-Is condition, asking price is reflective of the condition.
Property Type(s):
Condo/Townhouse/Co-Op
| Last Updated | 3/10/2025 | Tract | NONE AVAILABLE |
|---|---|---|---|
| Year Built | 1930 | Community | City Of Chester (10449) |
| County | DELAWARE |
SCHOOLS
| School District | CHESTER-UPLAND |
|---|
Additional Details
| AIR | Ceiling Fan(s), None |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | City Of Chester (10449) |
| BASEMENT | Full, Unfinished, Yes |
| CONSTRUCTION | Brick |
| HEAT | Natural Gas, Radiant |
| INTERIOR | Ceiling Fan(s), High Ceilings, Open Floorplan |
| LOT | 1742 sq ft |
| LOT DIMENSIONS | 16.00 x 97.00 |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Straight Thru |
| SUBDIVISION | NONE AVAILABLE |
| TAXES | 1003 |
| WATER | Public |
Location
Listing provided by Compass Pennsylvania, LLC
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Keller Williams participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Keller Williams are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 4/18/25 5:24 PM PDT
This IDX solution is (c) Diverse Solutions 2025.
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