428 Penn Street

Chester, PA 19013

$169,900
Price
Beds
1,680 Sq. Ft.
$101 / Sq. Ft.
1,680
Sq. Ft.
$101
per Sq. Ft.

Description

Updated photos after the vacated units were renovated! Welcome to this fantastic investment opportunity in Chester, PA! This duplex offers 2 one-bedroom, one-bathroom units, generating a solid gross income of $27,960 per year, boasting a 10.47% cap rate.
Both units are vacant, perfect for the savvy investor to live in one and collect rent on the other, or to rent out both and generate more income. The interior is updated and features open floor plans, along with in unit laundry for both. The property's
...Updated photos after the vacated units were renovated! Welcome to this fantastic investment opportunity in Chester, PA! This duplex offers 2 one-bedroom, one-bathroom units, generating a solid gross income of $27,960 per year, boasting a 10.47% cap rate.

Both units are vacant, perfect for the savvy investor to live in one and collect rent on the other, or to rent out both and generate more income. The interior is updated and features open floor plans, along with in unit laundry for both. The property's exterior is equally appealing, with a fenced yard providing privacy and a charming front porch adding to its curb appeal.

Conveniently located near Widener University and in close proximity to Philadelphia, this property presents an excellent opportunity for an investor looking to expand their portfolio in a thriving rental market.

Don't miss out on this turnkey investment property in a prime location with great income potential. Please note that this property does require flood insurance. Owner pays $200 monthly for flood insurance. Schedule a showing today to explore the possibilities this duplex has to offer!

Listing Agent

Property Details for 428 Penn Street

Tax ID Number
49-06-01117-00
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Traditional
Waterfront
No
Garage
No
Municipality
CITY OF CHESTER
Central Air
No
LISTING UPDATED: 10/03/2024 12:03 PM

Property Details for 428 Penn Street

StatusActive
MLS #PADE2059498
Days on Market201
Taxes$928 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.04 AC / 1,742 SF
CountyDelaware County
Buyer's Agent Compensation2.5%

Building Information for 428 Penn Street

Stories-Residences2Year Built1900Building Size-Lot Size0.04 AC / 1,742 SF

Property Information for 428 Penn Street

Location
Location
  • School District Name: CHESTER-UPLAND
  • School District County ID: 300200397352
  • SchoolDistrictSource: 3rd Party
  • County: DELAWARE
  • MLS Area: City Of Chester (10449)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $34,060
  • Year Assessed: 2024
  • County Tax: $102
  • Improvement Assessed Value: $23,860
  • City Town Tax: $333
  • Land Assessed Value: $10,200
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: R-20
  • Agricultural Tax Due: No
  • Zoning: RES
  • Tax Lot: 706-004
  • School Tax: $487
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: Heat, Gas, Lawn/Shrub Care, Snow Removal, Taxes - Real Estate, Water
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Units Furnished: None
  • Units Leased Count: 2
  • Number Of Units Vacant: 2
  • Number Of Units Month To Month: 0
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense: $7,767
  • Operating Expense Includes: Insurance, Trash, Snow Removal
  • Insurance Expense: $3,525
  • Trash Expense: $0
  • Pest Control Expense: $0
  • Maintenance Expense: $800
  • Pool Expense: $0
  • Other Expense: $154
  • Furniture Replacement Expense: $0
Financial Information
  • Gross Income: $27,960
  • Net Operating Income: $20,193
  • Annual Rental Income: $27,960
  • Income Includes: Apartment Rentals, Other
  • Cap Rate: 10.47
  • Existing Lease Type: Month to Month
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 1,680.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 17.20 x 100.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 583107
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
  • Security Features: Main Entrance Lock
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: NEXUS Association of Realtors
  • List Agent URL: www.jensellssj.com

Property History for 428 Penn Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 428 Penn Street

Taxable ValueLand$10,200Additions$23,860Total$34,060
Tax Record2024$929 ($77 / month)
Home Facts
Baths2Total Finished SqFt1,680 SqFtAbove Grade Finished SqFt1,680 SqFtStories2Lot Size1,769 SqFtStyleDuplexYear Built1900CountyDELAWAREAPN49-06-01117-00

Schools near 428 Penn Street

This home is within Chester-Upland School District.
Rating
School
Type
Grades
Distance
Public - 4 to 8
Public - 7 to 12
Public - PK to 5
Public - PK to 6
Rating
School
Distance
Toby Farms Intermediate School
Public4 to 8

STEM AT SHOWALTER
Public7 to 12

Main Street School
PublicPK to 5

Stetser El School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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428 Penn Street is a multi-family home for sale in Chester, PA 19013. This property was listed for sale on January 8, 2024 by Compass, it's currently listed at $169,900. It has been on the market for a total of 201 days and was last sold on March 26, 2021. This listing's school district is Chester-Upland School District. Nearby schools include Toby Farms Intermediate School, STEM AT SHOWALTER and Main Street School. 428 Penn Street is a 0-bed, 0-bath, 1,680 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.