2115 Madison Street
2115 Madison Street
Listed By Compass
Listed By Compass
Description
Each unit within this duplex features private access, open floor plans, and in-unit laundry facilities, providing modern convenience for its residents. The property is...Welcome to 2115 Madison Street, a modern duplex offering an incredible investment opportunity in Chester, PA. This property boasts two spacious units, with a 2-bedroom unit and a 1-bedroom unit, both currently occupied. The total square footage of this property is 1505 square feet, nestled on a generous lot spanning 4792 square feet.
Each unit within this duplex features private access, open floor plans, and in-unit laundry facilities, providing modern convenience for its residents. The property is in good condition with contemporary touches, ensuring a comfortable and stylish living environment.
As an investor's dream, the current annual rental income stands at $22,220, yielding an impressive 8.2% cap rate. With the potential for increased rents, the projected annual income could reach $28,080, resulting in an 11% cap rate. This presents an outstanding opportunity for a savvy investor to maximize returns in a rapidly growing market.
Don't miss out on the chance to own this lucrative multi-family unit with a promising future. Schedule a showing today and seize the opportunity to add this modern duplex to your investment portfolio.
Listing Agent
![Jennifer Rothenberger]()
jennifer.rothenberger@compass.comP: 856.322.2964
Property Details for 2115 Madison Street
Location
Property Details for 2115 Madison Street
| Status | Active |
|---|---|
| MLS # | PADE2063190 |
| Days on Market | 49 |
| Taxes | $1,700 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1920 |
| Lot Size | 0.11 AC / 4,792 SF |
| County | Delaware County |
Location
Building Information for 2115 Madison Street
Payment Calculator
$1,154 per month
30 year fixed, 7.25% Interest
$1,012
$142
$0
Property Information for 2115 Madison Street
- School District Name: CHESTER-UPLAND
- School District County ID: 300200397352
- SchoolDistrictSource: 3rd Party
- County: DELAWARE
- MLS Area: City Of Chester (10449)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Association Recreation Fee Y/N: No
- Tax Year: 2023
- Tax Assessed Value: $62,700
- Year Assessed: 2023
- County Tax: $188
- Improvement Assessed Value: $44,120
- City Town Tax: $614
- Land Assessed Value: $18,580
- Clean Green Assessed: No
- Land Use Code: R-20
- Zoning: RES
- Tax Lot: 343-000
- School Tax: $897
- Automatically Update Tax Values Y/N: Yes
- Owner Pays: Sewer, Snow Removal, Water
- Single Room Units Count: 0
- One Bedroom Units Count: 1
- Two Bedroom Units Count: 2
- Three Bedroom Units Count: 0
- Other Units: Unit 1,Unit 2
- Units Furnished: None
- Units Leased Count: 2
- Number Of Units Vacant: 0
- Number Of Units Month To Month: 1
- Rent Control: No
- Type: Unit 1
- Unit Type Occupied YN: Yes
- Level: 1
- Unit Type Lease Type: Yearly
- Beds Total: 2
- Half Baths Count: 0
- Full Baths Count: 1
- Type: Unit 2
- Unit Type Occupied YN: Yes
- Level: 2
- Unit Type Lease Type: Month to Month
- Beds Total: 1
- Half Baths Count: 0
- Full Baths Count: 1
- Operating Expense: $6,654
- Operating Expense Includes: Snow Removal, Insurance
- Insurance Expense: $1,126
- Trash Expense: $0
- Pest Control Expense: $0
- Maintenance Expense: $2,045
- Pool Expense: $0
- Furniture Replacement Expense: $0
- Professional Management Expense: $0
- Gross Income: $22,220
- Net Operating Income: $15,566
- Annual Rental Income: $22,220
- Income Includes: Other, Apartment Rentals
- Cap Rate: 8.20
- Existing Lease Type: Month to Month, Yearly
- Building Units Total: 2
- Total Finished SQFT: 1,505.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 1,505.00
- Total SQFT: 1,505.00
- Total SQFT Source: Assessor
- Construction Materials: Brick
- Foundation Details: Stone
- Lot Size Source: Assessor
- Lot Size Dimensions: 40.00 x 120.00
- Lot Dimensions Source: Assessor
- Parcel ID: 578300
- Type Of Parking: On Street
- Fireplace: No
- Accessibility Features: None
- Spa: No
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: None
- Cooling Fuel: None
- Heating Type: Radiator
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: NEXUS Association of Realtors
- List Agent URL: www.jensellssj.com
Property History for 2115 Madison Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2115 Madison Street
Schools near 2115 Madison Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 7 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
Stetser El School PublicPK to 6 | ||
STEM AT SHOWALTER Public7 to 12 | ||
Chester High School - Main Campus Public9 to 12 | ||
Main Street School PublicPK to 5 |
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.
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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. 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.