612 HIGHLAND AVE Chester, PA 19013
2,262 SqFt
UPDATED:
12/17/2024 05:42 PM
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,262 sqft
Price per Sqft $103
MLS Listing ID PADE2081124
Style Straight Thru
Abv Grd Liv Area 2,262
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $1,178
Tax Year 2023
Lot Size 3,485 Sqft
Acres 0.08
Lot Dimensions 23.00 x 140.00
Property Description
Property Highlights:
Two Separate Units:
1st Floor: Occupied ($1150 Monthly Current Rent)1-bedroom unit with spacious living areas, updated kitchen, and modern bath. This is a long term tenant, in good standing, who. would like to stay.
2nd Floor: Vacant ( Market Monthly Rent $1400) 3-bedroom unit, freshly renovated with a generous layout, updated kitchen, and new bathroom.
Renovated Units: Both units feature brand-new LVP flooring, fresh paint, and new windows, providing a clean, bright, and low-maintenance environment.
Modern Kitchens: Each unit boasts updated kitchens with new cabinetry, countertops, and energy-efficient appliances, offering a contemporary living experience.
Off-Street Parking: Tenants enjoy the convenience of off-street parking, adding value and accessibility to the property.
Investment Opportunity:
Cap Rate: 9.22%
Strong Rental Income Potential: With a mix of an occupied unit and a newly vacated, updated unit, this duplex offers the flexibility to retain current tenants while attracting new renters for the upstairs unit.
Low Maintenance: Recent renovations have minimized the need for immediate upkeep, making it an ideal "turnkey" investment.
Location:
Located in Chester, PA, this duplex is just minutes from local shopping, dining, public transportation, and major highways, offering convenient access to the surrounding areas. Chester is a growing community with an increasing demand for rental properties, making this an exceptional location for investors.
Additional Features:
Recent Renovations: New LVP flooring, new windows, and updated kitchens throughout both units.
Off-Street Parking: Ample parking space for tenants.
Turnkey Investment: Ready to start generating rental income immediately with minimal effort.
612 Highland Ave represents a rare opportunity for investors seeking a well-maintained, income-generating property with immediate returns. Don't miss out on this prime duplex in a high-demand rental market!
Schedule your showing today!
Location
State PA
County Delaware
Area City Of Chester (10449)
Zoning RESIDENTIAL
Rooms
Basement Unfinished, Outside Entrance
Interior
Hot Water Electric
Heating Hot Water
Cooling None
Flooring Luxury Vinyl Plank, Tile/Brick
Inclusions Fixtures and Appliances that are not tenant owned
Fireplace N
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Water Access N
Roof Type Flat,Shingle
Accessibility None
Total Parking Spaces 2
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Chester-Upland
Others
Tax ID 49-11-01601-00
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
