428 Penn Street
Closed 1/29/25
Closed 1/29/25
Description
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
![Jennifer Rothenberger]()
jennifer.rothenberger@compass.comP: (856)-322-2964
Property Details for 428 Penn Street
Property Details for 428 Penn Street
| Status | Closed |
|---|---|
| MLS # | PADE2059498 |
| Days on Market | 204 |
| Taxes | $928 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1900 |
| Lot Size | 0.04 AC / 1,742 SF |
| County | Delaware County |
| Buyer's Agent Compensation | 2.5% |
Building Information for 428 Penn Street
Property Information for 428 Penn 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: 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
- Owner Pays: Heat, Gas, Lawn/Shrub Care, Snow Removal, Taxes - Real Estate, Water
- 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
- 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
- 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 Units Total: 2
- Total Finished SQFT: 1,680.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 1,680.00
- Total SQFT: 1,680.00
- Total SQFT Source: Assessor
- Construction Materials: Brick
- Roof: Flat
- Flooring Type: Carpet, Luxury Vinyl Plank, Tile/Brick
- Basement Type: Unfinished
- Foundation Details: Stone
- Lot Size Source: Assessor
- Lot Size Dimensions: 17.20 x 100.00
- Lot Dimensions Source: Assessor
- Parcel ID: 583107
- Ground Rent Exists: No
- Ground Rent Payment Frequency: Annually
- Type Of Parking: On Street
- Fireplace: No
- Accessibility Features: None
- Security Features: Main Entrance Lock
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- 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
- List Agent AOR: NEXUS Association of Realtors
- List Agent URL: www.jensellssj.com
Property History for 428 Penn 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 428 Penn Street
Schools near 428 Penn Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 7 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | K to 8 |
Rating | School | Distance |
|---|---|---|
Chester Upland School Of Arts PublicPK to 5 | ||
STEM AT SHOWALTER Public7 to 12 | ||
Chester High School - Main Campus Public9 to 12 | ||
EDGMONT SCHOLARS ACADEMY PublicK to 8 |
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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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.