$300,000
SOLD NOV 15, 2024
-- Bed
-- Bath
2,598 Sq Ft
3,900 Sq Ft Lot

Recently Sold

$115 Per Sq Ft

16 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • Property is in very good condition
  • Hydromassage or Jetted Bathtub
  • Electric Baseboard Heater
  • Back and Front Yard

About This Home

As of November 2024

This wonderful investment and/or owner occupant opportunity 4 unit building will not disappoint! This three story single has it all from its recently renovated from top to bottom features to the turn-key income producing potential that you will have right out of the gate after adding tenants. The owner did not renew 3 of 4 leases so you have opportunity to either live here yourself or choose your own tenants, This property consists of a large 1st floor unit, a wrap around porch leads to a living room with new laminate floors, newer spacious kitchen, with new appliances including elec. stove, built in dishwasher and microwave. and refrigerator. There is a large bedroom with new carpet and an adjacent home office or nursery. The full bath has newer fixtures including a pedestal sink and jetted tub!. There is a convenient washer/dryer in the hallway. There is access to a large unfinished basement with an outside access and plenty of storage. The tenants pay for heat and electric.
There are two 2nd floor apartments. The front one bedroom is occupied by a long term tenant and has a washer/dryer unit.. The rear is a spacious one bedroom apartment, with completely new carpet and kitchen with nice oak cabinets, stove ,refrigerator and built in microwave. There is a shower stall full bath.
The third floor eff. apt.is carpeted and has a large kitchen with elec. stove and microwave.
Their is a level private rear yard and a fire escape from upper units. Each apt. has separate electric service. The landlord pays for, sewer and water, there is a newer 80 gallon H/W heater. The rear lower roof just replaced in 2023. Most windows have been replaced, some new plumbing. Globus central fire alarm system. Building is well located 5 minutes from I95, 10 minutes from New Jersey and Delaware.
Projected total rents= $4000 monthly, Landlord average expenses (utilities and Insurance)= $5300
CAP rate at list price is over 11%

Last Agent to Sell the Property

Bill Finigan

Long & Foster Real Estate, Inc. License #RA-0002723 Listed on: 09/08/2024

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Gerald Knott

Super Realty Group, LLC License #RS367224

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,240

Year Built

  • Built in 1900 | Remodeled in 2024

Lot Details

  • 3,900 Sq Ft Lot
  • Back and Front Yard
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Stone Foundation
  • Vinyl Siding

Interior Spaces

  • Hydromassage or Jetted Bathtub
  • 2,598 Sq Ft Home
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Kitchen

  • Built-In Range
  • Built-In Microwave

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Schools

  • Chester High School - Main Campus

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for heat, gas, insurance, lawn/shrub care, sewer, real estate taxes, water
  • Tax Lot 470-004
  • Assessor Parcel Number 49-01-01554-00

Community Details

Overview

  • 4 Units
  • 3-Story Building
  • Chester City Subdivision

Building Details

  • 3 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,240

Year Built

Built in 1900 | Remodeled in 2024

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenant's Possessions,including TV and bracket
  • Inclusions: washer,dryer two refrigerators
  • New Construction: No
  • Year Built: 1900
  • Year Renovated: 2024
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Remarks Public: This wonderful investment and/or owner occupant opportunity 4 unit building will not disappoint! This three story single has it all from its recently renovated from top to bottom features to the turn-key income producing potential that you will have right out of the gate after adding tenants. The owner did not renew 3 of 4 leases so you have opportunity to either live here yourself or choose your own tenants, This property consists of a large 1st floor unit, a wrap around porch leads to a living room with new laminate floors, newer spacious kitchen, with new appliances including elec. stove, built in dishwasher and microwave. and refrigerator. There is a large bedroom with new carpet and an adjacent home office or nursery. The full bath has newer fixtures including a pedestal sink and jetted tub!. There is a convenient washer/dryer in the hallway. There is access to a large unfinished basement with an outside access and plenty of storage. The tenants pay for heat and electric. There are two 2nd floor apartments. The front one bedroom is occupied by a long term tenant and has a washer/dryer unit.. The rear is a spacious one bedroom apartment, with completely new carpet and kitchen with nice oak cabinets, stove ,refrigerator and built in microwave. There is a shower stall full bath. The third floor eff. apt.is carpeted and has a large kitchen with elec. stove and microwave. Their is a level private rear yard and a fire escape from upper units. Each apt. has separate electric service. The landlord pays for, sewer and water, there is a newer 80 gallon H/W heater. The rear lower roof just replaced in 2023. Most windows have been replaced, some new plumbing. Globus central fire alarm system. Building is well located 5 minutes from I95, 10 minutes from New Jersey and Delaware. Projected total rents= $4000 monthly, Landlord average expenses (utilities and Insurance)= $5300 CAP rate at list price is over 11%
  • Special Features: NewHome

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Microwave
  • Flooring Type: Hardwood, Carpet, Ceramic Tile
  • Interior Amenities: Bathroom - Jetted Tub, Ceiling Fan(s)
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2598
  • Living Area Sq Ft: 2598
  • Price Per Sq Ft: 115.47
  • Above Grade Finished Sq Ft: 2598
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 105

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding, Brick
  • Exterior Features: Sidewalks
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Monthly Average Electric: 50
  • Previous Twelve Months Electric Expense: 600.00
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Fire Detection System, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 50
  • Water Previous Twelve Months: 600.00
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • School District: CHESTER-UPLAND
  • High School: CHESTER HIGH SCHOOL - MAIN CAMPUS
  • School District Key: 300200397352
  • School District Source: Listing Agent
  • High School: CHESTER HIGH SCHOOL - MAIN CAMPUS

Lot Info

  • Lot Features: Front Yard, Rear Yard
  • Lot Size Acres: 0.09
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3900.00
  • Property Condition: Very Good
  • Zoning: RES

Rental Info

  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: Heat, Gas, Insurance, Lawn/Shrub Care, Sewer, Taxes - Real Estate, Water
  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • School Tax: 2138.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 5240.00
  • Assessor Parcel Number: 49-01-01554-00
  • Tax Lot: 470-004
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 11/15/2024

Multi Family

  • Number Of Units Vacant: 3
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Single Room Units Count: 1

MLS Schools

  • School District Name: CHESTER-UPLAND

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2024
Closed on
Nov 14, 2024
Sold by
Vincent Frederick J and Vincent Lois E
Bought by
Edwards Rionne
Seller's Agent
Bill Finigan
Long & Foster Real Estate, Inc.
Buyer's Agent
Gerald Knott
Super Realty Group, LLC
List Price
$300,000
Sold Price
$300,000
Total Days on Market
16
Views
13
Current Estimated Value
$309,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,122
Avg. Annual Appreciation
5.60%
Original Mortgage
$294,566
Interest Rate
6.78%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 30, 2000
Sold by
J H C Equity Partnership
Bought by
Vincent Frederick J and Vincent Lois E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,200
Interest Rate
7.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 12, 2000
Sold by
Coneys John H
Bought by
Jhc Equity Partnership

Purchase Details

Closed on
Oct 1, 1997
Sold by
Tomlin Bruce W and Tomlin Emma Mae
Bought by
Coneys John H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,900
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $300,000 None Listed On Document
Deed $300,000 None Listed On Document
Deed $54,000 Fidelity National Title Ins
Deed $51,000 Commonwealth Land Title Ins
Deed $51,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $294,566 FHA
Previous Owner $43,200 Purchase Money Mortgage
Previous Owner $45,900 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2024 11/15/24 Sold $300,000 0.0% $115 / Sq Ft
09/24/2024 09/24/24 Pending -- -- --
09/08/2024 09/08/24 For Sale $300,000 -- $115 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,138 $151,770 $31,920 $119,850
2023 $4,253 $151,770 $31,920 $119,850
2022 $4,331 $151,770 $31,920 $119,850
2021 $1,943 $151,770 $31,920 $119,850
2020 $279 $51,000 $21,010 $29,990
2019 $279 $51,000 $21,010 $29,990
2018 $286 $51,000 $0 $0
2017 $286 $51,000 $0 $0
2016 $286 $51,000 $0 $0
2015 $286 $51,000 $0 $0
2014 $286 $51,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PADE2075064

Bright MLS

APN: 49-01-01554-00