NOT LISTED FOR SALE

223 E 24th St Chester, PA 19013

Estimated Value: $184,000 - $228,000

-- Bed
1 Bath
1,794 Sq Ft
$111/Sq Ft Est. Value

Last Sold May 09, 2024

Last sale price $190,000 $106 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,198/month

8 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Hot Water Heating System
  • 1 Car Detached Garage
  • Ceramic Tile Flooring

About This Home

As of May 2024

Welcome to this fantastic investment opportunity in Chester, PA! This well-maintained duplex offers two apartments, each already rented and generating income. The units are generating a combined monthly income of $2165, with the potential for increase since both are on month to month leases.

Both units boast modern interior features, including on site laundry , ample storage space, laminate flooring, and private access to both units. The updated kitchens in each unit are equipped with plenty of storage and pantry areas. The upstairs unit features 2 bedrooms and 1 full bath, while the downstairs unit offers one bedroom and 1 full bath.

The exterior of the property features a private entrances for both units, off street parking, private fenced yard and access to the basement for additional storage. The property also has a detached garage that the owner currently uses for storage of maintenance materials.

Conveniently located near major highways, Philadelphia, New Jersey, and Delaware, this property offers easy access to a variety of amenities and attractions, including Widener University.

Don't miss out on this incredible investment opportunity in a prime location. Schedule a showing today and seize the potential of this income-generating duplex!

Last Agent to Sell the Property

Jennifer Rothenberger

(856) 322-2964 jennifer.rothenberger@foxroach.com Compass New Jersey, LLC - Moorestown License #RS370988 Listed on: 03/03/2024

Compass New Jersey, LLC - Moorestown

Last Buyer's Agent

Nyeesha Reed

(610) 803-7916 nyeesha.reed@yahoo.com NextHome Alliance License #RS355500

NextHome Alliance

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,841

Year Built

  • Built in 1930

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 21.00 x 130.00
  • Property is in average condition

Parking

  • 1 Car Detached Garage
  • 2 Driveway Spaces
  • Front Facing Garage
  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 1,794 Sq Ft Home
  • Unfinished Basement
  • Exterior Basement Entry

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Outdoor Features

  • Porch

Utilities

  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for sewer, water
  • Tax Lot 295-001
  • Assessor Parcel Number 49-01-01452-00

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,126
  • Maintenance Expense $2,000
  • Operating Expense $7,129
  • Net Operating Income $18,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,841

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Tenant belongings and tenant appliances
  • Historic: No
  • New Construction: No
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Flooring Type: Carpet, Ceramic Tile, Laminate Plank
  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Outside Entrance, Unfinished
  • Total Sq Ft: 1794
  • Living Area Sq Ft: 1794
  • Price Per Sq Ft: 108.70
  • Above Grade Finished Sq Ft: 1794
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Detached Garage, On Street, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: 3rd Party

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 21.00 x 130.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Average
  • Zoning: RES

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Owner Pays: Sewer, Water
  • Rent Control: No
  • Total Actual Rent: 25980.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 971.00
  • Tax Annual Amount: 1841.00
  • Assessor Parcel Number: 49-01-01452-00
  • Tax Lot: 295-001
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

Multi Family

  • Gross Income: 25980.00
  • Operating Expense: 7129.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: CHESTER-UPLAND

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2024
Closed on
Apr 5, 2024
Sold by
Rs Chester 1 Llc
Bought by
Collins Bruce
Seller's Agent
Jennifer Rothenberger
Compass New Jersey, LLC - Moorestown
Buyer's Agent
Nyeesha Reed
NextHome Alliance
List Price
$195,000
Sold Price
$190,000
Premium/Discount to List
-$5,000
-2.56%
Views
42
Current Estimated Value
$199,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,370
Avg. Annual Appreciation
3.33%
Original Mortgage
$255,000
Interest Rate
6.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2021
Sold by
Best Homes Ddj Llc
Bought by
Rs Chester I Llc

Purchase Details

Listed on
Dec 17, 2013
Closed on
Mar 6, 2014
Sold by
Fannie Mae
Bought by
Best Homes Ddj Llc
Seller's Agent
Art Wood
Walter M Wood Jr Inc
Buyer's Agent
Gwen Skalish
BHHS Fox & Roach-Media
List Price
$20,000
Sold Price
$22,000
Premium/Discount to List
$2,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.91%

Purchase Details

Listed on
Dec 17, 2013
Closed on
Feb 18, 2014
Sold by
Gallo Joseph and Gallo Stacy
Bought by
Federal National Mortgage Association
Seller's Agent
Art Wood
Walter M Wood Jr Inc
Buyer's Agent
Gwen Skalish
BHHS Fox & Roach-Media
List Price
$20,000
Sold Price
$22,000
Premium/Discount to List
$2,000
10%

Purchase Details

Closed on
Nov 30, 2004
Sold by
Gallagher Lehman H and Lipski Joseph
Bought by
Gallo Joseph and Gallo Stacy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 17, 1997
Sold by
Montgomery Edward T
Bought by
Butcher Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,800
Interest Rate
7.65%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Collins Bruce $190,000 None Listed On Document
Rs Chester I Llc $5,209,000 None Available
Best Homes Ddj Llc $22,000 None Available
Federal National Mortgage Association -- None Available
Gallo Joseph $75,000 Commonwealth Title
Butcher Robert D $69,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Collins Bruce $255,000
Previous Owner Gallo Joseph $67,500
Previous Owner Butcher Robert D $69,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/09/2024 05/09/24 Sold $190,000 -2.6% $106 / Sq Ft
03/11/2024 03/11/24 Pending -- -- --
03/03/2024 03/03/24 For Sale $195,000 +786.4% $109 / Sq Ft
03/21/2014 03/21/14 Sold $22,000 +10.0% $14 / Sq Ft View Prior Sale
01/09/2014 01/09/14 Pending -- -- --
12/17/2013 12/17/13 For Sale $20,000 -- $13 / 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
2025 $1,851 $116,850 $16,450 $100,400
2024 $1,851 $67,900 $16,450 $51,450
2023 $1,903 $67,900 $16,450 $51,450
2022 $1,938 $67,900 $16,450 $51,450
2021 $869 $67,900 $16,450 $51,450
2020 $254 $46,430 $16,660 $29,770
2019 $254 $46,430 $16,660 $29,770
2018 $260 $46,430 $0 $0
2017 $260 $46,430 $0 $0
2016 $255 $46,430 $0 $0
2015 $260 $46,430 $0 $0
2014 $260 $46,430 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PADE2062668

Bright MLS

APN: 49-01-01452-00