For Sale

Description

Discover an exceptional investment opportunity in the heart of Chester with this rare side-by-side package: a nearly completed legal duplex at 424 Highland Ave and a full shell at 426 Highland Ave. With generous lot sizes, flexible floor plans, and strong rental potential, this package is ideal for both seasoned investors and value-driven buyers ready to build equity 424 Highland Ave — Legal Duplex with Major Progress Completed This property features two separate one-bedroom/one-bath units, each with separate utilities. The heavy lifting has already been done: updated electrical, significant new plumbing, and a functional layout ready for finishing touches. Unit 1 includes a spacious living room, kitchen, bedroom, and a newly upgraded luxury bathroom, along with an exit to a deep backyard that extends further than expected. Unit 2 offers a front bedroom, central living room, full bathroom, rear kitchen with washer/dryer hookup, and a fire-escape exit leading to the expansive backyard. The layout also provides the potential to reconfigure the floor plan and convert Unit 2 into a two-bedroom unit—creating even stronger rental value. With heat and finishing work added, projected rental rates based on area rents are approximately $950–$1,200 for a 1-bedroom and $1,200–$1,400 for a 2-bedroom, offering solid cash-flow potential and an estimated gross of up to $24,000 annually for the duplex. 426 Highland Ave — Full Shell Ready for Vision Perfect for investors seeking a meaningful value-add project, this property currently has no floors and requires a full rehabilitation. Consider transforming it into a three-bedroom single-family rental with projected rents of $1,400–$1,800, or convert it into a one-bedroom/one-bath duplex with rents of $950–$1,200 per unit based on area market data. The large lot provides versatility for future design and use. Income Potential & Location At optimal use, both properties combined can generate an estimated $48,000 per year. The location is incredibly convenient—just half a mile from Subaru Park, approximately two miles to Harrah’s Philadelphia Casino & Racetrack, and moments from I-95 for easy access to Delaware, Philadelphia, the airport, and even New York City. Whether you’re building your portfolio or searching for your next redevelopment project, this package offers unmatched potential. Schedule your showing today and explore everything these Highland Avenue properties can become.