Description
Excellent investment opportunity to own this turn-key, fully occupied, 4- apartment unit building over a store in desirable keswick village. this property consists of a commercial beauty salon tenant and (4) one bedroom apartments, all with a great rental history and upward potential. the salon tenant on the main level has invested into their fit-out and is in the middle of a multi-year lease, showing their commitment to the location. the salon is well appointed and has central air and gas heat. each apartment has received various updates under current ownership; such as kitchens, appliances, baths, flooring, and paint. the property is conveniently located in the heart of glenside, abington township and in close proximity to neighboring shops, pubs, restaurants, a local market, the keswick theater and public transportation. the local bus route and the glenside train station are just a short distance away. apartment demand is extremely high in this desirable location and vacancies are always filled quickly. the apartments have radiator heat by a gas boiler in the basement, controlled and paid for by owner. current ownership has replaced the roof and numerous other mechanical items such as water heaters and the boiler, greatly reducing future capital expense needs. tenants are responsible for their individually metered electric and gas. the building has (2) large water heaters in the basement and is equipped with a hard-wired and monitored fire alarm system. there is some parking in the rear of the property and also on street parking. while the building is currently fully occupied and profitable, a new owner could increase income by approximately $100-$200 per month per residential unit ($5,000-$10,000 per year) by implementing various value-add strategies such as adding laundry, charging for reserved parking, and/or upgrading interior finishes to the next level. this is a perfect property for the first-time investor or a seasoned investor to add to their portfolio. some photos are prior to tenant occupancy.
Property Type
Multi-FamilySubdivision
GlensideCounty
MONTGOMERYStyle
OtherAD ID
47858241
Sell a home like this and save $58,001 Find Out How
Statistics Bottom Ads 1
Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
Room Information
- Patio/Porch Features: Brick
Interior Features
- Roof : Flat
- Exterior Property Features : Fire Escape
- Basement Description: Outside Entrance,Unfinished
Roofing Information
- Flat
Heating & Cooling
- Cooling: None
- Heating: Hot Water
- Cooling Fuel: None
- Heating Fuel: Natural Gas
-
Exterior Features
Building Information
- Exterior Features: Fire Escape
- Year Built: 1935
- Structure: Over Storefront
- New Construction: No
- Total Units: 4
- Built: 1935
- Construction Material: Brick,Masonry,Vinyl Siding
- Security System: Fire Detection System
- Roof: Flat
- Architecture: Other
- Pool/Private: No Pool
- Roof Type: Flat
Exterior Features
- Utilities: Cable TV Available,Electric Available,Natural Gas Available
Pool Information
- Pool: No Pool
Utility Features
- Sewer: Public Sewer
Water
- Water Heat: Natural Gas
-
Property / Lot Details
Lot Information
- Lot Size: 2,717
- Dimensions: 18.00 x 0.00
- Lot Size (Acres): 0.06
- Architectural Style: Other
- Main Square Feet: 2,717
Property Information
- SQ ft: 3,750
- SQ ft (Living Area): 3,750
- Total Lot SQ ft: 2,717
- Subdivision: GLENSIDE
- Financing: Conventional
- Appx. Lot Dimensions: 18.00 x 0.00
- Total Acreage: 0.06
- New Construction: No
- Type: Other
-
Listing Information
Listing Information
- Possession: Subject to Existing Lease
- Days Of Market: 9
-
Taxes / Assessments
Tax Information
- Annual Tax: $7,040
- Tax Year: 2023
- Total Taxes Payment Frequency: Annually
Possession
- Subject to Existing Lease
Assessment Information
- Taxes Assessment Amount: $147,350
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking Features: Private
- Parking Type: Other
Multi-Unit Information
- Acceptable Financing: Conventional
- Roof: Flat
Homeowners Association Information
- Direction: South on Easton Road, Turn right on Keswick Avenue and property is on the right.
-
School, Utilities & Location Details
School Information
- Middle OR Junior School: ABINGTON JUNIOR HIGH SCHOOL
- High School: ABINGTON
- School District: ABINGTON
Utility Information
- Cable TV Available,Electric Available,Natural Gas Available
- Water Source: Public
- Sewer: Public Sewer
- Cooling Fuel: None
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
Location Information
- Location Type: Suburban
- Direction: South on Easton Road, Turn right on Keswick Avenue and property is on the right.
Statistics Bottom Ads 2
Sidebar Ads 1
Learn More about this Property
Sidebar Ads 2
Sidebar Ads 2
Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2020 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.
BuyOwner last updated this listing 12/21/2024 @ 22:57
- MLS: PAMC2122778
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Other, with 0 bedrooms which is recently sold, it has 0 sqft, 2,717 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of GLENSIDE , in zip code 19038, this MONTGOMERY County Other , it is in the GLENSIDE Subdivision, and are nearby neighborhoods.