$435,000
$439,900
1.1%For more information regarding the value of a property, please contact us for a free consultation.
1,892 SqFt
SOLD DATE : 07/10/2019
Key Details
Sold Price $435,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,892 sqft
Price per Sqft $229
MLS Listing ID PAMC611114
Sold Date 07/10/19
Style Colonial
HOA Y/N N
Abv Grd Liv Area 1,892
Originating Board BRIGHT
Year Built 1875
Annual Tax Amount $3,523
Tax Year 2018
Lot Size 9,000 Sqft
Acres 0.21
Lot Dimensions 50.00 x 0.00
Property Description
Check out this amazing Ardmore investment opportunity! With a 5.43% CAP rate and high rentals, the Lower Merion property has the potential for an 13.47% rate of return; it is meant to make you money. The bottom floor unit is a well maintained 1 bed 1 bath with a ground floor patio and can easily make you $950 a month. The top unit is a gorgeous 3 bed 1 bath with a balcony and massive windows that let in plenty of natural light can get up to $1,650. In addition, there are 6 parking spots in the rear yard that easily rent to neighbors looking for guaranteed parking. Top unit is currently rented, bottom floor is vacant. Located in bustling Ardmore, Pa (and in Lower Merion School District), this property is close to shops, restaurants, parks and more. Smack in the middle of the Main Line, your tenants will have easy access to public transportation (trains and buses) and Philadelphia's major arteries.
Location
State PA
County Montgomery
Area Lower Merion Twp (10640)
Zoning R6A
Rooms
Basement Full
Interior
Hot Water Natural Gas, Electric
Heating Baseboard - Electric, Forced Air
Cooling Central A/C, Window Unit(s)
Heat Source Electric, Natural Gas
Exterior
Garage Spaces 6.0
Waterfront N
Water Access N
Accessibility None
Parking Type Driveway
Total Parking Spaces 6
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Lower Merion
Others
Tax ID 40-00-01320-008
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Anita Martinelli • Weichert Realtors