Property Attributes
- MLS#PAMC2102460
- TypeMulti-Family
- CountyMONTGOMERY
- CityElkins Park
- AreaCheltenham Twp
- NeighborhoodElkins Park
- Zip19027
- StyleColonial
- Year Built1875
- Taxes$ 9604
- Price$ 479,000
- Bedrooms5
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.51 Acres
Data Source:
Bright MLS
Property Description
Welcome to 1352 Ashbourne Rd, Elkins Park, PA 19027 where investment dreams come true! This stunning single-detached passive income-producing duplex is a gem waiting for savvy investors like you to seize the opportunity. With a total of 2,513 sq ft, this property boasts two fantastic units primed for profit. Unit A on the first floor features 2 bedrooms, 1.5 baths, and a massive kitchen with sleek stainless steel appliances. Plus, with central air and parking, its the epitome of comfort and convenience. And lets talk locationjust a quick 7-minute stroll to Elkins Park station and a 3-minute walk to Myers Elementary School, making city access and dropping the kids off at school a breeze! The vibrant Cheltenham Co-op Market and Jenkintown Markets are also only minutes away. Unit B, the top-floor haven, offers 4 bedrooms, 1 bath, and a vast kitchen with stainless steel appliances. In-unit laundry and parking add to the allure. But wait, theres more! Nestled on a sprawling 0.51-acre lot, the backyard is a canvas for creativity. Subdivide for neighborly extensions (subject to Cheltenham Township approval), set up storage units, or unleash your entrepreneurial spirit with a machine shop endless possibilities! Want to take things a step further? Ask me about a potential development opportunity. Whether youre a rent-hacking aficionado or a seasoned investor aiming to rake in about an extra $49k annually, this property delivers. With a cap rate of 6.3%, its a golden ticket to financial success and opportunity. Dont miss out. Call us to schedule your showing today.
Elementary School | Middle School | High School |
---|---|---|
Myers Elementary School | Cedarbrook Middle School | Cheltenham High School |
Price History | |
---|---|
4/27/2024 | Listed $479,000 |
General Features
Interior Features | Carpet,Kitchen - Eat-In |
---|---|
Sewer | Public Sewer |
Heating | Central |
Cooling | Central A/C |
Utilities | Cable TV |
Possession | 0-30 Days CD |
Appliances | Dishwasher,Dryer,Disposal,Oven/Range - Gas,Refrigerator,Stainless Steel Appliances,Washer |
Zoning | RESIDENTIAL |
Architectural Style | Colonial |
Construction Materials | Vinyl Siding |
Year Built | 1875 |
Property SubType | Duplex |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | Electric |
Gross Income | 30108.00 |
OwnerPays | Water,Sewer |
Accessibility | None |
County | MONTGOMERY |
Net Operating Income | 43200.00 |
Operating Expense | 12000.00 |
New Construction | No |
Property Type | Multi-Family |
Subdivision Name | ELKINS PARK |
Garage Y/N | No |
Water Access Y/N | No |
Other Structures | Above Grade,Below Grade |
Status | ACTIVE |
Directions | Please use GPS. |
ModificationTimestamp | 2024-05-09T05:46:42 |
City | ELKINS PARK |
Buyer Agent Compensation | 3 |
Total Units | 2 |
MLS Area | Cheltenham Twp (10631) |
Lot Size Square Feet | 22300.00 |
Tax Assessed Value | 145000.0 |
Waterfront Y/N | No |
Number of Units Leased | 2 |
Street Name | ASHBOURNE |
Tax Annual Amount | 9604.0 |
Two Bedroom | 1 |
Structure Type | Detached |
Other Units | Unit 1,Unit 2 |
Price Per Sq Ft | 190.61 |
Acceptable Financing | Cash,Conventional,FHA |
Rent Control Y/N | No |
Vacation Rental Y/N | No |
Total SQFT | 2513 |
Days on Market | 14 |
Lease Type | Yearly |
Standard Status | Active |
Year Built Source | Assessor |
Tax Lot | 7 |
Total Actual Rent | 43200.00 |
Cap Rate | 6.30 |
Buyer Agent Compensation Type | % Of Gross |
Association Recreation Fee | No |
Interior Features
Heating Fuel | Natural Gas |
---|---|
Flooring | Carpet,Laminated |
Hot Water | Natural Gas |
Basement (Y/N) | No |
Heating Y/N | Yes |
Fireplace Y/N | No |
Street Suffix | ROAD |
Central Air Y/N | Yes |
LivingAreaSource | Assessor |
Three Bedroom Units Count | 1 |
Exterior Features
Pool Y/N | No Pool |
---|---|
Parking Features | Private |
Water Source | Public |
Inclusions | Washers & dryers,and kitchen appliances |
Total Parking Spaces | 3 |
Type of Parking | Off Street,Other |
Land Use Code | 1132 |
Foundation Details | Concrete Perimeter |
Spa | No |
Water View Y/N | No |
Lot Dimensions | 50.00 x 0.00 |
Lot Size Acres | 0.51 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
LotDimensionsSource | Assessor |
Off Street - # of Spaces | 3 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool