Address
1352 Ashbourne Road, Elkins Park, PA
Price
$ 479,000
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
Property vs Multi-Family Average in 19027
Price
Taxes
Visits
Year Built
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