$475,000
$475,000
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2,776 SqFt
SOLD DATE : 06/29/2021
Key Details
Sold Price $475,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,776 sqft
Price per Sqft $171
Subdivision Elkins Park
MLS Listing ID PAMC692916
Sold Date 06/29/21
Style Colonial
HOA Y/N N
Abv Grd Liv Area 2,776
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $11,078
Tax Year 2020
Lot Size 0.441 Acres
Acres 0.44
Lot Dimensions 115.00 x 0.00
Property Description
Spacious triplex in Elkins Park is situated on nearly half an acre and loaded with modern conveniences and old-world charm! A nostalgic porch greets you before entering the vestibule with hardwood floors and a fireplace. Established as a profitable investment property (generating $4,295/mo in income) with 3 attractive, sizeable, well-maintained units, 9ft ceilings on the first and second floors, ample closet/storage space, hardwood floors throughout, and separate electric and gas utilities (landlord pays water; averaging $218/mo). This property even has enough land for a driveway and garage. UNIT #1 (on the 1st floor) was renovated in 2017 and features 3 bedrooms, a large renovated kitchen/open concept living room, a fully renovated bathroom with a tub and custom tile work. This unit has 9ft ceilings, new custom windows, ample closet space, hardwood floors, distinctive archways, a rear mudroom, and 2 private entrances. This unit leases for $1,750/mo and expires 7/31/2021. UNIT # 2 (on the 2nd floor) was renovated in 2018 and features 2 spacious bedrooms, a renovated kitchen, a large and sun-filled living room, and a renovated bathroom with an extra-wide shower stall. This unit also has beautiful hardwood floors and unique architectural details adding to the appeal with a curved bump-out providing extra space in the living room and an archway in one of the bedrooms. This unit leases for $1,595/mo and expires 7/31/2022. UNIT #3 (on the 3rd floor) offers a bedroom, living room, bath, and fully equipped kitchen. The living room has classic built-in shelving units and its own private balcony overlooking the town. This unit leases for $950/mo and expires 5/31/2022. The full basement is common and offers private storage areas for each of the three units as well as the owner. The basement also offers on-site Coin-operated laundry for even more income! This property is located in desired Cheltenham Township School District, just two blocks from the small town center and the fine shops of Elkins Park Village and a stone's throw from the Elkins Park train station and bus transportation, which helps keep the units fully occupied.
Location
State PA
County Montgomery
Area Cheltenham Twp (10631)
Zoning TRIPLEX
Rooms
Basement Full, Walkout Stairs, Interior Access
Interior
Interior Features Kitchen - Island, Primary Bath(s), Recessed Lighting
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Wall Unit
Fireplaces Number 1
Equipment Built-In Range, Built-In Microwave, Stainless Steel Appliances, Dishwasher, Refrigerator, Washer, Dryer
Fireplace Y
Appliance Built-In Range, Built-In Microwave, Stainless Steel Appliances, Dishwasher, Refrigerator, Washer, Dryer
Heat Source Natural Gas, Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Cheltenham
Others
Tax ID 31-00-19417-001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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Bought with Joseph A Bianchimano • RE/MAX 2000
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "