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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision None Available
MLS Listing ID PAMC2186226
Year Built 1972
Annual Tax Amount $11,575
Tax Year 2026
Lot Size 0.321 Acres
Acres 0.32
Lot Dimensions 80X Irr
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
The residential unit mix includes one three-bedroom apartment, one one-bedroom apartment, two two-bedroom apartments, and two efficiency/studio apartments, providing a diverse rental portfolio. The commercial space offers excellent visibility along Ridge Pike, making it ideal for a variety of business uses.
Current monthly rental income totals $8,200 ($98,400 annually). Several tenants have occupied the property for many years, resulting in rents that vary by unit and tenancy, presenting an opportunity for future income growth as units turn over.
The property features a roof that is approximately eight years old and has been well maintained. Tenants pay their own electric, gas, and heat. The owner pays water, sewer, trash, and real estate taxes.
Being sold in as-is condition. This is an outstanding opportunity for investors seeking a fully occupied mixed-use property with immediate cash flow and long-term upside in a highly desirable Montgomery County location.
Location
State PA
County Montgomery
Area Lower Providence Twp (10643)
Zoning RPBD
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Wall Unit
Flooring Wood, Carpet
Inclusions All Appliances All "As-Is" Condition and of No Value
Heat Source Electric
Exterior
Garage Spaces 16.0
Utilities Available Cable TV Available, Electric Available, Sewer Available, Water Available
Water Access N
Roof Type Shingle
Accessibility None
Road Frontage Boro/Township
Total Parking Spaces 16
Garage N
Building
Lot Description Irregular
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Methacton
Others
Tax ID 43-00-11566-001
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby School & Business
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