UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 4,082 sqft
Price per Sqft $367
MLS Listing ID PAMC2182228
Style Colonial
Abv Grd Liv Area 4,082
Year Built 1925
Annual Tax Amount $12,063
Tax Year 2026
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Detached
Source BRIGHT
Property Description
The property consists of three residential units and a detached garage, all currently leased. Unit 1 is a spacious 3-bedroom, 1-bathroom apartment featuring a private deck and in-unit laundry, rented for $3,070/month. Unit 2 offers 2-3 bedrooms, 1 bathroom, and in-unit laundry, rented for $2,750/month. Unit 3 is a large 5-bedroom, 1-bathroom apartment with in-unit laundry, rented for $3,070/month. The detached garage provides an additional income stream, currently rented for $480/month.
Adding to the property's strong investment profile, tenants are responsible for their own electric and gas utilities, unit 2 pays $100 flat water each month. The property also features a large driveway with parking for 10+ vehicles, a highly sought-after amenity for tenants and guests alike.
Whether you're looking to expand your portfolio with a high-performing asset or complete a 1031 exchange, this turnkey, income-producing property checks all the boxes. Opportunities to acquire a fully leased multifamily property with strong rents, multiple income streams, tenant-paid utilities, and a premier Lower Merion location are rare. Schedule your showing today and add this exceptional investment to your portfolio.
Location
State PA
County Montgomery
Area Lower Merion Twp (10640)
Zoning R7
Rooms
Basement Unfinished
Interior
Hot Water Electric, Natural Gas
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Parking Features Additional Storage Area, Garage - Front Entry
Garage Spaces 11.0
Water Access N
Accessibility None
Total Parking Spaces 11
Garage Y
Building
Foundation Stone
Above Ground Finished SqFt 4082
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 40-00-39404-003
Ownership Fee Simple
SqFt Source 4082
Acceptable Financing Cash, Conventional, FHA, Other
Listing Terms Cash, Conventional, FHA, Other
Financing Cash,Conventional,FHA,Other
Special Listing Condition Standard
Nearby School & Business
Get More Information