$502,500
$565,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
1,762 SqFt
SOLD DATE : 07/13/2021
Key Details
Sold Price $502,500
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 1,762 sqft
Price per Sqft $285
MLS Listing ID PAMC681722
Sold Date 07/13/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $4,382
Tax Year 2021
Lot Size 5,670 Sqft
Acres 0.13
Lot Dimensions 42.00 x 0.00
Property Description
Opportunity is knocking! This Ambler 5 unit has the potential for excellent cashflow. Presently the buildings are empty and awaiting the buyer's desired improvements. The main house consists living room, dining room, family room, eat in kitchen with laundry, 3-4 bedrooms and 1.5 baths. The back building offers 4 apartments. Two of these apartments are 2 bedroom and two apartments are 1 bedroom. The main house needs total renovations, damage to radiators, plumbing and cosmetics. The back building has 4 apartments with new carpet are almost tenant ready. Potential income over $6,000 per month!! When the property was occupied the house tenants paid their gas, electric, water, sewer, trash, snow removal. The apartment tenants paid for electric and heat. The expenses were approximately $11,000/year for taxes, insurance, water, sewer, trash. No maintenance landscaping out front. Conveniently located only a low traffic street only a few blocks to the Septa train station. Close to the Wissahickon Creek walking trail. Low property taxes. Great for investor or owner occupant looking for someone else to pay the mortgage. Bring all offers. Buyer responsible for any borough U&O or rental code required repairs.
Location
State PA
County Montgomery
Area Ambler Boro (10601)
Zoning R3
Interior
Hot Water Natural Gas
Heating None
Cooling None
Flooring Carpet, Vinyl, Wood
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Utilities Available Cable TV
Waterfront N
Water Access N
Roof Type Pitched,Shingle,Flat,Rubber
Accessibility None
Parking Type Driveway, On Street
Total Parking Spaces 3
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wissahickon
Others
Tax ID 01-00-01042-001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Bank Portfolio
Listing Terms Cash, Bank Portfolio
Financing Cash,Bank Portfolio
Special Listing Condition Standard
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Bought with Jared M Moyer • Keller Williams Real Estate-Montgomeryville