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Key Details
Sold Price $555,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 4,179 sqft
Price per Sqft $132
MLS Listing ID PAMC669612
Sold Date 03/15/21
Style Colonial
HOA Y/N N
Abv Grd Liv Area 4,179
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $12,922
Tax Year 2021
Lot Size 6,768 Sqft
Acres 0.16
Lot Dimensions 67.00 x 0.00
Property Description
This investment property is a money maker!!! All three units are separately metered for electric. Tenants pay their own heat, cooking and electricity. Owner currently pays for cold & hot water, house electric and sewer. This property has been well maintained by the current owner who resides on the first floor. House highlights include a new main roof 2020, replacement windows on the second floor, various electric & plumbing updates, hardwood floors on all three levels and laundry facilities in the basement. Located within a short walk to downtown Narberth, the train station, numerous shops and restaurants, a first run movie theater, library and Borough Park. Unit #1- 2 bedrooms, den, dining room, kitchen. full bath, rear screened in porch- owner occupied until March 31, 2021 should rent for $1800-$2000 per month. Unit #2- 2 bedrooms, full bath, large living room, kitchen- just vacated was paying$1450 per month. Unit #3- 1 bedroom, small bedroom or den, full bath, large living room, kitchen- just vacated and was paying $1250 per month. Expenses- Insurance $2,000, water/sewer $1,200, House Electric $1,560 Projected Annual Income- $54,000, Operating Expenses- $17, 632 Net Operating Income $36,368 ** All Income & Expense figures are a combination of actual & estimated figures.
Location
State PA
County Montgomery
Area Narberth Boro (10612)
Zoning RESIDENTIAL TRIPLEX
Rooms
Basement Full
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
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 12-00-01453-002
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Damon C. Michels • BHHS Fox & Roach - Narberth