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Key Details
Sold Price $656,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,210 sqft
Price per Sqft $204
MLS Listing ID PAMC2004400
Sold Date 10/15/21
Style Colonial
HOA Y/N N
Abv Grd Liv Area 3,210
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $6,483
Tax Year 2021
Lot Size 4,290 Sqft
Acres 0.1
Lot Dimensions 50.00 x 0.00
Property Description
Fantastic investment alert! This Willow Grove residential quadplex plus garage with a long rental history is for sale for the first time in 35 years. This property is in a great location with many amenities including private parking for each unit and a washer and dryer in each unit. Total historical rental income of $57,900 for all units including the garage with the potential for much more. The buildings have been well maintained over the years with most windows replaced recently painted exterior and newer heaters installed in 2015. 12A is a 1 bed, 1 full bath plus a den that is rented for $1,000 a month with the current tenant in place for over 4 years. This unit has private access to the basement for additional storage. 12B is 3 beds and 1 full bath and is rented currently for $1,300 a month with the tenant in place for 4.5 years. 14A is 2 beds, 1 bath and is currently vacant but was previously rented for $1,125 a month. The owner has many willing tenants and will likely be rented shortly. This unit has a recently updated bathroom with a new vanity and luxury vinyl tile floor. 14B is a 3 bed 1 bath unit that is rented for $1,200 a month and the current tenant has been in place for over 5 years. The rear garage is rented for $200 a month but that tenant takes care of snow plowing for the parking lot and driveway. Owner currently pays approximately $3,600 a year in utilities that includes water, sewer, common area electric and lawn maintenance. This is a turn key investment with a long rental history in a fantastic location for future income growth. Showings start on Thursday July 22nd.
Location
State PA
County Montgomery
Area Upper Moreland Twp (10659)
Zoning R-QUADPLEX
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Flooring Carpet
Fireplaces Number 1
Equipment Dishwasher, Dryer, Oven/Range - Gas, Washer
Fireplace N
Window Features Double Pane,Energy Efficient
Appliance Dishwasher, Dryer, Oven/Range - Gas, Washer
Heat Source Natural Gas
Exterior
Garage Spaces 7.0
Utilities Available Natural Gas Available
Waterfront N
Water Access N
Roof Type Shingle
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 7
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District Upper Moreland
Others
Tax ID 59-00-02971-003
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Sean M. Elstone • Keller Williams Main Line