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Sold

7934 MONTGOMERY AVE

7934 MONTGOMERY AVENUE, ELKINS PARK, PA 19027

$475,000
Spacious triplex in Elkins Park is situated on nearly half an acre and loaded with modern conveniences and old-world charm! A nostalgic porch greets you before entering the vestibule with hardwood floors and a fireplace. Established as a profitable investment property (generating $4,295/mo in income) with 3 attractive, sizeable, well-maintained units, 9ft ceilings on the first and second floors, ample closet/storage space, hardwood floors throughout, and separate electric and gas utilities (landlord pays water; averaging $218/mo). This property even has enough land for a driveway and garage. UNIT #1 (on the 1st floor) was renovated in 2017 and features 3 bedrooms, a large renovated kitchen/open concept living room, a fully renovated bathroom with a tub and custom tile work. This unit has 9ft ceilings, new custom windows, ample closet space, hardwood floors, distinctive archways, a rear mudroom, and 2 private entrances. This unit leases for $1,750/mo and expires 7/31/2021. UNIT # 2 (on the 2nd floor) was renovated in 2018 and features 2 spacious bedrooms, a renovated kitchen, a large and sun-filled living room, and a renovated bathroom with an extra-wide shower stall. This unit also has beautiful hardwood floors and unique architectural details adding to the appeal with a curved bump-out providing extra space in the living room and an archway in one of the bedrooms. This unit leases for $1,595/mo and expires 7/31/2022. UNIT #3 (on the 3rd floor) offers a bedroom, living room, bath, and fully equipped kitchen. The living room has classic built-in shelving units and its own private balcony overlooking the town. This unit leases for $950/mo and expires 5/31/2022. The full basement is common and offers private storage areas for each of the three units as well as the owner. The basement also offers on-site Coin-operated laundry for even more income! This property is located in desired Cheltenham Township School District, just two blocks from the small town center and the fine shops of Elkins Park Village and a stone's throw from the Elkins Park train station and bus transportation, which helps keep the units fully occupied.

2,776 Sq.Ft. LIVING AREA

0.44 Acres lot

Kathy Givigliano

Kathy Givigliano

Bob Kelley

Bob Kelley

Features & Amenities

Interior

  • APPLIANCES Built-In Range, Built-In Microwave, Stainless Steel Appliances, Dishwasher, Refrigerator, Washer, Dryer
  • other interior Features Kitchen - Island, Primary Bath(s), Recessed Lighting

Area & Lot

  • Status Sold
  • Living Area2,776 Sq.Ft.
  • Lot Area0.44 Acres
  • MLS IDPAMC692916
  • TypeMULTI_FAMILY
  • YEAR BUILT1910
  • Architecture StylesColonial
  • School DistrictCHELTENHAM

Exterior

  • water SourcePublic
  • HEAT TYPEBaseboard - Electric
  • AIR CONDITIONINGWall Unit
  • sewerPublic Sewer
  • SubstructureMasonry

Financial

  • Sales Price$475,000
  • Real Estate Tax $11,078
  • Zoning TRIPLEX

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