100 Grandview Rd, Ardmore, PA 19003

$791,000
2,855
SqFt
List Price
$791,000
Days on Market
14
Status
ACTIVE
MLS#
PAMC2020598
Living Area
2,855
Lot Size (Acres)
0.19
Style
Colonial
Year Built
1900
County
Montgomery
School District
Lower Merion

Property Description

Incredible opportunity to own a multi-unit property that is fully rented in Lower Merion. Properties like this rarely come on the market. All three units have updated kitchens and have been fully rented consistently since the property was purchased. Garage is also rented for additional income. (Garage being sold in "as is" condition.) First floor unit is a three bedroom, two bath unit that has two extra space for an office or play room. This unit is currently rented but could be an owners unit with income on the top two floors. The first floor has its own entrance while the two additional units share a common door on the side. First floor also has direct access to the basement for storage and laundry as well as access to the driveway for off street parking. Second and third floor apartments are both two bedroom, one bath apartments. There is a shared washer and dryer in the basement that is accessible from rear basement door. Landlord pays for water, snow removal and lawn care and tenants pay for electric and heat. This property is on a great residential street with mostly single family homes. It is close to parks, shopping and transportation. Tenants benefit from the Lower Merion schools too. Unit 1 - monthly rent - $2,100. Lease ends 8/31/2022 Unit 2 - monthly rent - $1,800. Lease ends 7/31/2022 Unit 3 - monthly rent - $1,300. Lease ends 5/31/2022 (all three units have tenants for more than one year) Garage - monthly rent - $175. Month to month lease with same tenant for over 7 years. Because the property is fully rented, there will be three open houses to facilitate viewing the entire property. Any other showings will require at least 24 hour notice,

Additional Information

Area
Lower Merion Twp (10640)
Taxes
$7625
School District
Lower Merion
Flooring
Wood, Carpet
Heating
Forced Air, Baseboard - Electric
Heating Fuel
Natural Gas
Cooling
None
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Compass RE.