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7801 Montgomery Avenue

ELKINS PARK, PA 19027
  • $650,000
  • STATUS: Active
  • ON SITE: 64 Days
  • ID#: PAMC2100180
UPDATED: 161 min ago
$650,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,664
    SQFT
  • $115
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1870
County:

School Ratings & Info

School District:

Description

Mixed-use space at a 6.1% cap rate with an expansive commercial unit on the 1st floor and two fully-occupied apartments on the 2nd floor. The commercial space was once home to a renowned hair salon but is now ready for its new owners and endless possibilities. With the building located steps away from the Elkins Park train station and the abundance of street parking, your business will allow customers and employees to come and go with ease. The first floor is currently one large open floor plan with a single wall to create a separation, 4 smaller rooms, a utility area, laundry room, and 2.5 bathrooms. Floor plans are available. You can also access the basement from 2 different points. And with its 98ft ceilings and three magnificent floor to ceiling windows, this is anything but an average commercial space. The zoning on this property allows for it to be used as a Bank or Financial Institution, Bed and Breakfast, Personal Care Business, Professional Service Business, Restaurant, Retail Shop, Studios for Dance, Art, Music, Photography, Yoga, or similar, Medical Office.For convenience there is a separate entrance to the apartments on the 2nd floor. Upstairs is a 1 bedroom 1 bathroom apartment ($950/mo) and a 3 bedroom 1 bathroom apartment ($2,000/mo). Tenants pay for gas/electric. Owner pays water. And both tenants are currently on a month to month lease but would like to stay and are happy to sign a one-year lease with the new owners. Both apartments are equipped with new forced air heating (gas) and cooling (2023). The 3 Bedroom unit was renovated in 2023 with new flooring, new kitchen, and a new back deck. All new HVAC ductwork in the commercial space (2024). Roof was re-done in 2022. There are 4 parking spots in the rear of the building. The commercial unit has 2 parking spots and each apartment comes with 1 parking spot.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Broc Schmelyun Team | RE/MAX. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-21T07:00:22.563.
www.soldbybroc.com/homes/149223038
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7801 Montgomery Avenue ELKINS PARK, PA 19027

  • Price: $650,000
  • Status: Active
  • On Site: 64 Days
  • Updated: 161 min ago
  • ID#: PAMC2100180
0
Beds
0
Baths
0
½ Baths
0.22
Acres
5,664
SQFT
$115
$/SQFT
1870
Built
Neighborhood:
Cheltenham Twp (10631)
County:
Montgomery
Area:
Cheltenham Twp (10631)
School District:
Cheltenham
Property Description
Mixed-use space at a 6.1% cap rate with an expansive commercial unit on the 1st floor and two fully-occupied apartments on the 2nd floor. The commercial space was once home to a renowned hair salon but is now ready for its new owners and endless possibilities. With the building located steps away from the Elkins Park train station and the abundance of street parking, your business will allow customers and employees to come and go with ease. The first floor is currently one large open floor plan with a single wall to create a separation, 4 smaller rooms, a utility area, laundry room, and 2.5 bathrooms. Floor plans are available. You can also access the basement from 2 different points. And with its 98ft ceilings and three magnificent floor to ceiling windows, this is anything but an average commercial space. The zoning on this property allows for it to be used as a Bank or Financial Institution, Bed and Breakfast, Personal Care Business, Professional Service Business, Restaurant, Retail Shop, Studios for Dance, Art, Music, Photography, Yoga, or similar, Medical Office.For convenience there is a separate entrance to the apartments on the 2nd floor. Upstairs is a 1 bedroom 1 bathroom apartment ($950/mo) and a 3 bedroom 1 bathroom apartment ($2,000/mo). Tenants pay for gas/electric. Owner pays water. And both tenants are currently on a month to month lease but would like to stay and are happy to sign a one-year lease with the new owners. Both apartments are equipped with new forced air heating (gas) and cooling (2023). The 3 Bedroom unit was renovated in 2023 with new flooring, new kitchen, and a new back deck. All new HVAC ductwork in the commercial space (2024). Roof was re-done in 2022. There are 4 parking spots in the rear of the building. The commercial unit has 2 parking spots and each apartment comes with 1 parking spot.
Exterior Features

Architectural Style Other Construction Materials Masonry Garage YN No Parking Types Parking Lot Pool No Pool Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 5664 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplace YN No Heating Forced Air Heating YN Yes Inclusions Appliances Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 0

Property Features

Accessibility Features None Central Air YN Yes Cooling Fuel Electric Foundation Details Block Heating Fuel Natural Gas Hot Water Natural Gas Municipality CHELTENHAM TWP Navigable Water YN N New Construction YN No Number Of Units Leased 2 Number Of Units Total 2 Original MLSNumber 802973699036 Owner Pays Water Ownership Interest Fee Simple Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 12030.00 Tax Lot 59 Vacation Rental YN No Water Source Public Zoning COMMERCIAL MIXED USE

Listing courtesy of Compass Pennsylvania, LLC: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Broc Schmelyun Team | RE/MAX. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-21T07:00:22.563.
 
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