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Danielle Wateridge

danielle.wateridge@gmail.com +1(703) 639-8869

$ 1,100,000

Est. payment -/mo

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Active

270 N KESWICK AVE Glenside, PA 19038

5,014 SqFt

UPDATED:

10/18/2024 11:03 AM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,014 sqft

Price per Sqft $219

MLS Listing ID PAMC2119924

Originating Board BRIGHT

Year Built 1935

Annual Tax Amount $7,040

Tax Year 2023

Lot Size 2,717 Sqft

Acres 0.06

Lot Dimensions 18.00 x 0.00

Property Description

Excellent investment opportunity to own this turn-key, fully occupied, 5-unit building in desirable Keswick Village. This property consists of a commercial beauty salon tenant and (4) one bedroom apartments, all with a great rental history and upward potential. The salon tenant on the main level has invested into their fit-out and is in the middle of a multi-year lease, showing their commitment to the location. The salon is well appointed and has central air and gas heat. Each apartment has received various updates under current ownership; such as kitchens, appliances, baths, flooring, and paint. The property is conveniently located in the heart of Glenside, Abington Township and in close proximity to neighboring shops, pubs, restaurants, a local market, the Keswick Theater and public transportation. The local bus route and the Glenside Train Station are just a short distance away. Apartment demand is extremely high in this desirable location and vacancies are always filled quickly. The apartments have radiator heat by a gas boiler in the basement, controlled and paid for by owner. Current ownership has replaced the roof and numerous other mechanical items such as water heaters and the boiler, greatly reducing future capital expense needs. Tenants are responsible for their individually metered electric and gas. The building has (2) large water heaters in the basement and is equipped with a hard-wired and monitored fire alarm system. There is some parking in the rear of the property and also on street parking. While the building is currently fully occupied and profitable, a new owner could increase income by approximately $100-$200 per month per residential unit ($5,000-$10,000 per year) by implementing various value-add strategies such as adding laundry, charging for reserved parking, and/or upgrading interior finishes to the next level. This is a perfect property for the first-time investor or a seasoned investor to add to their portfolio. Some photos are prior to tenant occupancy.

Location

State PA

County Montgomery

Area Abington Twp (10630)

Zoning MSVC MAIN STREET VILLAGE

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling None

Heat Source Natural Gas

Exterior

Garage Spaces 6.0

Utilities Available Cable TV Available, Electric Available, Natural Gas Available

Waterfront N

Water Access N

Roof Type Flat

Accessibility None

Parking Type Parking Lot

Total Parking Spaces 6

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Middle Schools Abington Junior High School

High Schools Abington

School District Abington

Others

Tax ID 30-00-35780-001

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

Listed by Robert F Felte Jr. • Quinn & Wilson, Inc.

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