$980,000
$980,000
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3,010 SqFt
SOLD DATE : 09/20/2023
Key Details
Sold Price $980,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,010 sqft
Price per Sqft $325
MLS Listing ID PAMC2078054
Sold Date 09/20/23
Style Colonial
Abv Grd Liv Area 3,010
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $10,418
Tax Year 2022
Lot Size 7,500 Sqft
Acres 0.17
Lot Dimensions 75.00 x 0.00
Property Description
Welcome to this charming triplex ideally situated on quint cul-de-sac in the Borough of Narberth in eastern Montgomery County. The neighborhood in the heart of Philadelphia's Mainline is best described as a built-out suburban borough and is characterized by diverse architectural housing styles and is conveniently located to all amenities including excellent schools, parks, houses of worship, commercial and retail establishments, major transportation centers and employment centers.
This 3 Family investment property is in excellent condition and has been well-maintained by the current owner during their ownership. It is best suited for an owner occupant who would have two tenants to help offset the operating expenses but also works well for an investor who understands the value of owning and operating a multifamily rental property in Narberth. The Cap Rate if used by an owner occupant is 1.1% and is 6.5% if used strictly as an investment.
There is one apartment on each of the three floors. As you enter the first-floor apartment which has 3 bedrooms and 1 bath and a newer tile kitchen with quartz counters, stainless steel appliances and outside exit; new marble and tile bathroom with chair rail and beadboard wainscot; hardwood main bedroom with walk-out bay window; and hardwood secondary bedroom. Unit #2 is located on the second floor and includes hardwood flooring in the living room; ceramic tile kitchen with dining nook and door to large deck; two bedrooms with hardwood flooring and tile bathrooms. Unit #3 is located on the third floor and includes a hardwood living room; ceramic tile kitchen with dining nook; one hardwood bedroom; and one tile bathroom. Each apartment includes an electric heat pump or mini-split system that provides heat and central air conditioning. This wonderful property also features a full basement with laundry facilities, separately metered electric and full front porch. There is also a shed tastefully situated in the rear yard to house your lawn equipment.
Location
State PA
County Montgomery
Area Narberth Boro (10612)
Zoning 3B
Rooms
Basement Sump Pump, Unfinished, Side Entrance
Interior
Hot Water 60+ Gallon Tank
Heating Central, Wall Unit
Cooling Wall Unit, Multi Units, Central A/C
Flooring Ceramic Tile, Hardwood, Partially Carpeted, Terrazzo
Fireplace N
Heat Source Oil
Exterior
Utilities Available Electric Available, Natural Gas Available
Water Access N
Roof Type Shingle
Accessibility Level Entry - Main
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
Structure Type 9'+ Ceilings,Dry Wall
New Construction N
Schools
High Schools Lower Merion
School District Lower Merion
Others
Tax ID 12-00-01519-008
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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Bought with Hassan Abdellah • The Bentley Group-PA Ltd
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