270 N Keswick Avenue
Glenside, PA 19038
- – beds
- – baths
- 3,750 sqft
- 2,717 sqft lot
- $260 per sqft
- 1935 build
Excellent investment opportunity to own this turn-key, fully occupied, 4- apartment unit building over a store 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.
Listing courtesy of BRIGHT / Quinn & Wilson, Inc.
Last checked:
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Last updated Nov 26, 2024
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MLS# PAMC2122778 —
The Building
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Year Built:1935
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Brick, Masonry, Vinyl Siding
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Structure Type:Over Storefront
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Architectural Style:Other
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Building Units Total:4
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Roof:Flat
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Security Features:Fire Detection System
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Accessibility Features:None
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Basement:Yes
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Basement Type:Outside Entrance, Unfinished
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Total SqFt Source:Estimated
Interior
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:3750
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Living Area SqFt:3,750 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Conventional
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Possession:Subject to Existing Lease
Location
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Directions:South on Easton Road, Turn right on Keswick Avenue and property is on the right.
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Cross Street:Easton
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Latitude:40.10561000
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Longitude:-75.14715000
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Location Type:Suburban
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Property Condition:Very Good
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Lot Size Units:Square Feet
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Lot Size Acres:0.06
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Lot Size Source:Estimated
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Lot Size Dimensions:18.00 x 0.00
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Lot Dimensions Source:Estimated
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Lot SqFt:2,717 Sqft
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Zoning:MSVC MAIN STREET VILLAGE
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Outdoor Living Structures:Brick
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Other Structures:Above Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:4100
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (215) 858-7800
- Office phone:
- (215) 885-7600
Taxes
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Tax ID Number:30-00-35780-001
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Tax Year:2023
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Tax Lot:029
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Tax Annual Amount:$7,040
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Tax Assessed Value:$147,350
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School Tax:5462.0
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County Tax:705.00
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City/Town Tax:872.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Hot Water
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Heating Fuel:Natural Gas
Utilities
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Utilities:Cable TV Available, Electric Available, Natural Gas Available
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Sewer/Septic:Public Sewer
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Electric Service:Circuit Breakers
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Hot Water:Natural Gas
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Water Source:Public
Schools
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Middle School:Abington Junior High School
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High School:ABINGTON
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School District Name:Abington
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School District Source:3rd Party
The Community
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Subdivision Name:Glenside
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Exterior Features:Fire Escape
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Pool:No Pool
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Municipal Trash:No
Parking
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Garage:No
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Type of Parking:Other
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Parking Features:Private
Extra Units
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Other Units:Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
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Vacation Rental:No
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One Bedroom Units:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/25/24
Nov 25, 2024
|
Listed / Active | BRIGHT | $975,000 |