Property
Beds
9
Full Baths
None
1/2 Baths
None
Year Built
1925
Sq.Footage
4,082
Exceptional investment opportunity in the highly desirable Bala Cynwyd area, located within the award-winning Lower Merion School District! This fully occupied triplex plus separately rented garage offers immediate and substantial cash flow, generating an impressive $9,370 per month ($112,440 annually) in gross rental income. The property consists of three residential units and a detached garage, all currently leased. Unit 1 is a spacious 3-bedroom, 1-bathroom apartment featuring a private deck and in-unit laundry, rented for $3,070/month. Unit 2 offers 2-3 bedrooms, 1 bathroom, and in-unit laundry, rented for $2,750/month. Unit 3 is a large 5-bedroom, 1-bathroom apartment with in-unit laundry, rented for $3,070/month. The detached garage provides an additional income stream, currently rented for $480/month. Adding to the property's strong investment profile, tenants are responsible for their own electric and gas utilities, unit 2 pays $100 flat water each month. The property also features a large driveway with parking for 10+ vehicles, a highly sought-after amenity for tenants and guests alike. Whether you're looking to expand your portfolio with a high-performing asset or complete a 1031 exchange, this turnkey, income-producing property checks all the boxes. Opportunities to acquire a fully leased multifamily property with strong rents, multiple income streams, tenant-paid utilities, and a premier Lower Merion location are rare. Schedule your showing today and add this exceptional investment to your portfolio.
Features & Amenities
Interior
-
Total Bedrooms
9
-
Bathrooms
N/A
-
Above Grade Finished Area
4082.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Gas
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
1
-
Construction Materials
Frame
-
Parking
Garage, Driveway, Detached
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.34
-
Lot Size(square feet)
14810.0
-
Property Type
Residential Income
-
Property Sub Type
Triplex
-
Architectural Style
Colonial
Price
-
Sales Price
$1,500,000
-
Tax Amount
$12,063
-
Sq. Footage
4, 082
-
Price/SqFt
$367
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Stone
-
Sewer
Public Sewer
-
Tax Lot
231
-
Water Source
Public
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Location
County
MONTGOMERY
Elementary School
Middle School
High School
Listing Courtesy of Jason Drew Driscoll , EXP Realty, LLC
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AGENT
Lizzy Isenberg
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