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Welcome to 1352 Ashbourne Rd, Elkins Park, PA 19027 - where investment dreams come true! This stunning single-detached passive income-producing duplex is a gem waiting for savvy investors like you to seize the opportunity. With a total of 2,513 sq ft, this property boasts two fantastic units primed for profit. Unit A on the first floor features 2 bedrooms, 1.5 baths, and a massive kitchen with sleek stainless steel appliances. Plus, with central air and parking, it's the epitome of comfort and convenience. And let's talk location"”just a quick 7-minute stroll to Elkins Park station and a 3-minute walk to Myers Elementary School, making city access and dropping the kids off at school a breeze! The vibrant Cheltenham Co-op Market and Jenkintown Markets are also only minutes away. Unit B, the top-floor haven, offers 4 bedrooms, 1 bath, and a vast kitchen with stainless steel appliances. In-unit laundry and parking add to the allure. But wait, there's more! Nestled on a sprawling 0.51-acre lot, the backyard is a canvas for creativity. Subdivide for neighborly extensions (subject to Cheltenham Township approval), set up storage units, or unleash your entrepreneurial spirit with a machine shop - endless possibilities! Want to take things a step further? Ask me about a potential development opportunity. Whether you're a rent-hacking aficionado or a seasoned investor aiming to rake in about an extra $49k annually, this property delivers. With a cap rate of 6.3%, it's a golden ticket to financial success and opportunity. Don't miss out. Call us to schedule your showing today.
| DAYS ON MARKET | 18 | LAST UPDATED | 4/26/2024 |
|---|---|---|---|
| TRACT | ELKINS PARK | YEAR BUILT | 1875 |
| COMMUNITY | Cheltenham Twp (10631) | COUNTY | MONTGOMERY |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | CHELTENHAM |
|---|---|
| Elementary School | MYERS |
| Jr. High School | CEDARBROOK |
| High School | CHELTENHAM |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Gas Oven, Gas Range, Refrigerator, Washer |
| AREA | Cheltenham Twp (10631) |
| BUYER'S BROKERAGE COMPENSATION | 3 |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Central, Natural Gas |
| INTERIOR | Eat-in Kitchen |
| LOT | 0.51 acre(s) |
| LOT DIMENSIONS | 50.00 x 0.00 |
| PARKING | Off Street |
| SEWER | Public Sewer |
| STYLE | Colonial |
| SUBDIVISION | ELKINS PARK |
| TAXES | 9604 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by EXP Realty, LLC
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Data last updated: 5/14/24 1:49 AM PDT
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