$460,000
$499,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
1,539 SqFt
SOLD DATE : 12/01/2021
Key Details
Sold Price $460,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,539 sqft
Price per Sqft $298
MLS Listing ID PAMC2000259
Sold Date 12/01/21
Style Other
Abv Grd Liv Area 1,539
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $3,432
Tax Year 2017
Lot Size 3,373 Sqft
Acres 0.08
Lot Dimensions 25.00 x 0.00
Property Description
Rarely available !! Licensed student rental Duplex in Ardmore, fully leased with great cash flow. 2 student rental licenses from Lower Merion Township transfer with the property. The monthly rent is $3,500 and the property is currently leased through June 2022 and soon will be leased for the following cycle through June 2023. Low taxes and operating expenses. Tenant pays all utilities. Gross annual rents are $42,000 and can be higher based on market rent for students. Income / Expense breakdown is attached. Steady occupancy with no vacancy between tenants. Outstanding opportunity to invest in the growing Ardmore area. Low taxes, Lower Merion Twp.
Location
State PA
County Montgomery
Area Lower Merion Twp (10640)
Zoning R6A
Rooms
Basement Full, Unfinished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Wall Unit
Flooring Fully Carpeted
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Cable TV Available
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Lower Merion
Others
Tax ID 40-00-26112-002
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with David W Rantanen • RE/MAX Main Line-West Chester
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
GET MORE INFORMATION