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414 Cedar Street

JENKINTOWN, PA 19046
  • $549,000
  • STATUS: Active
  • ON SITE: 149 Days
  • ID#: PAMC2051072
UPDATED: 53 min ago
$549,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1880
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Jenkintown Borough Investment Property Opportunity. You don't want to miss this well-maintained, mixed-use property. Location is key, as it is one block outside the main center of town. This extra wide lot has a spacious one bedroom, one bath, updated second floor apartment, along with a bonus room on the third floor. There is a stackable washer and dryer in the unit. It is currently leased. Use it as income or make it your home. Jenkintown is well known as a walkable Borough and this location truly makes that an easy reality.The first floor has two office spaces that are currently leased. Each has its own separate entrance. The front office has two rooms. The front room is 14X8 and the rear room is 14X14. The side office has two rooms. The front room is 14X14 and the rear room is 18X10. Each office has a single half bathroom. Wall unit A/C cools these two units. The offices and apartment are all updated with LED lighting and vinyl, insulated replacement windows. There are separate meters for each unit and three gas boilers provide comfortable, hot water heat. The third floor is heated with base board electric.A detached four-unit garage in great condition makes this property even more appealing. Storage and / or rental space adds to the potential income. There are ten marked parking spaces. Four of which are currently leased to area residents, where off street parking is always in strong demand. This location is seriously ideal. A short walk provides most of the stores and services you or a tenant will need. Restaurants, entertainment, town square, medical, services, regional rail and mass transit are all conveniently located. Situated just off the 611 corridor, several great hospitals are a close drive away, along with several colleges and numerous other shopping and services districts. Strong public safety services and a very sought-after school district, all add to the value and appeal of this parcel. Jenkintown Borough has this property documented as commercial. It is within the C-1 Modified Residential Zoning Map. They advise the two offices, along with the rest of the property, have been a long time permitted use. The one-bedroom apartment is currently leased at $1,300.00. The front office is leased at $650.00. The rear office is leased at $800.00. Two of the garages are leased at $175.00 apiece. The other two garages are owner occupied. The four leased parking spaces are occupied at $50.00 per space, per month. The rents in general are reasonable and more likely on the lower end of their potential. The main roof was shingled in +GG07. The flat roof was done in +GG15 and coated in +G-22. The garage roof was shingled in +GG20. The entire asphalt area was redone in +GG19. The hot water heater was installed in +GG20. The apartment was remodeled and updated in +GG15.This is a unique property that is ready to generate instant income and is in great condition. It offers a great opportunity to the investor who is looking for an addition to their holdings or an end user owner / occupant. As always, buyers and their agents should conduct their own due diligence when deciding to acquire property.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Kriza Real Estate Team | Beiler-Campbell Realtors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-02-03T16:53:52.977.
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414 Cedar Street JENKINTOWN, PA 19046

  • Price: $549,000
  • Status: Active
  • On Site: 149 Days
  • Updated: 53 min ago
  • ID#: PAMC2051072
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1880
Built
Neighborhood:
Jenkintown Boro (10610)
County:
Montgomery
Area:
Jenkintown Boro (10610)
Elementary School:
Jenkintown
Middle School:
Jenkintown Middle School
High School:
Jenkintown
School District:
Jenkintown
Property Description
Jenkintown Borough Investment Property Opportunity. You don't want to miss this well-maintained, mixed-use property. Location is key, as it is one block outside the main center of town. This extra wide lot has a spacious one bedroom, one bath, updated second floor apartment, along with a bonus room on the third floor. There is a stackable washer and dryer in the unit. It is currently leased. Use it as income or make it your home. Jenkintown is well known as a walkable Borough and this location truly makes that an easy reality.The first floor has two office spaces that are currently leased. Each has its own separate entrance. The front office has two rooms. The front room is 14X8 and the rear room is 14X14. The side office has two rooms. The front room is 14X14 and the rear room is 18X10. Each office has a single half bathroom. Wall unit A/C cools these two units. The offices and apartment are all updated with LED lighting and vinyl, insulated replacement windows. There are separate meters for each unit and three gas boilers provide comfortable, hot water heat. The third floor is heated with base board electric.A detached four-unit garage in great condition makes this property even more appealing. Storage and / or rental space adds to the potential income. There are ten marked parking spaces. Four of which are currently leased to area residents, where off street parking is always in strong demand. This location is seriously ideal. A short walk provides most of the stores and services you or a tenant will need. Restaurants, entertainment, town square, medical, services, regional rail and mass transit are all conveniently located. Situated just off the 611 corridor, several great hospitals are a close drive away, along with several colleges and numerous other shopping and services districts. Strong public safety services and a very sought-after school district, all add to the value and appeal of this parcel. Jenkintown Borough has this property documented as commercial. It is within the C-1 Modified Residential Zoning Map. They advise the two offices, along with the rest of the property, have been a long time permitted use. The one-bedroom apartment is currently leased at $1,300.00. The front office is leased at $650.00. The rear office is leased at $800.00. Two of the garages are leased at $175.00 apiece. The other two garages are owner occupied. The four leased parking spaces are occupied at $50.00 per space, per month. The rents in general are reasonable and more likely on the lower end of their potential. The main roof was shingled in +GG07. The flat roof was done in +GG15 and coated in +G-22. The garage roof was shingled in +GG20. The entire asphalt area was redone in +GG19. The hot water heater was installed in +GG20. The apartment was remodeled and updated in +GG15.This is a unique property that is ready to generate instant income and is in great condition. It offers a great opportunity to the investor who is looking for an addition to their holdings or an end user owner / occupant. As always, buyers and their agents should conduct their own due diligence when deciding to acquire property.
Exterior Features

Construction Materials Vinyl Siding Garage YN No Parking Types Parking LotPrivate GarageOn Street Property Condition Very Good Riparian Rights YN No Roof ShingleFlat Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 1435.00 Cooling Wall UnitWindow Unit(S) Heating Baseboard - ElectricBaseboard - Hot WaterRadiator Heating YN Yes Net Square Feet 1435.00

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2023 Business Type ProfessionalParking Lot Central Air YN No Cooling Fuel Electric Cross Street West Ave Electric 100 Amp Service Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Lease Considered YN No Municipality Jenkintown Boro Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 801859370944 Ownership Interest Fee Simple Possession ImmediateNegotiable Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 7137.00 Tax Assessment Amount 118530.00 Tax Lot 14 Transportation Bus Stop Less Than 1 MileCommuter Rail Station Less Than 1 Mile Vacation Rental YN No Water Source Public Zoning Commercial - C-1 Modified Zoning Description Inside C-1 Modified Area. Jenkintown Borough Recognizes The Parcel As Commercial And Has Permitted The Usage.

Listing courtesy of Homestarr Realty: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Kriza Real Estate Team | Beiler-Campbell Realtors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-02-03T16:53:52.977.
 
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