505-507 Greenwood Avenue

Description

Rarely offered 4-unit apartment building in Jenkintown Borough. Welcome to 505-507 Greenwood Avenue, an incredible quadruplex in the heart of Jenkintown Borough...a wonderful and unique opportunity! This well-maintained property has FOUR units...there are 2 one-bedroom units (both upstairs) AND 2 two-bedroom units (both downstairs with their own washers/dryers). One option is to collect rent for all four apartments each month; however, another option...you could live in one apartment and collect monthly rent for the other three units. Either way...a terrific investment. Each unit has their own separate electric panel & meters, their own thermostat to regulate their gas heat, and their own hot water heater. Historically, it is super easy to attract reliable tenants due to the close proximity to the schools and the public transportation, as well as, the private off-street parking lot in the rear of the property. The property includes a large 6+ car paved parking area for tenants as well as on street parking. Historically, due to the location, there are always multiple tenants wanting to rent these apartments. Leases provided upon request. Note: Some of the current rents are below current market value. Located a couple of short blocks from the award-winning Jenkintown School District (K-12); the very desirable Jenkintown Train Station; the fabulous Jenkintown Shopping District which boasts exquisite shoppes, exceptional restaurants/pubs, along with the Hiway Movie Theater, and the historic Jenkintown Library. Jenkintown Borough is a very convenient and well-loved community which is very accessible to Route 611, Route 309, the PA Turnpike, Center City Philadelphia, and numerous universities, workplaces, and hospitals. Make an appointment and enjoy your visit!