Description
Rare Investment Opportunity in downtown Lower Merion! Property is a cash cow and requires very little landlord involvement and is walking distance to Suburban Square and Amtrak/Septa Trains. This mix-use building contains 4 renovated apartments and 1 two story Commercial Unit. Rents are $200-300 below market as they have not been raised in years. Building has 180 feet of street frontage on the high trafficked corner of W Lancaster Ave and Holland Ave, across from the Ardmore Shopping Center. The condo-like apartments contain high end finishes including stainless steel appliances, hardwood floors, stone counter tops, and glass back-splashes. Two washers and two dryers in basement are coin operated and come with building. Very cleaned basement with recently poured slab.
There are four off-street parking spots, two exterior and two in garage for tenants' use. Opportunity to also charge for parking/garage space. Commercial unit will be delivered vacant - perfect for owner user.
Location
Courtesy of: Glen Mary Real Estate LLC Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 26th June, 2022 7:15 AM (UTC)
