ATTENTION INVESTORS! Twin in Elkins Park that can be used as a single family home with an in-law suite OR a duplex. Property is legally zoned for a duplex however check with Cheltenham Twp to confirm. One two bed, 1 1/2 bath unit and a 1 bed 1 bath unit with its own separate kitchen on lower level. Property has two kitchens (one in each unit). Property is in need of total renovation and is being sold "AS-IS." Buyer is responsible for obtaining all certifications including the U&O certification with Cheltenham Twp. Make your offer today!
Opportunity is knocking! HUGE Triplex Situated on an oversized lot in Elkins Park located just .3 miles from the Melrose Park Train Station. It is the perfect mix of modern conveniences and old world charm. The owner has occupied the first floor and rented the other units. As you walk up to the home you are greeted by a wrap around screened in porch on the first floor which leads you into the foyer of the home. The 1st floor unit is spacious with 1731 sq feet. There are 3 GOOD sized bedrooms and 2 bathrooms. Included in that is an owners suite. The living room features an electric fireplace that is ideal on the cold winter nights. The kitchen has been remodeled with SS appliances, newer cabinets, granite counters, bar seating, and tile backsplash. For all your storage needs there is a walk out basement with laundry, and utilities. As an added bonus, there is also solar panels that are owned with 12 years left on their warranty. They are connected to the first floor unit. Excess energy made is expressed as a credit in their PECO bill. Leading up to the 2nd and 3rd unit you are greeted by a covered porch which has been shared by the tenants. The 2nd Floor offers 1228 sq feet with 2 bedrooms and 1 bath. Newer Ark Fault electric has been installed, washer and dryer, as well as replacement windows. The third floor offers 717 sq ft with 1 Bedroom and 1 bath. Also there are two garages on the property which could also be rented out. There is a 3 car garage and a 2 car garage. There is no shortage of storage here! Utilities: each unit is billed separately for gas & electric. Water & Sewer is one bill for all units.
Totally Renovated Two unit twin in Melrose Park! Separate Electric! All New Flooring (2024), All new paint (2024), All New Baths (2024), All New Kitchens (2024) All New HVAC (2024), All New Electric Wiring (2024), All New Plumbing (2024). Detached 2 car garage. Unit 1 Features the entire 1st Floor & Lower Level, with 2 Bedrooms, 2 Living Rooms, an Office, Kitchen, 2 Full Baths, Mud Room, Laundry Room. Unit 2 Features the entire 2nd & 3rd Floor. Complete with 3 Bedroom, 1 Full Bath, Laundry, Kitchen, and Living Room. Only a 5 Minute walk to SEPTA Melrose Park Train Station!
Welcome to 1352 Ashbourne Rd, Elkins Park, PA 19027 â 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, itâs the epitome of comfort and convenience. And letâs talk locationâit's within walking distance of the Elkins Park train station, Creekside Market & Tap, and Myers Elementary School. Vibrant 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, thereâs 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 â endless possibilities! Want to take things a step further? Ask me about a potential development opportunity. Whether youâre 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%, itâs a golden ticket to financial success and opportunity. Donât miss out. Call us to schedule your showing today.
Mixed-use space at a 6.1% cap rate with an expansive commercial unit on the 1st floor and two fully-occupied apartments on the 2nd floor. The commercial space was once home to a renowned hair salon but is now ready for its new owners and endless possibilities. With the building located steps away from the Elkins Park train station and the abundance of street parking, your business will allow customers and employees to come and go with ease. The first floor is currently one large open floor plan with a single wall to create a separation, 4 smaller rooms, a utility area, laundry room, and 2.5 bathrooms. Floor plans are available. You can also access the basement from 2 different points. And with its 9â8ft ceilings and three magnificent floor to ceiling windows, this is anything but an average commercial space. The zoning on this property allows for it to be used as a Bank or Financial Institution, Bed and Breakfast, Personal Care Business, Professional Service Business, Restaurant, Retail Shop, Studios for Dance, Art, Music, Photography, Yoga, or similar, Medical Office. For convenience there is a separate entrance to the apartments on the 2nd floor. Upstairs is a 1 bedroom 1 bathroom apartment ($950/mo) and a 3 bedroom 1 bathroom apartment ($2,000/mo). Tenants pay for gas/electric. Owner pays water. And both tenants are currently on a month to month lease but would like to stay and are happy to sign a one-year lease with the new owners. Both apartments are equipped with new forced air heating (gas) and cooling (2023). The 3 Bedroom unit was renovated in 2023 with new flooring, new kitchen, and a new back deck. All new HVAC ductwork in the commercial space (2024). Roof was re-done in 2022. There are 4 parking spots in the rear of the building. The commercial unit has 2 parking spots and each apartment comes with 1 parking spot.
Elkins Park large multi family building consisting of three rental units. The building contains 3 separate rental units, however only 2 are legally zoned for rental purposes. The building needs updating and is being sold in "as is" condition. Electric for each apartment is separate. Owner pays domestic hot water and heating fuel (oil). Owner also pays cold water. Off street parking is available for one of the units. Large double lot with plenty of yard space and privacy. Building could be converted back to single family as well. Yearly expenses as follows: $17,712 Water and sewer $2800, Oil/heat $3078, PECO common areas $1764, Building Insurance $1344, Real estate taxes $8726. Yearly rental Income: $31,860 Yearly expenses : $17,712 net operating income-$14,148.00 Apt B - lower level apartment $735 (not legally zoned) Floor 1 - 1st floor rear $895 Floor 2 - 2nd floor $1,025 call for appointments-24 hour notice.
Elkins Park is located in Pennsylvania. Elkins Park, Pennsylvania has a population of 20,159. Elkins Park is less family-centric than the surrounding county with 25.14% of the households containing married families with children. The county average for households married with children is 35.13%.
The median household income in Elkins Park, Pennsylvania is $67,978. The median household income for the surrounding county is $84,791 compared to the national median of $57,652. The median age of people living in Elkins Park is 41.1 years.
The average high temperature in July is 86.1 degrees, with an average low temperature in January of 24.3 degrees. The average rainfall is approximately 47.3 inches per year, with 15 inches of snow per year.