Willow Grove Property - Income Opportunity for User or Investor! This Duplex is an excellent rental property. The building consists of two units. The first is a 2 bedroom unit with living room, dining room, eat-in kitchen with laundry, full bath and screened in deck off the kitchen. The second is a 1 bedroom unit with living room, eat-in kitchen with laundry hookup, and a full bath. In addition, there is a 2 car detached garage with loft. Unit 2 is tenant occupied. New tenant in Unit 1 beginning 10/15/24. Fenced in yard is an added feature. Convenient location; walk to shopping, restaurants, public transportation and much more.
60 Cherry St is a 1 story, 3 unit, new construction started 10 years ago, still unfinished. Exterior, framing, plumbing and electric work is largely completed. It consists of 1 - 2BR/2BA unit and 2- 1BR/1BA units. Plans available. Projected annual income after completion is $48,000. It is adjacent to the rear boundary line of 64 N York (MLS# PAMC2078326), also for sale. It makes sense to package the two, as the income from 64 N York can certainly finance the completion of this project. Schedule to see both at the same time. Easy to show.
64 N York Rd is a 3 story, well maintained, mixed use property, with storefront. This one may be the best income producer in any investors portfolio. Located in the heart of Willow Grove and walking distance to train, bus, WG Mall, restaurants and more. Exterior is vinyl sided. First floor is the storefront space plus a 1BR, 1Bath unit in the rear. 2nd and 3rd floors are similar to each other. Each floor is a 3 BR with a common kitchen and bathroom. The 6 total bedrooms on both the 2nd and 3rd floors are rented by the room sharing a kitchen and bathroom on each floor. The 2nd floor features access to a large, covered deck. The property , in its current condition has an annual income of >$63,000 when fully occupied. Gross Rent Multiplier for comparable sales with the same income is about 10.0. This property makes even more sense when packaged with 60 Cherry St (MLS# PAMC2078386), which is bordering its rear boundary. Schedule to see both and start earning. Easy to show.
Willow Grove is located in Pennsylvania. Willow Grove, Pennsylvania has a population of 13,958. Willow Grove is more family-centric than the surrounding county with 40.82% of the households containing married families with children. The county average for households married with children is 34.89%.
The median household income in Willow Grove, Pennsylvania is $94,587. The median household income for the surrounding county is $99,361 compared to the national median of $69,021. The median age of people living in Willow Grove is 37.6 years.
The average high temperature in July is 85.3 degrees, with an average low temperature in January of 24.1 degrees. The average rainfall is approximately 47.8 inches per year, with 17.4 inches of snow per year.
