115 Montgomery Ave - Multi-Family FOR SALE


Bala Cynwyd, PA 19004
$1,250,000 USD
267-838-8537
115 Montgomery Ave, Bala Cynwyd, PA for Sale
$1,250,000 USD
Multi-Family - FOR SALE
1/19
null | 7.36% Cap Rate

115 Montgomery Ave
Bala Cynwyd, PA 19004


HIGHLIGHTS

  • Very desirable Lower Merion School District
  • Renovated in recent years
  • Great tenants!

OVERVIEW

Exceptional investment opportunity in the highly desirable Bala Cynwyd area, located within the award-winning Lower Merion School District! This fully occupied triplex plus separately rented garage offers immediate and substantial cash flow, generating an impressive $9,370 per month ($112,440 annually) in gross rental income. The property consists of three residential units and a detached garage, all currently leased. Unit 1 is a spacious 3-bedroom, 1-bathroom apartment featuring a private deck and in-unit laundry, rented for $3,070/month. Unit 2 offers 2-3 bedrooms, 1 bathroom, and in-unit laundry, rented for $2,750/month. Unit 3 is a large 5-bedroom, 1-bathroom apartment with in-unit laundry, rented for $3,070/month. The detached garage provides an additional income stream, currently rented for $480/month. Adding to the property's strong investment profile, tenants are responsible for their own electric and gas utilities, unit 2 pays $100 flat water each month. The property also features a large driveway with parking for 10+ vehicles, a highly sought-after amenity for tenants and guests alike. Whether you're looking to expand your portfolio with a high-performing asset or complete a 1031 exchange, this turnkey, income-producing property checks all the boxes. Opportunities to acquire a fully leased multifamily property with strong rents, multiple income streams, tenant-paid utilities, and a premier Lower Merion location are rare.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

3

PRICE/UNIT

$416,667

CAP RATE

7.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

115 Montgomery Ave, Bala Cynwyd, Pa 19004

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

-

APN/PARCEL ID

40-00-39404-003

ASK ABOUT THIS PROPERTY

Jason DriscollExp Realty LLCMore Info
267-838-8537

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Jason DriscollExp Realty LLCMore Info
267-838-8537

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.