402 Cottman St - Apartments FOR SALE


Jenkintown, PA 19046
$795,000 USD
215-816-5835
402 Cottman St, Jenkintown, PA for Sale
$795,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

402 Cottman St
Jenkintown, PA 19046


HIGHLIGHTS

  • 4 Apartments and one 2-car garage, all with separate heat and utilities
  • Close to routes 611, 73, the PA turnpike, walkable location to many necessities
  • Newer windows and roof within the last ten years.
  • Each unit has one off-street parking space in the driveway
  • Talented and trusted repairman, familiar with all aspects of the building, also willing to continue for work as needed

OVERVIEW

Turnkey, 5-unit apartment (4 apartments and a 2-car garage) in a prime location of Jenkintown Borough with upside potential, where you could live in one unit while collecting rent from the other 3 units and garage! Except for water, all units have separate heat and separate utilities. Also has coin operated laundry in the basement for extra income. This property has been well maintained over the years, and just recently had a new hot water heater, new front section of the roof, 10-year-old main roof, new powder room in one of the first-floor apartments, and all newer windows throughout. All hardwood floors throughout and original wood trim throughout. The first-floor apartments are 1-bedroom apartments, and the 2nd floor apartments are 2-bedroom apartments on two floors, and the detached garage is a large 2-bay garage. Also, off-street parking for tenants. All long-term tenants that would like to stay are paying well under market rents. Upside potential to bring rents up to current market. Located in downtown Jenkintown Borough and is walking distance to many restaurants and stores. Also, close to routes 611, 73, the PA turnpike, The Maintenance man would be willing to continue maintaining the building. Situated in downtown Jenkintown Borough, this property benefits from one of Montgomery County’s most desirable and walkable rental locations. Tenants enjoy immediate access to restaurants, shops, and daily conveniences, along with excellent regional connectivity via Routes 611 and 73, the Pennsylvania Turnpike, and nearby public transportation into Philadelphia. Jenkintown’s strong community appeal, limited multifamily inventory, and consistent demand from professionals, families, and long-term renters make this an exceptionally stable rental market. The prime downtown setting supports strong occupancy and long-term upside for a landlord acquiring a well-positioned multifamily asset.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$87 USD /SF

# OF UNITS

5

PRICE/UNIT

$159,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turnkey 4-Unit Quad plus large Garage

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,979 SF

ZONING

C-1

APN/PARCEL ID

10-00-00636-002

ASK ABOUT THIS PROPERTY

Craig Fernsler, CCIMKW CommercialMore Info
215-816-5835

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Craig Fernsler, CCIMKW CommercialMore Info
215-816-5835

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