270 North Keswick Avenue
Glenside, PA 19038
$975,000
Price
4
Beds
4
Baths
3,750 Sq. Ft.
$260 / Sq. Ft.
3,750
Sq. Ft.
$260
per Sq. Ft.
Active Under Contract
Active Under Contract
Description
Excellent investment opportunity to own this turn-key, fully occupied, 4- apartment unit building over a store in desirable Keswick Village. This property consists of a commercial beauty salon tenant and (4) one bedroom apartments, all with a great rental history and upward potential. The salon tenant on the main level has invested into their fit-out and is in the middle of a multi-year lease, showing their commitment to the location. The salon is well appointed and has central air and gas heat....Excellent investment opportunity to own this turn-key, fully occupied, 4- apartment unit building over a store in desirable Keswick Village. This property consists of a commercial beauty salon tenant and (4) one bedroom apartments, all with a great rental history and upward potential. The salon tenant on the main level has invested into their fit-out and is in the middle of a multi-year lease, showing their commitment to the location. The salon is well appointed and has central air and gas heat. Each apartment has received various updates under current ownership; such as kitchens, appliances, baths, flooring, and paint. The property is conveniently located in the heart of Glenside, Abington Township and in close proximity to neighboring shops, pubs, restaurants, a local market, the Keswick Theater and public transportation. The local bus route and the Glenside Train Station are just a short distance away. Apartment demand is extremely high in this desirable location and vacancies are always filled quickly. The apartments have radiator heat by a gas boiler in the basement, controlled and paid for by owner. Current ownership has replaced the roof and numerous other mechanical items such as water heaters and the boiler, greatly reducing future capital expense needs. Tenants are responsible for their individually metered electric and gas. The building has (2) large water heaters in the basement and is equipped with a hard-wired and monitored fire alarm system. There is some parking in the rear of the property and also on street parking. While the building is currently fully occupied and profitable, a new owner could increase income by approximately $100-$200 per month per residential unit ($5,000-$10,000 per year) by implementing various value-add strategies such as adding laundry, charging for reserved parking, and/or upgrading interior finishes to the next level. This is a perfect property for the first-time investor or a seasoned investor to add to their portfolio. Some photos are prior to tenant occupancy.
- Listed by Robert F Felte Jr. • Quinn & Wilson, Inc.P: (215)-858-7800 bfelte@quinnwilson.com
- Listed by Elizabeth Alexander • Quinn & Wilson, Inc.P: (215)-806-1518 liz.alexander@msn.com
Property Details for 270 North Keswick Avenue
Tax ID Number
30-00-35780-001
OwnershipFee Simple
Structure TypeOver Storefront
StyleOther
WaterfrontNo
GarageNo
SubdivisionGLENSIDE
SubdivisionGLENSIDE (MONTGOMERY PA)
LISTING UPDATED: 12/03/2024 04:41 PM
Property Details for 270 North Keswick Avenue
| Status | Active Under Contract |
|---|---|
| MLS # | PAMC2122778 |
| Days on Market | 9 |
| Taxes | $7,040 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1935 |
| Lot Size | 0.06 AC / 2,717 SF |
| County | Montgomery County |
Building Information for 270 North Keswick Avenue
Stories-Residences4Year Built1935Building Size-Lot Size0.06 AC / 2,717 SF
Property Information for 270 North Keswick Avenue
Location
Location
- School District Name: ABINGTON
- School District County ID: 300200397027
- SchoolDistrictSource: 3rd Party
- Middle Or Junior School: ABINGTON JUNIOR HIGH SCHOOL (MONTGOMERY PA)
- MiddleSchoolSource: 3rd Party
- High School: ABINGTON (MONTGOMERY PA)
- County: MONTGOMERY
- MLS Area: Abington Twp (10630)
Waterfront / Water Access
Waterfront / Water Access
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2023
- Tax Assessed Value: $147,350
- County Tax: $705
- Improvement Assessed Value: $0
- City Town Tax: $872
- Land Assessed Value: $0
- Clean Green Assessed: No
- Municipal Trash: No
- Land Use Code: 4100
- Refuse Fee: $720
- Zoning: MSVC MAIN STREET VILLAGE
- Tax Lot: 029
- School Tax: $5,462
- School Tax Payment Frequency: Annually
- Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
- Owner Pays: Gas, Heat, Heater Maintenance Contract, Insurance, Sewer, Snow Removal, Trash Collection, Taxes - Real Estate, Water
Unit Information
Unit Information
- Single Room Units Count: 0
- One Bedroom Units Count: 4
- Two Bedroom Units Count: 0
- Three Bedroom Units Count: 0
- Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
Multi Family
Unit 1
- Type: Unit 1
- Unit Type Occupied YN: Yes
- Level: 1
- Unit Type Finished SQFT: 1300
- Unit Type Lease Type: Long Term
- Unit Type Features: Beauty salon with 2 car parking in rear.
Unit 2
- Type: Unit 2
- Unit Type Occupied YN: Yes
- Level: 2
- Unit Type Lease Type: Month to Month
- Beds Total: 1
- Full Baths Count: 1
- Unit Type Features: Living rm, kitchen bedroom and bath with gas cooking and dishwasher.
- Total Rooms: 4
Unit 3
- Type: Unit 4
- Unit Type Occupied YN: Yes
- Level: 3
- Beds Total: 1
- Full Baths Count: 1
- Unit Type Features: Living room, kitchen, bedroom and bath with gas cooking and microwave.
- Total Rooms: 4
Unit 4
- Type: Unit 5
- Unit Type Occupied YN: Yes
- Level: 3
- Unit Type Lease Type: Month to Month
- Beds Total: 1
- Full Baths Count: 1
- Unit Type Features: Living room, kitchen, bedroom and bath with gas cooking and microwave.
- Total Rooms: 4
Unit 5
- Type: Unit 3
- Unit Type Occupied YN: Yes
- Level: 2
- Unit Type Lease Type: Month to Month
- Beds Total: 1
- Full Baths Count: 1
- Unit Type Features: Living room, kitchen, bedroom and bath with gas cooking and microwave.
- Total Rooms: 4
Financial Information
Expenses
- Operating Expense: $19,788
- Operating Expense Includes: Insurance, Trash
- Insurance Expense: $3,690
- Trash Expense: $720
Financial Information
- Gross Income: $74,976
- Net Operating Income: $55,188
- Annual Rental Income: $74,976
- Income Includes: Apartment Rentals, Shop Rentals
Building Info
Building Info
- Building Units Total: 4
- Total Finished SQFT: 3,750.00
- Total Finished SQFT Source: Estimated
- Total SQFT: 3,750.00
- Total SQFT Source: Estimated
- Construction Materials: Brick, Masonry, Vinyl Siding
- Roof: Flat
- Basement Type: Outside Entrance, Unfinished
Lot / Land Information
Lot / Land Information
- Lot Size Source: Estimated
- Lot Size Dimensions: 18.00 x 0.00
- Lot Dimensions Source: Estimated
- Location Type: Suburban
- Parcel ID: 653492
Parking
Parking
- Type Of Parking: Other
- Parking Features: Private
Interior Features
Interior Features
- Accessibility Features: None
- Security Features: Fire Detection System
Exterior Features
Exterior Features
- Exterior Features: Fire Escape
- Outdoor Living Structures: Brick
- Pool: No Pool
- Other Structures: Above Grade
Utilities
Utilities
- Utilities: Cable TV Available, Electric Available, Natural Gas Available
- Heating: Yes
- Cooling Type: None
- Cooling Fuel: None
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
- Electric Service: Circuit Breakers
Confidential Data
Listing Office
- List Agent AOR: Tri-County Suburban REALTORS
- List Agent URL: www.felterealestate.com
Property History for 270 North Keswick Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 270 North Keswick Avenue
Taxable ValueLand$66,440Additions$80,910Total$147,350
Tax Record2023$6,824 ($569 / month)
Home Facts
Total Finished SqFt5,014 SqFtAbove Grade Finished SqFt5,014 SqFtStories2Lot Size2,717 SqFtStyleOffice BuildingYear Built1935ZoningF1CountyMONTGOMERYAPN30-00-35780-00-1
Schools near 270 North Keswick Avenue
This home is within Abington School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Private - | K to 8 |
Rating | School | Distance |
|---|---|---|
Copper Beech School PublicK to 5 | ||
Abington Junior High School Public6 to 8 | ||
Abington Senior High School Public9 to 12 | ||
St Luke The Evangelist School PrivateK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Quinn & Wilson, Inc.
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