Under contract

ACTIVE UNDER CONTRACT

270 N Keswick Ave

Glenside PA, 19038

$975,000


$194.46 per sqft

Under contract

ACTIVE UNDER CONTRACT

5,014 sqft

Commercial

Built in 1935

Excellent investment opportunity to own this turn-key, fully occupied, 5-unit building 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.

PAMC2119924

MLS ID

October 16, 2024

Listed

December 3, 2024

Updated

Map

270 N Keswick Ave
Glenside PA, 19038

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Hot Water, Natural Gas

Exterior/Building Features

Lot Size

0.06 Acres


Sewer

Public Sewer

Other Property Details

Area Name

ABINGTON TWP


Taxes

$7,040


Tax Frequency

Annually


Days on Market

49


Garage

No


Parking Total

6


View

No


County

MONTGOMERY


Water Source

Public


Pool

No

Listing History

Date

Event

Price

12/3/2024

Under contract

11/8/2024

Price change

$975,000

-12%

Listed by Quinn & Wilson, Inc.
Listing Contact: 2158587800 

The IDX display contains information sourced from the Bright MLS, Inc. as of 12/3/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 12/3/2024 at 10:10 PM UTC

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