123 Walnut Ave Ardmore, PA 19003

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Triplex
• Structure Type: Twin/Semi-Detached
• Architectural Style: Unit/Flat, Victorian
• Accessibility Features: 2+ Access Exits, Doors - Swing In
• Ownership: Fee Simple
• Exclusions: Tenants property
• Historic: No
• Inclusions: Washer and dryer units as is
• New Construction: No
• Year Built: 1920
• Automatically Close On Close Date: No
• Remarks Public: This multi-family, semi detached property sits in the middle of highly coveted Ardmore, one block from the business district. This 3 unit offering is an excellent addition to any investor’s portfolio. With tenants established, this is a plug and play instant capital return on investment. It offers off street parking on a comfortable street centrally located in the heart of Ardmore. The well maintained structure's stately appearance provides appeal common to the area. Updated original hardwood floors and new windows in units 1 and 2. Wrap around porch with private entrance accessibility. First floor unit features high ceilings and a galley kitchen with an inviting open living room concept. Second floor unit features two bedrooms, living room and kitchen. Third floor unit features one bedroom kitchen and living room. Tenants enjoy privacy and comfort only steps away from highly acclaimed restaurants, local brewery, music hall and highly sought after access to Ardmore Train Station. One half mile west of Suburban Square, a 10 minute walk gives you access to shopping, coffee shops and restaurants in the elegant square. Don’t miss this rare opportunity to own a multi family with this gem featuring Main Line distinction.
• Special Features: None

Interior Features

• Fireplace: No
• Wall Ceiling Types: Plaster Walls
• Foundation Details: Permanent, Stone, Concrete Perimeter, Brick/Mortar
• Room Count: 10
• Basement: Yes
• Basement Type: Dirt Floor
• Total Sq Ft: 2305
• Living Area Sq Ft: 2305
• Price Per Sq Ft: 282.00
• Above Grade Finished Sq Ft: 2305
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 123

Exterior Features

• Other Structures: Above Grade, Below Grade
• Construction Materials: Masonry
• Roof: Pitched, Shingle
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage: No
• Parking Features: Private, Shared Driveway
• Type Of Parking: Driveway, Off Street

Utilities

• Central Air Conditioning: No
• Cooling Type: Ceiling Fan(s), Window Unit(s)
• Electric Service: 200+ Amp Service
• Heating Fuel: Natural Gas
• Heating Type: Radiator
• Heating: Yes
• Hot Water: Multi-Tank, Natural Gas
• Sewer/Septic System: Public Sewer
• Water Source: Public

Condo/Co-op/Association

• Association Recreation Fee: No

Schools

• School District: LOWER MERION
• Middle School: WELSH VALLEY
• High School: LOWER MERION
• High School Source: 3rd Party
• Middle School Source: 3rd Party
• School District Key: 300200396851
• School District Source: 3rd Party
• High School: LOWER MERION
• Middle Or Junior School: WELSH VALLEY

Lot Info

• Land Use Code: 1134
• Lot Size Acres: 0.20
• Lot Dimensions: 50.00 x 0.00
• Lot Size Units: Square Feet
• Lot Sq Ft: 8750.00
• Property Condition: Good, Average
• Year Assessed: 2022
• Zoning: 1134 RES: TRIPLEX

Rental Info

• Existing Lease Type: Yearly, Month To Month
• Ground Rent Exists: No
• Owner Pays: Insurance, Heat, Gas, Electricity, Water
• Rent Control: No
• Total Actual Rent: 50040.00
• Units Leased Count: 3
• Vacation Rental: No

Tax Info

• School Tax: 3809.00
• Tax Annual Amount: 4801.00
• Assessor Parcel Number: 40-00-63836-006
• Tax Lot: 680
• County Tax Payment Frequency: Annually
• Tax Year: 2022
• Close Date: 06/17/2024

Multi Family

• Gross Income: 47538.00
• Gross Scheduled Income: 47538.00
• Income Includes: Apartment Rentals, Laundry
• Operating Expense: 8613.00
• Vacancy Allowance Rate: 5.00

MLS Schools

• School District Name: LOWER MERION