199 W City Ave

Estimated Monthly Payment: $18,040/mo 199 W City Ave, Bala Cynwyd, PA 19004 MLS# PAMC633634 Commercial Sale Listing Status: Active Under Contract
71
23
0
0

REMARKS:

199 W Avenue is a 21 unit mixed use investment opportunity generating significant cash flow in Bala Cynwyd, Pennsylvania.Surrounded by numerous higher education institutions, located within Lower Merion Township, and with access to great public transportation, this will be a fantastic investment opportunity for years to come.The property is complete with an ideal unit mix. There are 18 studio apartments and 3 commercial spaces. The price, size, and condition of the property attracts very good tenants for the residential units. The location of the property has significant walking and vehicular traffic, sits on major bus lines, is across the street from St. Joseph~s University, and has 44,000 AADT. Very appealing for the three commercial spaces.Pride of ownership is apparent at this property, the last property to be sold from a large multi-family portfolio. The owner has managed the property meticulously and it has been modernized and updated thoroughly. With a basically brand new central heating system, updated systems, and an array of other upgrades, the capital improvements have been exhausted here. The exterior of property has roof with a 10 year warranty and the stone/stucco facade has been freshly redone.City Avenue and the markets surrounding it are flourishing. Both the Lower Merion and Philadelphia sides of City Avenue feature great new and established developments, family friendly neighborhoods, and very good colleges and universities. The Bala Village section of City Avenue, where 199 W City Avenue sits, is the gateway to Lower Merion Township and a center for transit and community focused neighborhoods. This unique geography creates stability and regular appreciation for years to come. The market factors impacting this area and the unique design of this property make this a killer investment opportunity. Please request offering memorandum for further property details. Listing Agent is related to Seller.

OVERVIEW:

Commercial Sale
Active Under Contract
BRIGHT
1930
0.14
5972
Other
Natural Gas,Electric
Central A/C,Window Unit(s)
Public
Public Sewer
Above Ground,Cable TV,Electric Available,Natural Gas Available,Sewer Available,Under Ground,Water Available

FEATURES:

Carbon Monoxide Detector(s),Main Entrance Lock,Monitored,Smoke Detector,Surveillance Sys
Wood,Concrete,Terrazzo

FINANCIAL:

3499000
25003
25003

Broker Reciprocity Courtesy of Keller Williams Realty Group

 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Elfant Wissahickon Realtors shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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