New Listing
Description
INVESTMENT OPPORTUNITY IN WALKABLE AMBLER BOROUGH! This ideally-situated duplex offers approximately 2,350 sq ft of living space across two spacious units, providing an excellent opportunity to acquire an income-producing property with established tenants and leases in place through 2027.The first-floor 2-bedroom, 1-bath unit offers approximately 970 sq ft with vinyl plank flooring, private laundry, gas boiler with baseboard heat, and one off-street parking space. The 2nd/3rd floor 3-bedroom, 1-bath unit offers approximately 1,380 sq ft and features an oversized kitchen and bathroom, a combination of vinyl plank flooring and carpeting, private laundry, gas baseboard heat, and two off-street parking spaces. A sliding glass door from the kitchen provides access to a large upper-level deck, offering desirable outdoor space.Both apartments have separately metered electric and gas, and the property also offers a shared backyard, storage shed, and unfinished basement providing additional storage. A perimeter French drain system and backup hydraulic sump pump provide added protection during heavy rain events and power outages.Value-add potential makes this an especially attractive investment opportunity. Current rents are believed to be below market, creating potential for increased rental income as the existing leases expire. Future renovations and strategic improvements could provide additional opportunity to enhance the units, increase rents, and potentially increase overall property value. Current rental information, expenses, and lease details are available upon request.Location is a standout feature. Situated just one block off Butler Avenue, the property is within easy walking distance of Ambler's popular restaurants, bars, coffee shops, shopping, parks, and entertainment. The Ambler SEPTA Regional Rail station is also nearby, and the property is located within the highly desirable Wissahickon School District. Don't miss out on this rare and awesome investment opportunity!
Details
| MLS # | PAMC2195906 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1870 |
| Days On Site | 7 |
| Listing Provided By | RE/MAX Centre Realtors | Angela M Perry |
Features
| SQ Feet | 2,350 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 2 |
| Zoning | R3 |
| Acreage | 0.10 |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Hot Water |
| Interior Features | 2nd Kitchen, Bathroom - Tub Shower, Carpet, Dining Area, Kitchen - Eat-In, Recessed Lighting |
| Appliances | Dishwasher, Dryer, Refrigerator, Stove, Washer, Water Heater |
Exterior
| Exterior Features | Sidewalks, Street Lights |
|---|---|
| Roof | Shingle |
| Construction Materials | Aluminum Siding |
| Foundation Details | Stone |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Driveway |
Taxes
| Tax Annual Amount | 4709 |
|---|
Area Information
| State | PA |
|---|---|
| County | MONTGOMERY PA |
| City | AMBLER |
| Zip Code | 19002 |
| Area | Ambler Boro (10601) |
| Community Name | AMBLER |
| School District | WISSAHICKON |
| Listing VS Median (in AMBLER) | |
Price: $540,000 low | high Med: $660,000 sqft: 2,350 low | high Med: 2,767 $ / sqft: $230 low | high Med: $239 On site: 7 low | high Med: 1 | |
Market Activity 19002
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Learn More About This Property
| State | PA |
|---|---|
| County | MONTGOMERY PA |
| City | AMBLER |
| Zip Code | 19002 |
| Area | Ambler Boro (10601) |
| Community Name | AMBLER |
| School District | WISSAHICKON |
| Listing VS Median (in AMBLER) | |
Price: $540,000 low | high Med: $660,000 sqft: 2,350 low | high Med: 2,767 $ / sqft: $230 low | high Med: $239 On site: 7 low | high Med: 1 | |
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