115 Montgomery Ave,BALA CYNWYD, PA 19004
BALA CYNWYD, PA 19004
Description
Exceptional investment opportunity in the highly desirable Bala Cynwyd area, located within the award-winning Lower Merion School District! This fully occupied triplex plus separately rented garage offers immediate and substantial cash flow, generating an impressive $9,370 per month ($112,440 annually) in gross rental income. The property consists of three residential units and a detached garage, all currently leased. Unit 1 is a spacious 3-bedroom, 1-bathroom apartment featuring a private deck and in-unit laundry, rented for $3,070/month. Unit 2 offers 2-3 bedrooms, 1 bathroom, and in-unit laundry, rented for $2,750/month. Unit 3 is a large 5-bedroom, 1-bathroom apartment with in-unit laundry, rented for $3,070/month. The detached garage provides an additional income stream, currently rented for $480/month. Adding to the property's strong investment profile, tenants are responsible for their own electric and gas utilities, unit 2 pays $100 flat water each month. The property also features a large driveway with parking for 10+ vehicles, a highly sought-after amenity for tenants and guests alike. Whether you're looking to expand your portfolio with a high-performing asset or complete a 1031 exchange, this turnkey, income-producing property checks all the boxes. Opportunities to acquire a fully leased multifamily property with strong rents, multiple income streams, tenant-paid utilities, and a premier Lower Merion location are rare. Schedule your showing today and add this exceptional investment to your portfolio.
Details
| MLS # | PAMC2182228 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1925 |
| Days On Site | 86 |
| Listing Provided By | EXP Realty, LLC | Jason Drew Driscoll |
Features
| SQ Feet | 4,082 |
|---|---|
| Garage | 1 |
| Basement | Y |
| Units | 3 |
| Zoning | R7 |
| Acreage | 0.34 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | 90% Forced Air |
Exterior
| Construction Materials | Frame |
|---|---|
| Foundation Details | Stone |
Parking
| Garage Yes / No | Yes |
|---|
Taxes
| Tax Annual Amount | 12063 |
|---|
Area Information
| State | PA |
|---|---|
| County | MONTGOMERY PA |
| City | BALA CYNWYD |
| Zip Code | 19004 |
| Area | Lower Merion Twp (10640) |
| School District | LOWER MERION |
| Listing VS Median (in 19004) | |
Price: $1,500,000 low | high Med: $439,900 sqft: 4,082 low | high Med: 1,647 $ / sqft: $367 low | high Med: $267 On site: 86 low | high Med: 315 | |
Market Activity 19004
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Learn More About This Property
| State | PA |
|---|---|
| County | MONTGOMERY PA |
| City | BALA CYNWYD |
| Zip Code | 19004 |
| Area | Lower Merion Twp (10640) |
| School District | LOWER MERION |
| Listing VS Median (in 19004) | |
Price: $1,500,000 low | high Med: $439,900 sqft: 4,082 low | high Med: 1,647 $ / sqft: $367 low | high Med: $267 On site: 86 low | high Med: 315 | |
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