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Key Details
Sold Price $730,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $152
Subdivision Ambler
MLS Listing ID PAMC2083166
Sold Date 10/03/24
Originating Board BRIGHT
Year Built 1889
Annual Tax Amount $5,287
Tax Year 2024
Lot Size 4,250 Sqft
Acres 0.1
Property Description
Don't miss this opportunity, with a Cap rate over 10% which is a rare occurrence in a Red Hot Downtown Walking district like Ambler. Ambler Borough Mixed Use Property, just a stones throw from Bus and Rail service, and all of Amblers Wonderful Pubs and Restaurants. This unique property features a total of 5 Units, all with Separate Addresses and Separate Utilities. Includes Two 4/5 Bedroom Apartments, two Storefronts, and a Commercial Garage with Office and Bathroom. Located in Highly sought after Wissahickon School District which is a huge enticement for tenants. 4800 Square Feet Total all with separate Utilities. Building Currently provides over 10% Cap Rate and is Truly hard to match
in the Hot Ambler Market. Also, Cap Rate also has the ability to increase significantly since some Rents are below current market values! Original Brick Structure was built in 1889 and still has the Original Carriage Stone to step out of Horse Drawn Carriages located on the corner.
Location
State PA
County Montgomery
Area Ambler Boro (10601)
Zoning 4100
Interior
Hot Water Natural Gas, Electric
Heating Baseboard - Hot Water, Radiator, Baseboard - Electric
Cooling Window Unit(s), Attic Fan, Ceiling Fan(s)
Flooring Bamboo, Carpet, Ceramic Tile, Hardwood, Luxury Vinyl Plank
Heat Source Natural Gas, Electric
Exterior
Garage Spaces 1.0
Waterfront N
Water Access N
Roof Type Built-Up,Asphalt
Accessibility None
Parking Type Driveway, On Street
Total Parking Spaces 1
Garage N
Building
Lot Description Corner
Foundation Stone, Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
Middle Schools Wissahickon
High Schools Wissahickon
School District Wissahickon
Others
Tax ID 01-00-02731-004
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Michael J Brown Jr. • Real of Pennsylvania
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "