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847-849 Summit Grove Ave, Lower Merion Township, PA 19010

$925,000

  • Sold
  • Closed
  • Multi-Family
  • 10 Total Beds
847-849 Summit Grove Ave, Lower Merion Township, PA 19010 View this property at 847-849 Summit Grove Ave, Lower Merion Township, PA 19010
847-849 Summit Grove Ave Lower Merion Township PA 19010

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Property Description

This 4 unit student rental building has an iconic location and produces $103,200 of gross rental income. Tenants pay all utilities including all heat and electric. Cap rate is well above apartment building cap rates in today's market, and cash on cash return over 14% based on current mortgage options. Prime Bryn Mawr location can not be beat for marketability to student tenants. Licensed and approved by the township. Currently rented through June 2014 .. and will soon be rented through June 2015. Zero vacancy rate under current ownership since 2006. For more information/ financials on the property contact the listing agent.

Full Property Details for 847-849 Summit Grove Ave

  • Sold For: $925,000
  • Taxes: $6,811 (2013)
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: 6225359
  • Added: 1, 648 day(s) ago

Property History

  • 847-849 Summit Grove Ave, Lower Merion Township, PA
  • Sold at $925,000 on 12/27/13
  • Listed at $995,000 on 5/28/13

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 10

Parking

  • Parking: Street

Location

  • Area: L Merion Twp
  • County: MONTGOMERY
  • Subdivision: None Available

Heating & Cooling

  • Heating Type: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Year Built: 1946

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Dimensions: 60

Financial Considerations

  • Tax Amount: $6,811
  • Tax Year: 2013

Listed by Keller Williams Realty Devon-Wayne
Sold by Century 21 Alliance-Blue Bell

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847-849 Summit Grove Ave, Lower Merion Township, PA 19010 (MLS# 6225359) is a Multi-Family property that was sold at $925,000 on December 27, 2013. Want to learn more about 847-849 Summit Grove Ave? Do you have questions about finding other Multi-Family real estate for sale in Lower Merion Township? You can browse all Lower Merion Township real estate or contact a Coldwell Banker agent to request more information.

Listed by Keller Williams Realty Devon-Wayne
Sold by Century 21 Alliance-Blue Bell

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