Property profile

114 York Rd Jenkintown, PA 19046

OFF-MARKET
Investment properties
Property ID
US73-0633756
8,282 SF 0.29 ac lot Built 1908
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional seven-unit multi-family property at 114 York Road, Jenkintown, Pennsylvania, presents a compelling investment opportunity. Situated on a 0.29-acre lot, this turnkey building boasts six residential units and an additional office space, all currently leased, ensuring immediate cash flow. The residential units comprise two spacious two-bedroom apartments and four one-bedroom apartments. Each unit features modern updates including hardwood floors, stainless steel appliances, and PEX plumbing. Convenient in-unit laundry facilities are also provided. One parking space is allocated per residential unit. Further income potential exists through the possibility of renting the existing garage for an estimated $300 per month. The property's prime location in Jenkintown Borough offers unparalleled convenience. Residents enjoy walkability to the vibrant Jenkintown Town Square, a movie theater, a variety of boutique shops, and numerous restaurants. Major retailers such as Starbucks, Trader Joe's, and Whole Foods are also within easy reach. Commuters benefit from proximity to two train stations and convenient access to Route 309, the Turnpike, and nearby universities and hospitals. The property is located within the highly-regarded Jenkintown School District. This fully-leased, income-generating property offers significant long-term potential for investors seeking a stable and profitable addition to their portfolio or a strong entry point into the Jenkintown real estate market. The asking price is $1,785,000.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1908
Total area 8,282 SF
Lot 0.29 ac (12,549 SF)
Zoning code D
APN 10-00-05260-00-4
UPID US73-0633756

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency

Location

114 York Rd Jenkintown, PA 19046-3285
Jenkintown metro Census 202100 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.32M
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$410k

Owner & transaction history

since 2016
7 recorded transactions
2021
Price N/A
2017
Price N/A
2016
$464,930
2004
$729,000
2004
Price N/A
2002
Price N/A
1969
Price N/A

Zoning & alternative use

D · Jenkintown, PA
Top alternative use upside
Office building $1.4M +54.0%
Medical building $1.3M +48.3%
Restaurant $1.2M +32.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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