Property summary
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
VerifiedCap rate & NOI
Current use
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Real Estate Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
D · Jenkintown, PAZoning
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Zoning designation
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