Current Use by Public Records
- Commercial real estate
Property Details for Renfrew Ave
- Year built
- 1950
- Lot size
- 0.06 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity in Ambler, PA, presents two buildings, each housing seven newly renovated rental garages. Located in a quiet, residential neighborhood, these garages offer 24/7 access with ample nighttime lighting. Each 10' x 18' bay, boasting 9'+ ceilings and an 8' x 8' garage door opening, currently leases for $250 per month. Recent renovations (completed within the last 60 days) include a brand new TPO roof with new parapet walls, updated electrical (one outlet, one light fixture per bay), new garage door openers, and repaired mortar lines. All garage doors have been refurbished and painted, ensuring a maintenance-free investment for years to come. The thick brick/stone/concrete walls separating each bay provide excellent sound insulation. Electric utility costs are minimal and covered by the landlord, with tenant usage strictly limited by contract to prevent excessive energy consumption. This property is ideal for investors seeking a low-maintenance, high-return investment, providing secure storage for car enthusiasts, business owners, or homeowners needing extra space. The property sits on a 0.06-acre lot and offers easy access to seasonal items and hobby storage. All work was completed to code. This is a turnkey investment with a projected maintenance-free period of 10-15 years.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ambler
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.2158
- Latitude
- 40.1483
