114 York Rd Jenkintown, PA 19046
- Investment properties
- 8,282 SF
- 0.29 lot acres
Current Use by Public Records
- Investment properties
Property Details for 114 York Rd
- Year built
- 1908
- Lot size
- 0.29 lot acres
- Property size
- 8,282 SF
- Zone code
- D
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 10-00-05260-00-4
- APU
- 100005260004
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $410,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $500,000
- 6.5%
- $590,000
- 7%
- $550,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $560,000
- Geo Method
- $550,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $510,000
- Retail
- $535,000
- Mixed-Use
- $690,000
- Hospitality
- $525,000
- Educational
- $595,000
- Residential Income
- $525,000
- Energy
- $640,000
- Income-Based Land
- $535,000
- Food Service
- $560,000
Location Insight
- Map
- Local Demand
- City
- Jenkintown
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.125
- Latitude
- 40.0937
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA