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
- Zone code
- D
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 10-00-05260-00-4
- APU
- 100005260004
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 5, 2021 | — | Midgard Properties LP | — | Deed · related | $735k · Provident Bank |
| Nov 21, 2017 | — | Midgard Properties LP | — | Deed · related | $725k · Beneficial Bk |
| Oct 5, 2016 | $464,930 | Midgard Properties LP | Gma Realty LP | Deed | — |
| Dec 17, 2004 | $729,000 | Gma Realty | Klett Organization | Grant Deed | $1.4M · Beneficial Mutual Savings |
| Mar 3, 2004 | — | Wachovia Bk NA | Interbay Fund LLC | Grant Deed · related | — |
| Jan 9, 2002 | — | Court Realty York | Klett,bert | Grant Deed · related | — |
| — | — | Organization Klett | — | Deed Of Trust · related | $600k · Pnc Bank |
| — | — | Midgard Properties LP | — | Deed Of Trust · related | $725k · Beneficial Bk |
| — | — | Bert Klett | — | Deed Of Trust · related | $650k · Interbay Fund LLC |
| — | — | Gma Realty | — | Deed Of Trust · related | $795k · Beneficial Mutual Savings |
| — | — | First Union National Bank | — | Deed Of Trust · related | $500k · Klett Organization |
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 Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,430,000
- 6.5%
- $1,320,000
- 7%
- $1,225,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,159,000
- AI Estimate
- $938,000
Market price range: $685k - $1.16MMarket price range: $452k - $938k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $880,000 Current use
- OFFICE BUILDING
- $1,355,000 Change: +54% Conversion: Easy
- MEDICAL BUILDING
- $1,305,000 Change: +48% Conversion: Easy
- RESTAURANT
- $1,160,000 Change: +32% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,150,000 Change: +31% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $1,080,000 Change: +23% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
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
