900 Greenwood Ave Jenkintown, PA 19046

This exceptional Class A multifamily investment property, located at 900 Greenwood Ave in Jenkintown Borough, Montgomery County, Pennsylvania (zip code 19046), presents a compelling opportunity for discerning investors. The property comprises two buildings totaling 5,000 square feet on a 0.4-acre lot, featuring six units—four one-bedroom, one-bathroom units and two two-bedroom, one-bathroom units. A complete renovation in 2018 ensures modern amenities and high-quality finishes. Each unit boasts a dedicated parking space in a convenient parking lot, with an additional six parking spaces available. The property benefits from separate utilities for each unit, allowing for efficient management and cost control. Currently utilized as short-term rentals, generating an average monthly rent of $16,000, the property also includes two detached garages, generating an additional $500 in monthly rental income. The property's strong performance is reflected in a 9.60% cap rate and a net operating income (NOI) of $174,568. Financial statements are available upon request. Its prime location offers easy access to public transportation and the vibrant Jenkintown Borough. The property's corner location and permitted multi-family zoning provide significant upside potential. This is a turnkey investment ready for immediate income generation, with the flexibility to continue as short-term rentals, long-term rentals, or a combination of both. The property is zoned for multi-family use. Built in 1924, this property offers a blend of historic charm and modern updates.