Cash Flow Special. 4 Unit Apartment Building In Lower Merion Township With Much Upside Potential. This Building Is On The Corner Of Spring & Simpson And Has Recently Been Completely Vacated. Portion Of The Building Was Previously Commercial. Needs Some T L C But Units Are Large, Separately Metered And Separately Heated. May Be Mold Issue And Some Housing Violations And Agent Is Obtaining Prices For Some Fix-Up Work And Owner May Complete Same. Most Recent Income And Expense Statements From Owners Former Management Company Are Available For Buyer's Review. Unit A:2 Bedrooms, Unit B:3 Bedrooms, Units C & D: 2 1/2 Bedrooms (One Bedroom Is Walk Thru In These Units)
Multi-familyProperty Type
1910Year Built
3,485 sq ftLot Size
$148Est. Price/Sq.Ft.
4 spacesParking
Listed by Keith Raport• BHHS Fox & Roach Wayne-Devon
•610-651-2700 (broker)
Bought with Deborah McCabe• BHHS Fox & Roach-Wayne
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
61 ft.
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Montgomery County
APN
—
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Feb 22, 2017.
VC
Village Center District
The intent of the Village Center VC and Town Center TC Districts is to preserve and enhance the multifaceted uses of the Township’s established commercial areas. VC Districts are the small commercial areas that function as neighborhood or village centers, generally compact, walkable in scale, with local retail, and occasional residential uses above the first floor. TC Districts are the medium to larger commercial areas, related to major transportation corridors, mixing local, regional and national retail, with some residential uses above the first floor. The TC1 Districts are the Township’s traditional shopping districts that developed around train stations and grew as corridors over time. These are pedestrian-oriented with buildings entered from street-front sidewalks, with a variety of retail and service uses, and may include shared and municipal parking. The TC2 Districts are corridor extensions of TC1 Districts, with varied front setbacks that serve as a transitional zone.
Permitted uses
Include but are not limited to:
Assembly/ meeting place
Religious facility
General retail
Infrastructure
Bed & breakfast
Hotel / motel
Mixed use
Educational/school
Recreation
Property details
Parking
Parking Information
# of Open Parking Spaces: 4
Interior
Room Information
Master Bedroom
Laundry Type: Has Laundry
Basement Information
Basement: Yes
Partial, Drainage System
Multi Unit Information
Other Units: Unit 1,Unit 2,Unit 4,Unit 3
Annual Gross Expense: $2,951
Exterior
Property Information
Accessibility Features: Mobility Improvements
Improvement Assessed Value: $117,660
Ownership Interest: Fee Simple
Property Condition: Fixer
Year Built Source: Estimated
Building Information
Construction Materials: Stucco
Other Structures: Above Grade
Structure Type: Detached
Lot Information
Lot Size Dimensions: 61 X 100
Tidal Water: No
Land Information
Land Assessed Value: $25,860
Above Grade Information
Finished Sq.Ft.: 3,970
Finished Sq.Ft. Source: Estimated
Financial
Tax Information
Tax Assessed Value: $143,520
Tax Year: 2003
Tax Annual Amount: $2,951
Utilities
Utilities Information
Gas, Hot Water, Steam
Heating Fuel: Natural Gas, Other
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Location
School Information
School District Name: LOWER MERION
Location Information
Cross Street: SPRING
Directions: From The Blue Rte (Rt 476) And Rte 30 To Ardmore Ave. Turn Right On Ardmore Ave, Turn Left On Spring St To Corner Of Spring & Simpson.
Municipality: LOWER MERION TWP
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Montgomery County
APN: —
Home facts updated by county records on Feb 22, 2017
Around this home
Schools
Penn Valley School
Public K-4 • Assigned • 2.1mi
10/10
Welsh Valley Middle School
Public 5-8 • Assigned • 2.7mi
9/10
Lower Merion High School
Public 9-12 • Assigned • 1.0mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Ardmore, PA • 19003
Average low and high temperatures (°F)
36
23
41
27
59
38
67
46
73
55
84
65
89
71
82
63
78
61
69
48
56
39
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.
8.9 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$557,000 – $675,000
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