123 Walnut Avenue

Ardmore, PA 19003

$620,000
Last Sold Price
Beds
2,305 Sq. Ft.
$269 / Sq. Ft.
2,305
Sq. Ft.
$269
per Sq. Ft.

Description

This multi-family, semi detached property sits in the middle of highly coveted Ardmore, one block from the business district. This 3 unit offering is an excellent addition to any investor’s portfolio. With tenants established, this is a plug and play instant capital return on investment. It offers off street parking on a comfortable street centrally located in the heart of Ardmore. The well maintained structure's stately appearance provides appeal common to the area. Updated original hardwood floors...This multi-family, semi detached property sits in the middle of highly coveted Ardmore, one block from the business district. This 3 unit offering is an excellent addition to any investor’s portfolio. With tenants established, this is a plug and play instant capital return on investment. It offers off street parking on a comfortable street centrally located in the heart of Ardmore. The well maintained structure's stately appearance provides appeal common to the area. Updated original hardwood floors and new windows in units 1 and 2. Wrap around porch with private entrance accessibility. First floor unit features high ceilings and a galley kitchen with an inviting open living room concept. Second floor unit features two bedrooms, living room and kitchen. Third floor unit features one bedroom kitchen and living room. Tenants enjoy privacy and comfort only steps away from highly acclaimed restaurants, local brewery, music hall and highly sought after access to Ardmore Train Station. One half mile west of Suburban Square, a 10 minute walk gives you access to shopping, coffee shops and restaurants in the elegant square. Don’t miss this rare opportunity to own a multi family with this gem featuring Main Line distinction.
  1. Listed by John Curtis • Keller Williams Main Line
    P: (267)-625-1069 johncurtis@kw.com

Property Details for 123 Walnut Avenue

Tax ID Number
40-00-63836-006
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Unit/Flat, Victorian
Waterfront
No
Garage
No
Municipality
LOWER MERION TWP
Central Air
No
LISTING UPDATED: 06/22/2024 12:15 PM

Property Details for 123 Walnut Avenue

StatusClosed
MLS #PAMC2090800
Days on Market41
Taxes$4,801 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.20 AC / 8,750 SF
CountyMontgomery County

Building Information for 123 Walnut Avenue

Stories-Residences3Year Built1920Building Size-Lot Size0.20 AC / 8,750 SF

Property Information for 123 Walnut Avenue

Location
Location
  • School District Name: LOWER MERION
  • School District County ID: 300200396851
  • SchoolDistrictSource: 3rd Party
  • Middle Or Junior School: WELSH VALLEY (MONTGOMERY PA)
  • MiddleSchoolSource: 3rd Party
  • High School: LOWER MERION (MONTGOMERY PA)
  • HighSchoolSource: 3rd Party
  • County: MONTGOMERY
  • MLS Area: Lower Merion Twp (10640)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $122,240
  • Year Assessed: 2022
  • County Tax: $479
  • Improvement Assessed Value: $0
  • City Town Tax: $512
  • Land Assessed Value: $0
  • Clean Green Assessed: No
  • Land Use Code: 1134
  • Historic: No
  • Zoning: 1134 RES: TRIPLEX
  • Tax Lot: 680
  • School Tax: $3,809
  • Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
  • Owner Pays: Insurance, Heat, Gas, Electricity, Water
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Units Leased Count: 3
  • Number Of Units Vacant: 0
  • Vacancy Allowance Rate: 5.00%
  • Number Of Units Month To Month: 0
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense: $8,613
  • Operating Expense Includes: Insurance, Trash
  • Insurance Expense: $3,000
  • Trash Expense: $288
  • Maintenance Expense: $1,200
Financial Information
  • Gross Income: $47,538
  • Gross Scheduled Income: $47,538
  • Net Operating Income: $50,040
  • Annual Rental Income: $50,040
  • Income Includes: Apartment Rentals, Laundry
  • Cap Rate: 5.00
  • Existing Lease Type: Yearly, Month to Month
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 2,305.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 50.00 x 0.00
  • Lot Dimensions Source: Estimated
  • Parcel ID: 736342
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Driveway, Off Street
  • Parking Features: Private, Shared Driveway
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: 2+ Access Exits, Doors - Swing In
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Cooling Fuel: None
  • Heating Type: Radiator
  • Heating Fuel: Natural Gas
  • Hot Water: Multi-tank, Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS
  • List Agent URL: John-Curtis.kw.com

Property History for 123 Walnut Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 123 Walnut Avenue

Taxable ValueLand$34,110Additions$88,130Total$122,240
Tax Record2023$5,105 ($425 / month)
Home Facts
Baths3Total Finished SqFt2,305 SqFtAbove Grade Finished SqFt2,305 SqFtStories2Lot Size8,750 SqFtStyleTriplexYear Built1920ZoningR6ACountyMONTGOMERYAPN40-00-63836-00-6

Schools near 123 Walnut Avenue

This home is within Lower Merion School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Penn Valley School
PublicK to 4

Welsh Valley Middle School
Public5 to 8

Harriton Senior High School
Public9 to 12

Lower Merion High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Main Line

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.