100 Grandview Road

Ardmore, PA 19003

$800,000
Last Sold Price
Beds
2,855 Sq. Ft.
$280 / Sq. Ft.
2,855
Sq. Ft.
$280
per Sq. Ft.

Description

Incredible opportunity to own a multi-unit property that is fully rented in Lower Merion. Properties like this rarely come on the market. All three units have updated kitchens and have been fully rented consistently since the property was purchased. Garage is also rented for additional income. (Garage being sold in "as is" condition.) First floor unit is a three bedroom, two bath unit that has two extra space for an office or play room. This unit is currently rented but could be an owners unit with...Incredible opportunity to own a multi-unit property that is fully rented in Lower Merion. Properties like this rarely come on the market. All three units have updated kitchens and have been fully rented consistently since the property was purchased. Garage is also rented for additional income. (Garage being sold in "as is" condition.) First floor unit is a three bedroom, two bath unit that has two extra space for an office or play room. This unit is currently rented but could be an owners unit with income on the top two floors. The first floor has its own entrance while the two additional units share a common door on the side. First floor also has direct access to the basement for storage and laundry as well as access to the driveway for off street parking. Second and third floor apartments are both two bedroom, one bath apartments. There is a shared washer and dryer in the basement that is accessible from rear basement door. Landlord pays for water, snow removal and lawn care and tenants pay for electric and heat. This property is on a great residential street with mostly single family homes. It is close to parks, shopping and transportation. Tenants benefit from the Lower Merion schools too. Unit 1 - monthly rent - $2,100. Lease ends 8/31/2022
Unit 2 - monthly rent - $1,800. Lease ends 7/31/2022
Unit 3 - monthly rent - $1,300. Lease ends 5/31/2022
(all three units have tenants for more than one year)
Garage - monthly rent - $175. Month to month lease with same tenant for over 7 years. Because the property is fully rented, there will be three open houses to facilitate viewing the entire property. Any other showings will require at least 24 hour notice,

Property Details for 100 Grandview Road

Tax ID Number
40-00-19856-003
Ownership
Fee Simple
Structure Type
Detached
Style
Colonial
Waterfront
No
Garage
No
Expected On Market Date
01-06-2022
Cross Street
Athens Ave

Location

Add your commute
LISTING UPDATED: 08/30/2022 01:29 AM

Property Details for 100 Grandview Road

StatusClosed
MLS #PAMC2020598
Days on Market22
Taxes$7,625 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.19 AC / 8,065 SF
CountyMontgomery County

Location

Add your commute

Virtual Tour

Building Information for 100 Grandview Road

Stories-Residences3Year Built1900Building Size-Lot Size0.19 AC / 8,065 SF

Payment Calculator

$5,001 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,366

Property Taxes

$635

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 100 Grandview Road

Location
Location
  • School District Name: LOWER MERION
  • School District County ID: 300200396851
  • SchoolDistrictSource: Listing Agent
  • 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
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $195,560
  • Year Assessed: 2021
  • County Tax: $710
  • Improvement Assessed Value: $0
  • City Town Tax: $819
  • Land Assessed Value: $0
  • Clean Green Assessed: No
  • Land Use Code: 1134
  • Zoning: RESIDENTIAL - TRIPLEX
  • Tax Lot: 605
  • School Tax: $6,095
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Common Area Maintenance, Lawn/Shrub Care, Repairs, Sewer Maintenance, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 1
  • Units Leased Count: 3
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 0
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense: $20,381
  • Operating Expense Includes: Insurance, Snow Removal
  • Insurance Expense: $3,913
  • Pest Control Expense: $748
  • Maintenance Expense: $2,121
  • Water Avg Month: $161
  • Water Prev 12 Months: $1,933
  • Other Expense: $3,942
Financial Information
  • Gross Scheduled Income: $64,500
  • Annual Rental Income: $64,500
  • Income Includes: Apartment Rentals, Other
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 2,855.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 65.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 722453
Parking
Parking
  • Type Of Parking: Driveway, On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Forced Air, Baseboard - Electric
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS

Property History for 100 Grandview Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 100 Grandview Road

Taxable ValueLand$42,130Additions$153,430Total$195,560
Tax Record2023$8,166 ($680 / month)
Home Facts
Baths4Total Finished SqFt2,855 SqFtAbove Grade Finished SqFt2,855 SqFtStories3Lot Size8,065 SqFtStyleTriplexYear Built1900ZoningR4CountyMONTGOMERYAPN40-00-19856-00-3Fireplace TypeHas Fireplace

Schools near 100 Grandview Road

This home is within Lower Merion School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Penn Valley School
PublicK to 5

Welsh Valley Middle School
Public6 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.

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. No financial or legal advice provided. Equal Housing Opportunity.

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.