119 North Essex Avenue

Narberth, PA 19072

$550,000
Last Sold Price
6
Beds
3
Baths
2,867 Sq. Ft.
$192 / Sq. Ft.
2,867
Sq. Ft.
$192
per Sq. Ft.

Description

It’s not often that an opportunity like this comes along in popular Narberth Boro. This three-unit, multi-family home is located just one block from the charming shops, restaurants, and R-5 train in downtown Narberth. The house sits on a corner lot and has a one car detached garage and driveway parking for 5 more cars. The tenants enjoy a front door common area entry. The first-floor unit, with two dedicated entrances includes a large bedroom, 2nd bedroom, full bath, galley kitchen and large living/dining...It’s not often that an opportunity like this comes along in popular Narberth Boro. This three-unit, multi-family home is located just one block from the charming shops, restaurants, and R-5 train in downtown Narberth. The house sits on a corner lot and has a one car detached garage and driveway parking for 5 more cars. The tenants enjoy a front door common area entry. The first-floor unit, with two dedicated entrances includes a large bedroom, 2nd bedroom, full bath, galley kitchen and large living/dining room. Beautiful hardwood floors and central A/C are features of the apartment. The second and third-floor units are accessed via their own front door. The second floor apartment has two bedrooms, full bath, updated galley kitchen, living room/dining room. This unit also boasts hardwood floors and a walkout balcony for outdoor relaxation or dining. The third-floor apartment has two bedrooms with an updated eat-in kitchen, full bathroom, and living/dining room. This unit also offers hardwood floors and a walkout balcony for outdoor relaxation or dining. A full basement with inside/outside access is available for laundry and storage for the tenants. These units have been consistently leased through the years, producing a reliable source of steady rental income. Perfectly located in the award-winning Lower Merion Schools, and easy access to major highways and public transportation (bus stop at the corner). This a great opportunity for any investor. Pictures will be updated next week and showings expected to begin on 5/6.
  1. Listed by Charles S Barbera • RE/MAX Preferred - Malvern
    P: 2672222876 chuckbarberateam@gmail.com

Property Details for 119 North Essex Avenue

Tax ID Number
12-00-01072-005
Ownership
Fee Simple
HOA
No
Structure Type
Detached
Style
Colonial
Waterfront
No
Garage
Yes
Expected On Market Date
05-07-2021

Location

Listing Courtesy of RE/MAX Preferred - Malvern

Sold By Realty Mark Associates-CC

Add your commute
LISTING UPDATED: 12/08/2022 02:35 PM

Property Details for 119 North Essex Avenue

StatusClosed
MLS #PAMC686938
Days on Market6
Taxes$7,931 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.14 AC / 6,250 SF
CountyMontgomery County

Location

Listing Courtesy of RE/MAX Preferred - Malvern

Sold By Realty Mark Associates-CC

Add your commute

Building Information for 119 North Essex Avenue

Stories-Residences3Year Built1900Building Size-Lot Size0.14 AC / 6,250 SF

Payment Calculator

$3,662 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,002

Property Taxes

$661

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 119 North Essex Avenue

Location
Location
  • School District Name: LOWER MERION
  • School District County ID: 300200396851
  • SchoolDistrictSource: Listing Agent
  • County: MONTGOMERY
  • MLS Area: Narberth Boro (10612)
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
  • Type of Condo
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2020
  • Tax Assessed Value: $180,000
  • Year Assessed: 2021
  • County Tax: $654
  • Improvement Assessed Value: $0
  • City Town Tax: $1,776
  • Land Assessed Value: $0
  • Clean Green Assessed: No
  • Land Use Code: 1134
  • Zoning: R4
  • Tax Lot: 032
  • School Tax: $5,501
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Common Area Maintenance, Insurance, Lawn/Shrub Care, Repairs, Snow Removal
  • Concessions: Yes
  • Concessions Amount: $110,000
  • Concession Remarks: Results from inspections
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 3
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 3
  • Units Furnished: None
  • Units Leased Count: 3
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Beds Total: 2
  • Full Baths Count: 1
  • Unit Type Features: Common and private entrance, central air, patio
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Beds Total: 2
  • Full Baths Count: 1
  • Unit Type Features: Updated Kitchen, window unit A/C, Balcony
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 3
  • Beds Total: 2
  • Full Baths Count: 1
  • Unit Type Features: Updated Kitchen, window unit A/C, Balcony
Financial Information
Expenses
  • Operating Expense: $3,302
  • Operating Expense Includes: Insurance, Snow Removal
Financial Information
  • Annual Rental Income: $39,900
  • Income Includes: Apartment Rentals
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 2,867.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 50.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Lot Features: Corner
  • Parcel ID: 611815
Parking
Parking
  • Type Of Parking: Driveway, Detached Garage, On Street
  • Num of Detached Garage Spaces: 1
  • Driveway - # of Spaces: 5
  • Total Garage Spaces: 1
  • Garage Features: Garage - Front Entry
Interior Features
Interior Features
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C, Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 119 North Essex 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 119 North Essex Avenue

Taxable ValueLand$70,950Additions$109,050Total$180,000
Tax Record2023$8,539 ($712 / month)
Home Facts
Baths3Total Finished SqFt2,867 SqFtAbove Grade Finished SqFt2,867 SqFtStories2Lot Size6,250 SqFtStyleTriplexYear Built1900ZoningR4CountyMONTGOMERYAPN12-00-01072-00-5

Schools near 119 North Essex Avenue

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
Belmont Hills El 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.

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Listing Courtesy of RE/MAX Preferred - Malvern

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.