1331 Ashbourne Road

Elkins Park, PA 19027

$260,000
Price
Beds
2,500 Sq. Ft.
$104 / Sq. Ft.
2,500
Sq. Ft.
$104
per Sq. Ft.

Description

Elkins Park large multi family building consisting of three rental units. The building contains 3 separate rental units, however only 2 are legally zoned for rental purposes. The building needs updating and is being sold in "as is" condition. Electric for each apartment is separate. Owner pays domestic hot water and heating fuel (oil). Owner also pays cold water. Off street parking is available for one of the units. Large double lot with plenty of yard space and privacy. Building could be converted...Elkins Park large multi family building consisting of three rental units. The building contains 3 separate rental units, however only 2 are legally zoned for rental purposes. The building needs updating and is being sold in "as is" condition. Electric for each apartment is separate. Owner pays domestic hot water and heating fuel (oil). Owner also pays cold water. Off street parking is available for one of the units. Large double lot with plenty of yard space and privacy. Building could be converted back to single family as well. Yearly expenses as follows: $17,712
Water and sewer $2800, Oil/heat $3078, PECO common areas $1764, Building Insurance $1344, Real estate taxes $8726. Yearly rental Income: $31,860
Yearly expenses : $17,712
net operating income-$14,148.00
Apt B - lower level apartment $735 (not legally zoned)
Floor 1 - 1st floor rear $895
Floor 2 - 2nd floor $1,025

call for appointments-24 hour notice.
  1. Listed by John P O'Connell • Elfant Wissahickon-Chestnut Hill
    P: (267)-312-1925 john@elfantwissahickon.com

Property Details for 1331 Ashbourne Road

Tax ID Number
31-00-00742-001
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Traditional
Waterfront
No
Garage
No
Municipality
CHELTENHAM TWP
Total Parking Spaces
4
LISTING UPDATED: 10/29/2024 11:03 AM

Property Details for 1331 Ashbourne Road

StatusActive
MLS #PAMC2079664
Days on Market458
Taxes$8,935 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.24 AC / 10,600 SF
CountyMontgomery County

Building Information for 1331 Ashbourne Road

Stories-Residences3Year Built1900Building Size-Lot Size0.24 AC / 10,600 SF

Property Information for 1331 Ashbourne Road

Location
Location
  • School District Name: CHELTENHAM
  • School District County ID: 300200396295
  • SchoolDistrictSource: Listing Agent
  • County: MONTGOMERY
  • MLS Area: Cheltenham Twp (10631)
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: 2024
  • Tax Assessed Value: $132,140
  • Year Assessed: 2024
  • County Tax: $632
  • City Town Tax: $1,277
  • Clean Green Assessed: No
  • Land Use Code: 1132
  • Zoning: MULTI
  • Zoning Dscrp: multi family
  • Tax Lot: 5
  • School Tax: $7,025
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: Yes
Lease Information
Lease Information
  • Owner Pays: Heat, Heater Maintenance Contract, Insurance, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Units Leased Count: 3
Financial Information
Expenses
  • Operating Expense: $19,271
  • Operating Expense Includes: Insurance, Trash, Snow Removal
Financial Information
  • Gross Income: $37,740
  • Gross Scheduled Income: $37,740
  • Net Operating Income: $18,469
  • Annual Rental Income: $37,740
  • Income Includes: Apartment Rentals
  • Cap Rate: 5.50
  • Existing Lease Type: Month to Month
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 2,500.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 50.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 664288
Parking
Parking
  • Type Of Parking: Driveway, Off Street
  • Driveway - # of Spaces: 2
  • Off Street - # of Spaces: 2
Interior Features
Interior Features
  • 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: Hot Water
  • Heating Fuel: Oil
  • 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 1331 Ashbourne 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 1331 Ashbourne Road

Taxable ValueLand$60,900Additions$71,240Total$132,140
Tax Record2023$8,827 ($736 / month)
Home Facts
Baths2Total Finished SqFt1,961 SqFtAbove Grade Finished SqFt1,961 SqFtStories2Lot Size10,600 SqFtStyleDuplexYear Built1900ZoningR5CountyMONTGOMERYAPN31-00-00742-00-1

Schools near 1331 Ashbourne Road

This home is within Cheltenham Township School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Myers El School
PublicK to 4

Elkins Park School
Public5 to 6

Cedarbrook Middle School
Public7 to 8

Cheltenham 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

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1331 Ashbourne Road is a multi-family home for sale in Elkins Park, PA 19027. This property was listed for sale on August 1, 2023 by Elfant Wissahickon-Chestnut Hill, it's currently listed at $260,000. It has been on the market for a total of 458 days and was last sold on November 22, 2006. This listing's school district is Cheltenham Township School District. Nearby schools include Myers El School, Elkins Park School and Cedarbrook Middle School. 1331 Ashbourne Road is a 0-bed, 0-bath, 2,500 sqft multi-family home built in 1900.

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 Elfant Wissahickon-Chestnut Hill

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.