1352 Ashbourne Road

Elkins Park, PA 19027

$479,000
Price
6
Beds
2
Baths
2,513 Sq. Ft.
$191 / Sq. Ft.
2,513
Sq. Ft.
$191
per Sq. Ft.

Description

Welcome to 1352 Ashbourne Rd, Elkins Park, PA 19027 – where investment dreams come true! This stunning single-detached passive income-producing duplex is a gem waiting for savvy investors like you to seize the opportunity. With a total of 2,513 sq ft, this property boasts two fantastic units primed for profit. Unit A on the first floor features 2 bedrooms, 1.5 baths, and a massive kitchen with sleek stainless steel appliances. Plus, with central air and parking, it’s the epitome of comfort and convenience....Welcome to 1352 Ashbourne Rd, Elkins Park, PA 19027 – where investment dreams come true! This stunning single-detached passive income-producing duplex is a gem waiting for savvy investors like you to seize the opportunity. With a total of 2,513 sq ft, this property boasts two fantastic units primed for profit. Unit A on the first floor features 2 bedrooms, 1.5 baths, and a massive kitchen with sleek stainless steel appliances. Plus, with central air and parking, it’s the epitome of comfort and convenience. And let’s talk location—just a quick 7-minute stroll to Elkins Park station and a 3-minute walk to Myers Elementary School, making city access and dropping the kids off at school a breeze! The vibrant Cheltenham Co-op Market and Jenkintown Markets are also only minutes away. Unit B, the top-floor haven, offers 4 bedrooms, 1 bath, and a vast kitchen with stainless steel appliances. In-unit laundry and parking add to the allure. But wait, there’s more! Nestled on a sprawling 0.51-acre lot, the backyard is a canvas for creativity. Subdivide for neighborly extensions (subject to Cheltenham Township approval), set up storage units, or unleash your entrepreneurial spirit with a machine shop – endless possibilities! Want to take things a step further? Ask me about a potential development opportunity. Whether you’re a rent-hacking aficionado or a seasoned investor aiming to rake in about an extra $49k annually, this property delivers. With a cap rate of 6.3%, it’s a golden ticket to financial success and opportunity. Don’t miss out. Call us to schedule your showing today.
  1. Listed by Jose Cruz • EXP Realty, LLC
    P: 2673455203 jjuancruz01@gmail.com
  2. Listed by Jeff Chirico • EXP Realty, LLC
    P: 2678885558 jeff@jeffchirico.com

Property Details for 1352 Ashbourne Road

Tax ID Number
31-00-01162-004
Ownership
Fee Simple
Structure Type
Detached
Style
Colonial
Waterfront
No
Garage
No
Subdivision
ELKINS PARK
Subdivision
ELKINS PARK (MONTGOMERY PA)

Location

Listing Courtesy of EXP Realty, LLC
Add your commute
LISTING UPDATED: 04/29/2024 02:27 PM

Property Details for 1352 Ashbourne Road

StatusActive
MLS #PAMC2102460
Days on Market14
Taxes$9,604 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1875
Lot Size0.51 AC / 22,300 SF
CountyMontgomery County

Location

Listing Courtesy of EXP Realty, LLC
Add your commute

Building Information for 1352 Ashbourne Road

Stories-Residences2Year Built1875Building Size-Lot Size0.51 AC / 22,300 SF

Payment Calculator

$3,414 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,614

Property Taxes

$800

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1352 Ashbourne Road

Location
Location
  • School District Name: CHELTENHAM
  • School District County ID: 300200396295
  • SchoolDistrictSource: Listing Agent
  • Elementary School: MYERS (MONTGOMERY PA)
  • ElementarySchoolSource: Listing Agent
  • Middle Or Junior School: CEDARBROOK (MONTGOMERY PA)
  • MiddleSchoolSource: Listing Agent
  • High School: CHELTENHAM (MONTGOMERY PA)
  • HighSchoolSource: 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
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $145,000
  • Year Assessed: 2023
  • County Tax: $614
  • Improvement Assessed Value: $0
  • City Town Tax: $1,387
  • Land Assessed Value: $0
  • Clean Green Assessed: No
  • Land Use Code: 1132
  • Zoning: RESIDENTIAL
  • Tax Lot: 7
  • School Tax: $7,545
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Water, Sewer
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 1
  • Other Units: Unit 1,Unit 2
  • Units Leased Count: 2
  • Vacancy Allowance Rate: 3.50%
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Yearly
  • Beds Total: 2
  • Half Baths Count: 1
  • Full Baths Count: 1
  • Unit Type Features: Parking, washer & dryer
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Lease Type: Yearly
  • Beds Total: 4
  • Full Baths Count: 1
  • Unit Type Features: Parking, washer & dryer
Financial Information
Expenses
  • Operating Expense: $12,000
Financial Information
  • Gross Income: $30,108
  • Net Operating Income: $43,200
  • Annual Rental Income: $43,200
  • Income Includes: Apartment Rentals, Laundry, Parking
  • Cap Rate: 6.30
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 2,513.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 50.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 664422
Parking
Parking
  • Type Of Parking: Off Street, Other
  • Off Street - # of Spaces: 3
  • Parking Features: Private
Interior Features
Interior Features
  • Interior Features: Carpet, Kitchen - Eat-In
  • Fireplace: No
  • Appliances: Dishwasher, Dryer, Disposal, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Spa: No
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Cable TV
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • 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 1352 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 1352 Ashbourne Road

Taxable ValueLand$75,000Additions$70,000Total$145,000
Tax Record2023$9,685 ($807 / month)
Home Facts
Baths2Total Finished SqFt2,513 SqFtAbove Grade Finished SqFt2,513 SqFtStories2Lot Size22,300 SqFtStyleDuplexYear Built1875ZoningC3CountyMONTGOMERYAPN31-00-01162-00-4

Schools near 1352 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.

Similar Homes

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1352 Ashbourne Road is a multi-family home for sale in Elkins Park, PA 19027. This property was listed for sale on April 26, 2024 by EXP Realty, LLC, it's currently listed at $479,000. It has been on the market for a total of 14 days and was last sold on May 19, 2015. This listing's school district is Cheltenham Township School District. Nearby schools include Myers El School, Elkins Park School and Cedarbrook Middle School. 1352 Ashbourne Road is a 6-bed, 2-bath, 2,513 sqft multi-family home built in 1875.

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.

Listing Courtesy of EXP Realty, LLC

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.