7801 Montgomery Avenue

Elkins Park, PA 19027

$650,000
Price
Beds
5,664 Sq. Ft.
$115 / Sq. Ft.
5,664
Sq. Ft.
$115
per Sq. Ft.

Description

Mixed-use space at a 6.1% cap rate with an expansive commercial unit on the 1st floor and two fully-occupied apartments on the 2nd floor. The commercial space was once home to a renowned hair salon but is now ready for its new owners and endless possibilities. With the building located steps away from the Elkins Park train station and the abundance of street parking, your business will allow customers and employees to come and go with ease. The first floor is currently one large open floor plan with...Mixed-use space at a 6.1% cap rate with an expansive commercial unit on the 1st floor and two fully-occupied apartments on the 2nd floor. The commercial space was once home to a renowned hair salon but is now ready for its new owners and endless possibilities. With the building located steps away from the Elkins Park train station and the abundance of street parking, your business will allow customers and employees to come and go with ease. The first floor is currently one large open floor plan with a single wall to create a separation, 4 smaller rooms, a utility area, laundry room, and 2.5 bathrooms. Floor plans are available. You can also access the basement from 2 different points. And with its 9’8ft ceilings and three magnificent floor to ceiling windows, this is anything but an average commercial space. The zoning on this property allows for it to be used as a Bank or Financial Institution, Bed and Breakfast, Personal Care Business, Professional Service Business, Restaurant, Retail Shop, Studios for Dance, Art, Music, Photography, Yoga, or similar, Medical Office. For convenience there is a separate entrance to the apartments on the 2nd floor. Upstairs is a 1 bedroom 1 bathroom apartment ($950/mo) and a 3 bedroom 1 bathroom apartment ($2,000/mo). Tenants pay for gas/electric. Owner pays water. And both tenants are currently on a month to month lease but would like to stay and are happy to sign a one-year lease with the new owners. Both apartments are equipped with new forced air heating (gas) and cooling (2023). The 3 Bedroom unit was renovated in 2023 with new flooring, new kitchen, and a new back deck. All new HVAC ductwork in the commercial space (2024). Roof was re-done in 2022. There are 4 parking spots in the rear of the building. The commercial unit has 2 parking spots and each apartment comes with 1 parking spot.

Property Details for 7801 Montgomery Avenue

Tax ID Number
31-00-19207-004
Ownership
Fee Simple
Structure Type
Detached
Style
Other
Waterfront
No
Garage
No
Municipality
CHELTENHAM TWP
Total Parking Spaces
4

Location

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LISTING UPDATED: 04/12/2024 06:05 PM

Property Details for 7801 Montgomery Avenue

StatusActive
MLS #PAMC2100180
Days on Market27
Taxes$11,913 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1870
Lot Size0.22 AC / 9,756 SF
CountyMontgomery County

Location

Add your commute

Building Information for 7801 Montgomery Avenue

Stories-Residences2Year Built1870Building Size-Lot Size0.22 AC / 9,756 SF

Payment Calculator

$4,540 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,547

Property Taxes

$993

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7801 Montgomery Avenue

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: 2022
  • Tax Assessed Value: $179,870
  • Year Assessed: 2023
  • County Tax: $762
  • Improvement Assessed Value: $0
  • City Town Tax: $1,721
  • Land Assessed Value: $0
  • Clean Green Assessed: No
  • Land Use Code: 1160
  • Zoning: COMMERCIAL MIXED USE
  • Tax Lot: 59
  • School Tax: $9,360
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Water
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 1
  • Units Leased Count: 2
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 5,664.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 53.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 670944
Parking
Parking
  • Type Of Parking: Parking Lot
  • Parking Lot - # of Spaces: 4
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: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 7801 Montgomery 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 7801 Montgomery Avenue

Taxable ValueLand$62,310Additions$117,560Total$179,870
Tax Record2023$12,012 ($1,001 / month)
Home Facts
Total Finished SqFt7,654 SqFtAbove Grade Finished SqFt7,654 SqFtStories2Lot Size9,756 SqFtStyleOffice BuildingYear Built1870ZoningR5CountyMONTGOMERYAPN31-00-19207-00-4

Schools near 7801 Montgomery Avenue

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.

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7801 Montgomery Avenue is a multi-family home for sale in Elkins Park, PA 19027. This property was listed for sale on April 5, 2024, it's currently listed at $650,000. It has been on the market for a total of 27 days and was last sold on March 14, 2022. This listing's school district is Cheltenham Township School District. Nearby schools include Myers El School, Elkins Park School and Cedarbrook Middle School. 7801 Montgomery Avenue is a 0-bed, 0-bath, 5,664 sqft multi-family home built in 1870.

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.