276 N KESWICK AVE N new to site Save Request In-Person Tour Request Virtual Tour
Glenside,PA 19038
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Keswick
MLS Listing ID PAMC2129374
Originating Board BRIGHT
Year Built 1935
Annual Tax Amount $6,806
Tax Year 2025
Lot Size 2,537 Sqft
Acres 0.06
Lot Dimensions 20.00 x 0.00
Property Sub-Type Five Or More Units
Property Description
Excellent investment opportunity to own this turn-key, fully occupied, 5-unit building in desirable Keswick Village. This property consists of a commercial office and meeting room on the first floor, with (4) one bedroom apartments above, all with a great rental history and upward potential. There is also a rented 2 car garage in the rear of the property. The office space on the main level is in excellent condition with a long-term lease featuring annual rental increases, showing their commitment to the location. The space is well appointed with a large meeting area, private office, full kitchen, bath and rear fenced patio area. The office has separate gas heat, electric and has central air. Each apartment has received various updates under current ownership; such as kitchens, appliances, baths, flooring, and paint. The property is conveniently located in the heart of Glenside, Abington Township and in close proximity to neighboring shops, pubs, restaurants, a local market, the Keswick Theater and public transportation. The local bus route and the Glenside Train Station are just a short distance away. Apartment demand is extremely high in this desirable location and vacancies are always filled quickly. The apartments have hot water radiator and/or baseboard heat supplied by separate gas boilers in the basement. The heat is paid for by the tenants. Current ownership has maintained the roof and numerous other mechanical items such as water heaters and the boiler, greatly reducing future capital expense needs. Tenants are responsible for their individually metered electric and gas. There is a separate gas heater for each unit. The building has (2) large water heaters in the basement and is equipped with a hard-wired and monitored fire alarm system. The parking for this property is on street parking. While the building is currently fully occupied and profitable, a new owner could increase income by approximately $200 per month per residential unit (totaling $9,600 per year) by implementing various value-add strategies such as adding laundry and/or upgrading interior finishes to the next level. This is a perfect property for the first-time investor or a seasoned investor to add to their portfolio. Some photos are prior to tenant occupancy.
Location
State PA
County Montgomery
Area Abington Twp (10630)
Zoning MSVC MAIN STREET VILLAGE
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Other
Flooring Ceramic Tile,Laminated,Vinyl,Other
Inclusions Refrigerators in the apartments.
Heat Source Natural Gas
Exterior
Utilities Available Electric Available,Natural Gas Available,Cable TV
Water Access N
Roof Type Flat,Shingle
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Middle Schools Abington Junior High School
High Schools Abington
School District Abington
Others
Tax ID 30-00-35792-007
Ownership Fee Simple
SqFt Source Assessor
Security Features Fire Detection System
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard