100 Grandview Road

Ardmore PA 19003

2855 sq. ft.

8065 sq. ft.

Duplex

Last sold for $800,000

Susan Gradwohl, last sold this property on 09 March 2022 after 49 days on market.

Overview

Incredible opportunity to own a multi-unit property that is fully rented in Lower Merion. Properties like this rarely come on the market. All three units have updated kitchens and have been fully rented consistently since the property was purchased. Garage is also rented for additional income. (Garage being sold in "as is" condition.) First floor unit is a three bedroom, two bath unit that has two extra space for an office or play room. This unit is currently rented but could be an owners unit with income on the top two floors. The first floor has its own entrance while the two additional units share a common door on the side. First floor also has direct access to the basement for storage and laundry as well as access to the driveway for off street parking. Second and third floor apartments are both two bedroom, one bath apartments. There is a shared washer and dryer in the basement that is accessible from rear basement door. Landlord pays for water, snow removal and lawn care and tenants pay for electric and heat. This property is on a great residential street with mostly single family homes. It is close to parks, shopping and transportation. Tenants benefit from the Lower Merion schools too. Unit 1 - monthly rent - $2,100. Lease ends 8/31/2022 Unit 2 - monthly rent - $1,800. Lease ends 7/31/2022 Unit 3 - monthly rent - $1,300. Lease ends 5/31/2022 (all three units have tenants for more than one year) Garage - monthly rent - $175. Month to month lease with same tenant for over 7 years. Because the property is fully rented, there will be three open houses to facilitate viewing the entire property. Any other showings will require at least 24 hour notice,

Features

3 bedrooms

2855 sq. ft. floor area

8065 sq. ft. lot size

Duplex

Estimated Value

We need at least 3 similar 3 bedroom duplexes sold in Ardmore over the last 12 months.

Property history for 100 Grandview Road

2022

Sold

$800,000

09 Mar 2022 by Susan Gradwohl, of Compass RE

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