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406 W Chelten Ave
For Sale $895,000
$895,000
- 6 Units
- Unknown Sq Ft
- 4,488 Sq Ft
- Unknown Cap Rate
Description
Price adjustment! Well-maintained, mixed-use Income producing property in historic Germantown. with fully rented apartments and store front zoned CMX2. This stunning Victorian style mansion features high ceilings, hardwood floors and five additional rental units. On the first floor there is a spacious two-bedroom apartment with ornamental fireplace and washer and dryer. Two one-bedroom units on Secord floor and two one-bedroom units on third floor. The building is up to date on all safety and fire codes and surveillance system. Utilities are separate. There is a one car garage that is also rented for a $100.00 monthly. Ideal location that is highly visible, accessible, and expandable. This stone front twin Victorian features a warm and inviting beauty salon that has been successfully owned and operated for many years. Ideally, this space can be leased at market rate and is currently leased backed to Owner. The rear of building offers space for unlimited potentials like office or other services. This property also features a beautiful backyard great for outdoor entertainment and event space. Property is Less than one mile from regional train lines, public transportation, scenic Lincoln drive with accessible roadways to I-76 and downtown Philadelphia. Close to restaurants and shops in West Mt. Airy and Chestnut Hill and walking trails in nearby Fairmount Park. Great investment property and/or owner-occupant /business. Options will be considered by Seller . Don't miss this opportunity.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $895,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1925 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 124095900 |
| MLS # | PAPH2295192 |
| Property ID | 319456415 |
| Lot Sqft | 4,488 |
| Zoning | COM |
| Total Units | 6 |
| Days on Market | 424 |
| Original List Price | Unknown |
| Date Updated | December 31, 2024 |
| Date Created | November 07, 2023 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $89,102 | $0 |
| Operating Expenses | $ 16,093 |
| Net Income (Yr) | $ 55,215 |
Listing Provided By
Arlene Wayns an agent of . Lic #SB065129
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Data last updated: January 04, 2025.
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REAL ESTATE AGENT