270 N Keswick Ave - Storefront Retail/Residential FOR SALE


Glenside, PA 19038
$975,000 USD
215-885-7600
270 N Keswick Ave, Glenside, PA for Sale
$975,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 5.64% Cap Rate

270 N Keswick Ave
Glenside, PA 19038


OVERVIEW

Excellent investment opportunity to own this turn-key, fully occupied, 5-unit building in desirable Keswick Village. This property consists of a commercial beauty salon tenant (with lease up to 9/30/28) and (4) one bedroom apartments, all with a great rental history and upward potential. The salon tenant on the main level has invested into their fit-out and is in the middle of a multi-year lease, showing their commitment to the location. The salon is well appointed and has central air and gas heat. 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 radiator heat by a gas boiler in the basement, controlled and paid for by owner. Current ownership has replaced 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. The building has (2) large water heaters in the basement and is equipped with a hard-wired and monitored fire alarm system. There is some parking in the rear of the property and also on street parking. While the building is currently fully occupied and profitable, a new owner could increase income by approximately $100-$200 per month per residential unit ($5,000-$10,000 per year) by implementing various value-add strategies such as adding laundry, charging for reserved parking, 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. We need at least 24 hours notice to show the building. The preference is to show the building on Mondays since the Beauty Salon is closed.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

5.64%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1932

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

N/Av

APN/PARCEL ID

30-00-35780-001

ASK ABOUT THIS PROPERTY

Liz AlexanderQuinn & Wilson Inc.More Info
215-885-7600

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Liz AlexanderQuinn & Wilson Inc.More Info
215-885-7600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.