Bala Cynwyd, PA 19004,199 W CITY AVE
Bala Cynwyd, PA 19004,199 W CITY AVE
Bala Cynwyd, PA 19004,199 W CITY AVE
50
$3,000,000
$2,999,000
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

15,209 SqFt

199 W CITY AVE Bala Cynwyd, PA 19004

Est. payment /mo
SOLD DATE : 10/15/2020

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $3,000,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 15,209 sqft

Price per Sqft $197

MLS Listing ID PAMC636732

Sold Date 10/15/20

Style Other

HOA Y/N N

Abv Grd Liv Area 15,209

Originating Board BRIGHT

Year Built 1930

Annual Tax Amount $25,514

Tax Year 2020

Lot Size 5,972 Sqft

Acres 0.14

Lot Dimensions 89.00 x 0.00

Property Description

199 W Avenue is a 21 unit mixed use investment opportunity generating significant cash flow in Bala Cynwyd, Pennsylvania.Surrounded by numerous higher education institutions, located within Lower Merion Township, and with access to great public transportation, this will be a fantastic investment opportunity for years to come.The property is complete with an ideal unit mix. There are 18 studio apartments and 3 commercial spaces. The price, size, and condition of the property attracts very good tenants for the residential units. The location of the property has significant walking and vehicular traffic, sits on major bus lines, is across the street from St. Joseph s University, and has 44,000 AADT. Very appealing for the three commercial spaces.Pride of ownership is apparent at this property, the last property to be sold from a large multi-family portfolio. The owner has managed the property meticulously and it has been modernized and updated thoroughly. With a basically brand new central heating system, updated systems, and an array of other upgrades, the capital improvements have been exhausted here. The exterior of property has roof with a 10 year warranty and the stone/stucco facade has been freshly redone.City Avenue and the markets surrounding it are flourishing. Both the Lower Merion and Philadelphia sides of City Avenue feature great new and established developments, family friendly neighborhoods, and very good colleges and universities. The Bala Village section of City Avenue, where 199 W City Avenue sits, is the gateway to Lower Merion Township and a center for transit and community focused neighborhoods. This unique geography creates stability and regular appreciation for years to come. The market factors impacting this area and the unique design of this property make this a killer investment opportunity. Please request offering memorandum for further property details. Listing Agent is related to Seller.

Location

State PA

County Montgomery

Area Lower Merion Twp (10640)

Zoning CAD-BV

Interior

Hot Water Other

Heating None

Cooling None

Heat Source Other

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Lower Merion

Others

Tax ID 40-00-11084-009

Ownership Fee Simple

SqFt Source Assessor

Security Features Carbon Monoxide Detector(s),Main Entrance Lock,Monitored,Smoke Detector,Surveillance Sys

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Read Less


Bright MLS (BMLS)
Listed by Eric D Feinberg • Keller Williams Realty Group
Bought with Lily L Wu • Compass RE

GET MORE INFORMATION

Donnell Taylor

Agent

+1(202) 320-5119

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.