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Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $260
MLS Listing ID PAMC2024920
Sold Date 04/29/22
Style Colonial
Abv Grd Liv Area 2,500
Originating Board BRIGHT
Year Built 1909
Annual Tax Amount $7,324
Tax Year 2022
Lot Size 1.377 Acres
Acres 1.38
Lot Dimensions 100.00 x 0.00
Property Description
Welcome to 621 W. Ridge Pike located on a 1.35+ acres within Spring-ford school district in Limerick Township. This property has many opportunities for investors and business owners. Zoned mixed use, you have two building structures with a multitude of opportunities. The front single home has two units, one is a two bedroom, one full bathroom rental with its own laundry in the unit. Also equipped with a dining area directly outside of the kitchen. The second unit is three bedrooms, one full bathroom and runs three floors with plenty of space to spread out. This unit also has their own washer/dryer. The detached garage has a two bedroom unit that has been fully renovated, equipped with its own mudroom with washer/dryer. Beneath there are three garage bays, two which are heated, and additional storage units. All units are currently rented with leases in place and with over an acre of land there is plenty of room to expand. This property is perfect if you want to make income while also operating your business on site, or simply just as an investment property. This is a must see with the possibility of a cap rate of over 9%! Get prequalified with your realtor or us today and we can provide you cap rates, cash flow, and more!
Location
State PA
County Montgomery
Area Limerick Twp (10637)
Zoning MS
Rooms
Basement Full
Interior
Hot Water Electric
Heating Forced Air, Steam, Radiator
Cooling Central A/C, Window Unit(s)
Flooring Wood, Tile/Brick, Hardwood, Carpet
Equipment Dishwasher, Dryer, Built-In Range, Built-In Microwave, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Stove, Washer, Washer/Dryer Stacked
Fireplace N
Appliance Dishwasher, Dryer, Built-In Range, Built-In Microwave, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Stove, Washer, Washer/Dryer Stacked
Heat Source Oil, Electric, Natural Gas Available, Central
Exterior
Exterior Feature Porch(es)
Utilities Available Electric Available, Cable TV Available, Natural Gas Available
Water Access N
Roof Type Pitched,Shingle
Accessibility 2+ Access Exits
Porch Porch(es)
Garage N
Building
Lot Description Front Yard, Rear Yard, SideYard(s)
Foundation Stone, Slab, Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Spring-Ford Area
Others
Tax ID 37-00-04072-004
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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Bought with John Port • Long & Foster Real Estate, Inc.
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