SQUARE FEET5,276
MLS#PAMC2186252
STATUSPENDING
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMETHACTON
Property Description
Sellers are requesting the Highest & Best for our listing at 2938 RIDGE PIKE, EAGLEVILLE by Noon, Monday, July 20th. Exceptional investment opportunity in the heart of Eagleville! This mixed-use property consists of two buildings situated on two separate tax parcels and offers a total of six income-producing units, including one commercial space and five residential apartments. The residential unit mix includes one three-bedroom apartment, one one-bedroom apartment, two two-bedroom apartments, and two efficiency/studio apartments, providing a diverse rental portfolio. The commercial space offers excellent visibility along Ridge Pike, making it ideal for a variety of business uses. The property is available for showings on the following days & times: Wednesdays between 1:00 & 3:00 PM, Thursdays between 5:00 & 7:00 PM, Saturdays between 1:00 & 3:00 PM Current monthly rental income totals $7,100 ($85,200 annually). Several tenants have occupied the property for many years, resulting in rents that vary by unit and tenancy, presenting an opportunity for future income growth as units turn over. The Commercial space is vacant at the moment, normally rents for $1,500 monthly bringing your grand total up to $8,600 monthly when full. The property features a roof that is approximately eight years old and has been well maintained. Tenants pay their own electric, gas, and heat. The owner pays water, sewer, trash, and real estate taxes. Being sold in as-is condition. This is an outstanding opportunity for investors seeking a fully occupied mixed-use property with immediate cash flow and long-term upside in a highly desirable Montgomery County location.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall Unit
Fuel Type: Electric
Heating: Baseboard - Electric
Home Style: Dwelling with Rental
Lot Size: 0.32 Acres
Taxes: $11,575
Year Built: 1972
Feature Descriptions
Additional Structures: Above Grade
Appliances: Oven/Range - Electric, Range Hood, Refrigerator, Dishwasher
Exterior: Exterior Lighting, Sidewalks, Street Lights
Exterior: Vinyl Siding, Stucco
Interior: Ceiling Fan(s), Carpet, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Recessed Lighting, Store/Office
Lot Dimensions: 0.32 Acre(S)
Municipality: LOWER PROVIDENCE TWP
One Bedroom Units: 1
Sewer: Public Sewer
Structure Type: Detached
Studio Efficiency Units: 2
Total Garage/Parking Spaces: 16
Two Bedroom Units: 2
Units: 4
Utilities: Cable TV Available, Electric Available, Sewer Available, Water Available
Water: Public
Local Schools
School District: METHACTON
Listed By / Shown By
Listed By
Agency Name: Springer Realty Group
Agency Phone: 4844984000
Shown By
Agent Name: Karen Risser
Agent Phone: (717) 673-9319
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 2,852.26 per month $1,668.95 Principal & Interest $964.58 Property Tax $218.72 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
2938 Ridge Pike | MLS# PAMC2186252
This multi-family property located at 2938 Ridge Pike, Eagleville, PA 19403 is currently listed for sale with an asking price of $749,900. Ridge Pike is located within the METHACTON school district. Search Eagleville real estate on www.karenrisserrealtor.com today.