Property
Beds
4
Full Baths
None
1/2 Baths
None
Year Built
1971
Sq.Footage
2,048
Welcome to 420 Fort Washington Avenue, a well maintained side by side duplex offering a great opportunity for both investors and owner occupants. Each unit has its own private entrance and functional layout, with bright living spaces, updated windows, spacious kitchens, in unit laundry, and finished basement space that adds a lot of flexibility. Unit A is currently occupied through the end of July and generating $2,500 per month, while Unit B is currently vacant, giving the next owner the option to place a new tenant or potentially occupy one side while collecting rent from the other. A lot of the major improvements have already been handled. The roof is approximately 3 years old, both HVAC systems were replaced about 3 years ago, and the windows were replaced approximately 5 years ago. The washer and dryer are also only about 2 to 3 years old, helping reduce some of the larger near term capital expenses. Both basements are finished and have previously been used as additional third bedroom or flex space, giving each unit extra room for an office, guest space, recreation area, or storage. Buyers should independently verify permitted use. The property also features a classic brick exterior, separate front entrances, a driveway with off street parking, and plenty of natural light throughout. With one unit already producing income, one unit currently available, recent major updates, and an estimated 7.5% ROI, 420 Fort Washington Avenue offers a compelling opportunity to add a solid multifamily property to your portfolio.
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
N/A
-
Above Grade Finished Area
2048.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Stucco
-
Parking
Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.23
-
Lot Size(square feet)
9,960
-
Property Type
Residential Income
-
Property Sub Type
Duplex
-
Architectural Style
Colonial
Price
-
Sales Price
$649,900
-
Tax Amount
$9,987
-
Sq. Footage
2,048
-
Price/SqFt
$317
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Other
-
Sewer
Public Sewer
-
Tax Lot
095
-
Water Source
Public
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Location
County
MONTGOMERY
Elementary School
Middle School
High School
Listing Courtesy of John Lee, Real of Pennsylvania
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Owner, Chief Executive Officer, Portfolio Advisor
Nick Polinchock
Call Nick today to schedule a private showing.
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