2938 Ridge Pike,EAGLEVILLE, PA 19403
EAGLEVILLE, PA 19403
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.
Details
| MLS # | PAMC2186252 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1972 |
| Days On Site | 80 |
| Listing Provided By | Springer Realty Group | Kelly L Stipa |
Features
| SQ Feet | 5,276 |
|---|---|
| Units | 4 |
| Zoning | RPBD |
| Acreage | 0.32 |
Interior
| Cooling | Wall Unit |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric |
| Interior Features | Ceiling Fan(s), Carpet, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Recessed Lighting, Store/Office |
| Appliances | Oven/Range - Electric, Range Hood, Refrigerator, Dishwasher |
Exterior
| Exterior Features | Exterior Lighting, Sidewalks, Street Lights |
|---|---|
| Construction Materials | Vinyl Siding, Stucco |
| Foundation Details | Concrete Perimeter |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Cable TV Available, Electric Available, Sewer Available, Water Available |
|---|
Taxes
| Tax Annual Amount | 11575 |
|---|
Area Information
| State | PA |
|---|---|
| County | MONTGOMERY PA |
| City | EAGLEVILLE |
| Zip Code | 19403 |
| Area | Lower Providence Twp (10643) |
| School District | METHACTON |
| Listing VS Median (in 19403) | |
Price: $749,900 low | high Med: $425,000 sqft: 5,276 low | high Med: 1,949 $ / sqft: $142 low | high Med: $218 On site: 80 low | high Med: 37 | |
Market Activity 19403
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Learn More About This Property
| State | PA |
|---|---|
| County | MONTGOMERY PA |
| City | EAGLEVILLE |
| Zip Code | 19403 |
| Area | Lower Providence Twp (10643) |
| School District | METHACTON |
| Listing VS Median (in 19403) | |
Price: $749,900 low | high Med: $425,000 sqft: 5,276 low | high Med: 1,949 $ / sqft: $142 low | high Med: $218 On site: 80 low | high Med: 37 | |