Great investment opportunity in Ardmore with 9.8 % cap rate. This 4 unit mixed-use building features the following units: Apt A - 2 bedroom. Apt B (commercial unit)-1st floor rear, basement and parking lot, Apt C- 1 Bedroom studio, Apt D-1 Bedroom Opportunity for new owner to enjoy solid cash flow and make upgrades as desired to increase rents. Attractive location for tenants! This property has a WalkScore of 88 and is within walking distance to Suburban Square, downtown Ardmore, and the Ardmore Library . Close to public transport - Train station and Septa bus stops are all within walking distance.
Sold for $575,000 on 06/28/23
$575,000
21 E Spring Ave, Ardmore, PA 19003
4beds
3baths
--sqft
Quadruplex
Built in 1940
-- sqft lot
$696,300 Zestimate®
$--/sqft
$2,750 Estimated rent
Home value
$696,300
$599,000 - $829,000
$2,750/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 28, 2023 at 07:16am
Listed by:
Jon Iannacone 610-790-3399,
Swayne Real Estate Group, LLC,
Co-Listing Agent: Ashley B Swayne 484-716-9951,
Swayne Real Estate Group, LLC
Bought with:
Lisie Abrams, RS316531
Compass RE
Source: Bright MLS,MLS#: PAMC2067618
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Basement
- Area: 0
Heating
- Forced Air, Heat Pump, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet, Luxury Vinyl
- Basement: Interior Entry
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Parking features: Paved, Off Street, On Street, Parking Lot
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 4,800 sqft
- Dimensions: 20.00 x 0.00
- Features: Corner Lot/Unit
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 400055824008
- Zoning: MIXED RES/COMM
- Zoning description: 4100 Mix: Retail, Ofc, Apts - Multi-Use, Dwelling Conv (Office), Built as Res
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other,Traditional
- Property subtype: Quadruplex
Materials
- Other
- Foundation: Stone
- Roof: Rubber,Shingle
Condition
- Good
- New construction: No
- Year built: 1940
Utilities & green energy
- Electric: 200+ Amp Service, 100 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Fire Escape
Location
- Region: Ardmore
- Municipality: LOWER MERION TWP
HOA & financial
Other financial information
- Total actual rent: 69000
Other
Other facts
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional,Bank Portfolio
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 6/28/2023 | Sold | $575,000 |
Source:  Bright MLS #PAMC2067618 | ||
| 5/19/2023 | Pending sale | $575,000 |
Source: Bright MLS #PAMC2067618 | ||
| 5/13/2023 | Listed for sale | $575,000+1177.8% |
Source: Bright MLS #PAMC2067618 | ||
| 8/6/1999 | Sold | $45,000 |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,789 | $91,940 |
| 2023 | $3,789 +4.9% | $91,940 |
| 2022 | $3,611 +2.3% | $91,940 |
Find assessor info on the county website
Neighborhood: 19003
Nearby schools
GreatSchools rating
- 8/10Penn Valley SchoolGrades: K-4Distance: 2.1 mi
- 7/10Welsh Valley Middle SchoolGrades: 5-8Distance: 2.8 mi
- 10/10Lower Merion High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Penn Valley
- Middle: Welsh Valley
- High: Lower Merion
- District: Lower Merion
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$696,300
2% more+ $13,926
With Zillow Showcase(estimated)
$710,226