39.99735 -75.23526

199 W CITY AVE Wynnewood, PA 19004

261012402 39.99735 -75.23526 230 /listing/261012402-150108186/199-w-city-ave-wynnewood-pa-19004 False 0 3499000.0 5972 101 PAMC633634 False
  • $3,499,000
  • 5,972 sqft
  • 0.14 lot
  • Est payment $18783.39/mo

Property Information

  1. 5,972 Sq. Ft.
  2. 0.14 Lot

Commercial in BALA CYNWYD

199 W Avenue is a 21 unit mixed use investment opportunity generating significant cash flow in Bala Cynwyd, Pennsylvania.Surrounded by numerous higher education institutions, located within Lower Merion Township, and with access to great public transportation, this will be a fantastic investment opportunity for years to come.The property is complete with an ideal unit mix. There are 18 studio apartments and 3 commercial spaces. The price, size, and condition of the property attracts very good tenants for the residential units. The location of the property has significant walking and vehicular traffic, sits on major bus lines, is across the street from St. Joseph~s University, and has 44,000 AADT. Very appealing for the three commercial spaces.Pride of ownership is apparent at this property, the last property to be sold from a large multi-family portfolio. The owner has managed the property meticulously and it has been modernized and updated thoroughly. With a basically brand new central heating system, updated systems, and an array of other upgrades, the capital improvements have been exhausted here. The exterior of property has roof with a 10 year warranty and the stone/stucco facade has been freshly redone.City Avenue and the markets surrounding it are flourishing. Both the Lower Merion and Philadelphia sides of City Avenue feature great new and established developments, family friendly neighborhoods, and very good colleges and universities. The Bala Village section of City Avenue, where 199 W City Avenue sits, is the gateway to Lower Merion Township and a center for transit and community focused neighborhoods. This unique geography creates stability and regular appreciation for years to come. The market factors impacting this area and the unique design of this property make this a killer investment opportunity. Please request offering memorandum for further property details. Listing Agent is related to Seller.

Courtesy Of Keller Williams Realty Group

Main Features

  • Listing Status: Active
  • Year Built: 1930
  • School District: LOWER MERION
  • County: Montgomery County
  • Taxes: $25,003.00
  • Tax Year: 2020
  • Units: 21
  • MLS Number:PAMC633634

Additional Features

  • Air Conditioning:
    • Yes
  • Cooling:
    • Central A/C
    • Window Unit(s)
  • Cooling Fuel:
    • Electric
  • Exclusions:
    • Tenant property.
  • Flooring:
    • Concrete
    • Terrazzo
    • Wood
  • Water Heater:
    • Other
  • Inclusions:
    • All except tenant property.
  • Building Area Source:
    • Assessor
  • Building Square Feet:
    • 15209.00
  • Business Type:
    • Apartment Building
    • Other/General Retail
  • Location:
    • Corner Lot/Unit
  • New Construction:
    • No
  • View:
    • Street
  • Water Source:
    • Public
  • Doors/Windows:
    • Double Entry
  • Clear Span:
    • 8' to 10'
  • Faces:
    • Southeast
  • Lot Description:
    • Corner
    • Road Frontage
  • Lot SF Source:
    • Assessor
  • Waterfront:
    • No
  • Electric:
    • 200+ Amp Service
  • Expenses Include:
    • Electric
    • Heating/Cooling
    • Insurance
    • Other
    • Repair/Maintenance
    • Sewer
    • Snow Removal
    • Trash
    • Water
  • Heating:
    • Other
  • Heating Fuel:
    • Electric
    • Natural Gas
  • Sewer:
    • Public Sewer
  • Utilities:
    • Above Ground
    • Cable TV
    • Electric Available
    • Natural Gas Available
    • Sewer Available
    • Under Ground
    • Water Available
  • Security Features:
    • Carbon Monoxide Detector(s)
    • Main Entrance Lock
    • Monitored
    • Smoke Detector
    • Surveillance Sys
  • Accessibility Features:
    • 2+ Access Exits
  • Road Maintenance:
    • Boro/Township
  • Water Access:
    • No
  • Financing:
    • Cash
    • Conventional
    • Negotiable
  • Gross Income Includes:
    • Apartment Rentals
    • Other
  • List Type (Exclusive):
    • Exclusive Right
  • Owner Pays:
    • Accounting/Legal
    • Advertising/Licenses and Permits
    • Common Area Maintenance
    • Electricity
    • Gas
    • Heat
    • Insurance
    • Miscellaneous
    • Other
    • Repairs
    • Sewer
    • Sewer Maintenance
    • Snow Removal
    • Taxes - Real Estate
    • Trash Collection
    • Water
  • Rental Features:
    • No
  • Assessment Year:
    • 2020
  • MLSSystem ID:
    • BRIGHT
  • Number Of Elevators:
    • 0
  • Possession:
    • Negotiable
  • Price Per SQFT:
    • 230.06
  • Total Parking Spaces:
    • 0
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.

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39.99735 -75.23526

199 W CITY AVE Wynnewood, PA 19004

261012402 39.99735 -75.23526 230 /listing/261012402-150108186/199-w-city-ave-wynnewood-pa-19004 False 0 3499000.0 5972 101 PAMC633634 False
  • $3,499,000
  • 5,972 sqft
  • 0.14 lot
  • Est payment $18783.39/mo