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$570,000
$579,999 1.7%
Est. payment /mo
5,664 SqFt
Sold on 04/18/2025
7801 MONTGOMERY AVE Elkins Park, PA 19027
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Key Details
Sold Price $570,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 5,664 sqft
Price per Sqft $100
MLS Listing ID PAMC2119526
Style Other
Year Built 1870
Annual Tax Amount $12,163
Tax Year 2024
Lot Size 9,756 Sqft
Property Sub-Type Detached
Property Description
An expansive commercial unit on the 1st floor and two apartments on the 2nd floor. The commercial space was once home to a renowned hair salon but is now ready for its new owners and endless possibilities. With the building located steps away from the Elkins Park train station and the abundance of street parking, your business will allow customers and employees to come and go with ease.
The first floor is currently one large open floor plan with a single wall to create a separation, 4 smaller rooms, a utility area, laundry room, and 2.5 bathrooms. Floor plans are available. You can also access the basement from 2 different points. And with its 9'8ft ceilings and three magnificent floor to ceiling windows, this is anything but an average commercial space. The zoning on this property allows for it to be used as a Bank or Financial Institution, Bed and Breakfast, Personal Care Business, Professional Service Business, Restaurant, Retail Shop, Studios for Dance, Art, Music, Photography, Yoga, or similar, Medical Office.
For convenience there is a separate entrance to the apartments on the 2nd floor. Upstairs is a 1 bedroom 1 bathroom apartment (tenant currently pays $950/mo on a month to month lease - tenant would like to stay) and a 3 bedroom 1 bathroom apartment (recently had rented out at $2,000/mo - currently vacant). One bedroom tenant pays for gas/electric. Owner pays water.
Both apartments are equipped with new forced air heating (gas) and cooling (2023). The 3 Bedroom unit was renovated in 2023 with new flooring, new kitchen, and a new back deck. All new HVAC ductwork in the commercial space (2024). Most of the roof was re-done in 2022. There are 4 parking spots in the rear of the building. The commercial unit has 3 parking spots and the one bedroom unit has 1 parking spot
The first floor is currently one large open floor plan with a single wall to create a separation, 4 smaller rooms, a utility area, laundry room, and 2.5 bathrooms. Floor plans are available. You can also access the basement from 2 different points. And with its 9'8ft ceilings and three magnificent floor to ceiling windows, this is anything but an average commercial space. The zoning on this property allows for it to be used as a Bank or Financial Institution, Bed and Breakfast, Personal Care Business, Professional Service Business, Restaurant, Retail Shop, Studios for Dance, Art, Music, Photography, Yoga, or similar, Medical Office.
For convenience there is a separate entrance to the apartments on the 2nd floor. Upstairs is a 1 bedroom 1 bathroom apartment (tenant currently pays $950/mo on a month to month lease - tenant would like to stay) and a 3 bedroom 1 bathroom apartment (recently had rented out at $2,000/mo - currently vacant). One bedroom tenant pays for gas/electric. Owner pays water.
Both apartments are equipped with new forced air heating (gas) and cooling (2023). The 3 Bedroom unit was renovated in 2023 with new flooring, new kitchen, and a new back deck. All new HVAC ductwork in the commercial space (2024). Most of the roof was re-done in 2022. There are 4 parking spots in the rear of the building. The commercial unit has 3 parking spots and the one bedroom unit has 1 parking spot
Location
State PA
County Montgomery
Area Cheltenham Twp (10631)
Zoning COMMERCIAL MIXED USE
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Exterior
Water Access N
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cheltenham
Others
Special Listing Condition Standard
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