140 Harrison Ave, Glenside, PA 19038

Description

Charming Stone Triplex in Heart of Glenside – High Upside Potential! The 30+ year owner, now relocated, wants to sell. This well-maintained stone triplex offers a rare "buy and hold" opportunity in one of Philadelphia’s premier walkable suburbs. Easton Rd shopping, restaurants and entertainment is around the corner, and at the end of the block is Elcy’s Coffee Shop at the Glenside train Station. This property on a picturesque block of 2- and 3-story pre-war homes is perfectly configured for great tenancy! There’s ample street parking for company because each tenant has their own parking place behind the house. Separated utilities minimize landlord expenses, as each tenant pays their own electric and gas bills (hot water, heat & cooking). Owner pays only cold water ($3854 - 2025) & common electric ($529 - 2025). Even the basement has separate storage & laundry areas. All leases became month-to-month terms after their 1st year. Occupied since 5/2013, the 1st floor tenant ($995/month) enjoys full use of the open front porch in good weather. Inside, a large living room with a stone hearth, gas-fired fireplace greets friends & family. This bright & sunny one-bedroom apartment has some nice built-ins as well as interior access to a private section of the basement for additional storage and laundry. Access to the upper apartments is from the side porch on the driveway side of the house. Occupied since 10/2014, the 2nd floor tenant ($1095/month) has the house’s only two-bedroom apartment. The 3rd floor’s cozy one-bedroom apartment remains vacant, as that long-term tenant bought a neighborhood home. The owner decided to leave it vacant, so the new buyer could entertain improvements and begin leasing with their choice of good tenancy. The garage has been rented to an off-site tenant since 10/2019 ($155/month). A new front railing is scheduled for an end of May installation. The owner has done a good job of maintaining the property over the years and enjoyed the benefits of minimal turnover vs improving for higher rents. Consequently, there is significant room to make cosmetic improvements and boost rents when the opportunity presents itself. Leases, disclosures, and the iron railing order are all online. Come see if this handsome property can fulfill your real estate desires!