Property
Beds
4
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
2,308
Excellent investment opportunity in the heart of the Borough of Jenkintown. 123 Cedar Street is a well-maintained 3-unit multifamily property featuring one spacious 2-bedroom unit and two 1-bedroom units, plus a detached 2-car garage providing additional rental income. This fully-rented property currently generates over $55,000 in annual gross rent, with a mix of stable lease terms and month-to-month flexibility. Major improvements include a full roof and gutter replacement in 2020, new central HVAC for the first floor installed in 2023, new paved driveway in 2022, repointed front stone wall, and upgraded electric service with 150-amp panels for each unit and basement and a 200-amp upgrade for the whole house, including new wiring throughout. Recent unit updates include newer flooring, paint, toilets, appliances, hot water heaters, updated laundry appliances, and separate electric/gas utilities. Located in desirable Jenkintown Borough, this property offers convenient access to shops, restaurants, public transportation, regional rail, and major commuter routes. A strong option for investors, owner-occupants, or buyers looking for a well-located income-producing property. Electric and gas is separately metered.
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
N/A
-
Above Grade Finished Area
2308.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Window Unit(s), Electric
-
Heating YN
YES
-
Heating
Electric, Natural Gas, Forced Air, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Construction Materials
Aluminum Siding
-
Parking
Garage, Driveway, Detached
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.21
-
Lot Size(square feet)
9148.0
-
Property Type
Residential Income
-
Property Sub Type
Triplex
-
Architectural Style
Colonial
Price
-
Sales Price
$575,000
-
Tax Amount
$9,229
-
Sq. Footage
2, 308
-
Price/SqFt
$249
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
JENKINTOWN MIDDLE SCHOOL
-
High School
JENKINTOWN
Property Features
-
New Construction
NO
-
Foundation Details
Stone
-
Sewer
Public Sewer
-
Tax Lot
016
-
Water Source
Public
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Location
County
MONTGOMERY
Elementary School
Middle School
JENKINTOWN MIDDLE SCHOOL
High School
JENKINTOWN
Listing Courtesy of Jeffrey W. Bryant , Springer Realty Group
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Owner, Chief Executive Officer, Portfolio Advisor
Todd Polinchock
Call Todd today to schedule a private showing.
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