Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
Listing photo for 199 W City Ave, BALA CYNWYD, PA
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199 W City Ave,

BALA CYNWYD, PA

$3,499,000

15,209 Sqft
0.14 Acres

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.

Facts & Features
MLS® # PAMC636732
Price $3,499,000
Bathrooms 0.00
Square Footage 15,209
Acres 0.14
Year Built 1930
Type Multi-Family
Sub-Type Detached, Other
Style Other
Status Active
Community Information
Address 199 W City Ave
Area Lower Merion Twp (10640)
City BALA CYNWYD
County MONTGOMERY-PA
State PA
Zip Code 19004
Amenities
Is Waterfront No
Interior
Heating None
Cooling None
Has Basement No
Fireplace No
# of Stories 3
School Information
District LOWER MERION
Additional Information
Date Listed February 26th, 2020
Days on Market 15
Zoning C2
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office Keller Williams Realty Group
Photo of Christal Goetz

Christal Goetz

Office: (202) 573-8552
Cell: (202) 329-9512

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Listing information last updated on April 1st, 2020 at 9:46am EDT.

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