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900 Greenwood Ave 6 Unit Apartment Building $2,191,594 CAD ($365,266 CAD/Unit) 11.95% Cap Rate Jenkintown, PA 19046

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INVESTMENT HIGHLIGHTS

  • AIRBNB SUPERHOST/LISTINGS CAN BE TRANSFERRED AT AN ADDITIONAL AMOUNT.

EXECUTIVE SUMMARY

Well maintained and updated 6-UNIT corner-property in Jenkintown Borough. All 6 units are fully renovated and well appointed, separately metered & feature washer/dryers in units. There are two, 2 Bedroom, ground-floor units that each have a private entrance. There are four 1 bedroom, 1 bathroom units on the second floor. Each unit has a dedicated off street parking space in the large driveway. They are currently all utilized as short term rentals on AirBnB and are averaging a total rent of $16,000 monthly. There are also two on site detached garages that generate $300/month each. Excellent investment opportunity.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $271,287 $90.43
Other Income - -
Vacancy Loss - -
Effective Gross Income $271,287 $90.43
Taxes $17,191 $5.73
Operating Expenses $55,440 $18.48
Total Expenses $72,631 $24.21
Net Operating Income $198,656 $66.22

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $271,287
Annual Per SF $90.43
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $271,287
Annual Per SF $90.43
Taxes (CAD)
Annual $17,191
Annual Per SF $5.73
Operating Expenses (CAD)
Annual $55,440
Annual Per SF $18.48
Total Expenses (CAD)
Annual $72,631
Annual Per SF $24.21
Net Operating Income (CAD)
Annual $198,656
Annual Per SF $66.22

PROPERTY FACTS

Price $2,191,594 CAD
Price Per Unit $365,266 CAD
Sale Type Investment
Cap Rate 11.95%
Gross Rent Multiplier 8.4
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Single-Family Home
Building Class B
Lot Size 0.32 AC
Building Size 3,000 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1924/2018
Parking Ratio 2.68/1,000 SF
Zoning B - Business or commercial zoning classification.

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Public Transportation
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 4 - -
2+1 2 - -
Walk Score®
Very Walkable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 35701844

  • Date on Market: 2025-05-01

  • Last Updated:

  • Address: 900 Greenwood Ave, Jenkintown, PA 19046

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