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ActiveBala Cynwyd, PA, 19004
271 Righters Ferry Road is a rare, unique opportunity for an investor, owner occupant, or developer in the desirable Bala Cynwyd neighborhood. This large, deep lot is situated on a tree lined street with close proximity to shopping and transportation. This home features two - 2 bedroom, 2 bath units, 1 on each floor. The entire home has been carefully renovated and lovingly maintained by the owner occupant (retired licensed electrician, plumber, and HVAC technician). Additionally, the property offers two completely separate outbuildings/workshops, with separate electricity, heat, and air conditioning. These outbuildings offer many options for the investor, whether they use them for their business, offer them as additional storage or workspace for tenants, or rent them out for even more rental income. For each residential unit, the primary heat source is radiant hot water, and each bedroom and living space also has a mini split system that offers air conditioning as well as a supplemental heat source- four newer, well maintained mini split units total. The home can continue as a duplex or be converted into a larger single family home. The expansive lot offers a circular front driveway, a large side driveway, and a rear parking area. The lot also features extensive raised garden beds, mature trees, as well as a beautifully landscaped side yard. The rear of the property features an in ground vinyl lined pool with decking surround, and a covered barbecue area with electriciy and running water. The outbuildings are two large 12 x 24 foot separate buildings that feature heat, central air, and electricity. Current rents for a 2 bedroom, 2 bathroom in this area are $2000-2500. The two separate workshops offer additional rental income of $1000-1500. Utilities are split into 3 separate accounts - first floor, second floor, and common areas/workshops. Photos are of the exterior and first floor unit. The second floor unit is in similar condition to the first floor unit (currently tenant occupied). The property will be delivered vacant. The possibilities are endless for an investor or owner occupant. Photos are of the exterior, and first floor unit. Second floor is in similar condition as first floor, currently tenant occupied.
Listed by: Kathleen Evans, McCarthy Real Estate
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