Welcome to 1352 Ashbourne Rd, Elkins Park, PA 19027 – where investment dreams come true! This stunning single-detached passive income-producing duplex is a gem waiting for savvy investors like you to seize the opportunity. With a total of 2,513 sq ft, this property boasts two fantastic units primed for profit. Unit A on the first floor features 2 bedrooms, 1.5 baths, and a massive kitchen with sleek stainless steel appliances. Plus, with central air and parking, it’s the epitome of comfort and convenience. And let’s talk location—just a quick 7-minute stroll to Elkins Park station and a 3-minute walk to Myers Elementary School, making city access and dropping the kids off at school a breeze! The vibrant Cheltenham Co-op Market and Jenkintown Markets are also only minutes away. Unit B, the top-floor haven, offers 4 bedrooms, 1 bath, and a vast kitchen with stainless steel appliances. In-unit laundry and parking add to the allure. But wait, there’s more! Nestled on a sprawling 0.51-acre lot, the backyard is a canvas for creativity. Subdivide for neighborly extensions (subject to Cheltenham Township approval), set up storage units, or unleash your entrepreneurial spirit with a machine shop – endless possibilities! Want to take things a step further? Ask me about a potential development opportunity. Whether you’re a rent-hacking aficionado or a seasoned investor aiming to rake in about an extra $49k annually, this property delivers. With a cap rate of 6.3%, it’s a golden ticket to financial success and opportunity. Don’t miss out. Call us to schedule your showing today.
This property is $89K more than the Median Sold Price and $2/SqFt more than other homes in Cheltenham Township, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAMC2102460
Listing Office:
Office Name: EXP Realty, LLC
Office Phone: (888) 397-7352
Listing Agent: Jose Cruz
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Myers Elementary School
7609 Montgomery Ave
Distance between this listing and this school0.14 miles
Public District Grades KG-4
Middle School
6
/10
Elkins Park School
8149 New Second St
Distance between this listing and this school0.66 miles
Public District Grades 5-6
6
/10
Cedarbrook Middle School
300 Longfellow Rd
Distance between this listing and this school1.83 miles
Public District Grades 5-8
High School
4
/10
Cheltenham High School
500 Rices Mill Rd
Distance between this listing and this school2.18 miles
Public District Grades 9-12
Assigned Schools
7
/10
Myers Elementary School
7609 Montgomery Ave
Distance between this listing and this school0.14 miles
Public District Grades KG-4
Nearby Schools
7
/10
Wyncote Elementary School
8149 New Second St
Distance between this listing and this school0.66 miles
Public District Grades KG-4
5
/10
Glenside Elementary School
8149 New Second St
Distance between this listing and this school0.66 miles
Public District Grades KG-4
Assigned Schools
6
/10
Elkins Park School
8149 New Second St
Distance between this listing and this school0.66 miles
Public District Grades 5-6
6
/10
Cedarbrook Middle School
300 Longfellow Rd
Distance between this listing and this school1.83 miles
Public District Grades 5-8
Nearby Schools
5
/10
Eugenio Maria De Hostos Charter School
6310 N 2nd St
Distance between this listing and this school1.46 miles
Public Charter Grades KG-8
Assigned Schools
4
/10
Cheltenham High School
500 Rices Mill Rd
Distance between this listing and this school2.18 miles
Public District Grades 9-12
Nearby Schools
2
/10
Act Academy Cyber Charter School
2111 Eastburn Ave
Distance between this listing and this school1.77 miles
Public Charter Grades 9-12
8
/10
Jenkintown Middle / High School
West And Highlands Aves
Distance between this listing and this school1.96 miles
The neighbors living near this home have an average income of $81,373. Typical income of Cheltenham Township, PA residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
This home is located at 1352 Ashbourne Rd in Elkins Park, PA and zip code 19027 in the Elkins Park neighborhood. This 2,513 square foot home, which was built in 1875, sits on a 0.51 acre lot. It has been listed on Rocket Homes since April 27, 2024 and is currently priced at $479,000.
While more than 13 listings in Cheltenham Township, PA in April 2024 were sold above asking price, there were more than 8 listings sold at asking price, and more than 7 were sold below. Between March 2024 and April 2024, Cheltenham Township, PA real estate market has seen increase in the number of listings by 12.3%. In April 2024 median list price was $390,000 and the average listing age was 30 days.
From Rocket Homes Real Estate and based on county public records data.