A 5,000 sf apartment building at 900 Greenwood Avenue in Jenkintown is the market for an undisclosed amount.

According to the listing, the six-unit property comes with six parking spaces and was renovated in 2018.

From the description:

A gorgeous 6-UNIT corner-property in Jenkintown Borough! This property consists of 2-tax parcels. All 6 units were completely rehabbed (to perfection) in 2018, all units are separately metered & feature washer/dryers in units.

The (2) 2 Bedroom ground-floor units have their own private entrances & the additional (4) units are 1 bedroom, 1 bathroom units on the second floor of the two buildings. Each unit has a dedicated parking space in the wrap around drive-way/convenient parking lot. They are currently all utilized as short term rentals on AirBnB and are averaging a total rent of $16,000 monthly.

5 Months P&L attached (January 1st 2024 – June 8th 2024) & Pro-Forma NOI for 2024 = $174,568.80, for the 6 AIRBNB Units. Garage spaces are rented out for an additional total of $500 a month/$6,000 annually.

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