Property Description

Excellent investment opportunity in the heart of the Borough of Jenkintown. 123 Cedar Street is a well-maintained 3-unit multifamily property featuring one spacious 2-bedroom unit and two 1-bedroom units, plus a detached 2-car garage providing additional rental income. This fully-rented property currently generates over $55,000 in annual gross rent, with a mix of stable lease terms and month-to-month flexibility. Major improvements include a full roof and gutter replacement in 2020, new central HVAC for the first floor installed in 2023, new paved driveway in 2022, repointed front stone wall, and upgraded electric service with 150-amp panels for each unit and basement and a 200-amp upgrade for the whole house, including new wiring throughout. Recent unit updates include newer flooring, paint, toilets, appliances, hot water heaters, updated laundry appliances, and separate electric/gas utilities. Located in desirable Jenkintown Borough, this property offers convenient access to shops, restaurants, public transportation, regional rail, and major commuter routes. A strong option for investors, owner-occupants, or buyers looking for a well-located income-producing property. Electric and gas is separately metered.

Property Features

Local Schools