MLS® ID: PAMC613366
400 RYERS AVENUE
CHELTENHAM, Pennsylvania, 19012 $215,000
Active Under Contract
Wonderful opportunity to own this three story single property zoned for commercial or residential purposes. This corner lot property is located near Cottman Ave just outside of Northeast Philadelphia in Cheltenham Township. The current owner has owed this property since the 1940s. The setup is perfect for someone looking to operate a business, retail or professional office on the main level while renting out the 3-bedroom apartment. Currently the main floor is being utilized as a member's club with easy access to a fully finished basement boasting a bar, bathroom and kitchen space. The main floor comprises of two bathrooms, kitchen and a sizeable open floor plan offering many possibilities. The spacious lot could be converted into parking spaces or expansion subject to Township approval. The 2nd and 3rd floor consist of a 7-room apartment with 3- bedrooms, eat in kitchen and full bathroom that could be rented for $1,200 plus. The property offers a deck, open front porch and a storage shed. Other notable features include zoned heat and separate electric. This property is within a short walking distance to public transportation( Fox Chase Line Ryers Station) and more.