210 Grayling Ave, Narberth, PA 19072

Welcome to this charming triplex ideally situated on quint cul-de-sac in the Borough of Narberth in eastern Montgomery County. The neighborhood in the heart of Philadelphia’s Mainline is best described as a built-out suburban borough and is characterized by diverse architectural housing styles and is conveniently located to all amenities including excellent schools, parks, houses of worship, commercial and retail establishments, major transportation centers and employment centers. This 3 Family investment property is in excellent condition and has been well-maintained by the current owner during their ownership. It is best suited for an owner occupant who would have two tenants to help offset the operating expenses but also works well for an investor who understands the value of owning and operating a multifamily rental property in Narberth. The Cap Rate if used by an owner occupant is 1.1% and is 6.5% if used strictly as an investment. There is one apartment on each of the three floors. As you enter the first-floor apartment which has 3 bedrooms and 1 bath and a newer tile kitchen with quartz counters, stainless steel appliances and outside exit; new marble and tile bathroom with chair rail and beadboard wainscot; hardwood main bedroom with walk-out bay window; and hardwood secondary bedroom. Unit #2 is located on the second floor and includes hardwood flooring in the living room; ceramic tile kitchen with dining nook and door to large deck; two bedrooms with hardwood flooring and tile bathrooms. Unit #3 is located on the third floor and includes a hardwood living room; ceramic tile kitchen with dining nook; one hardwood bedroom; and one tile bathroom. Each apartment includes an electric heat pump or mini-split system that provides heat and central air conditioning. This wonderful property also features a full basement with laundry facilities, separately metered electric and full front porch. There is also a shed tastefully situated in the rear yard to house your lawn equipment.