Ryers Ave, PA, 19012 – Cheltenham | Duplex + 3 Garages + Office

Contract for Sale | Contractor & Investor Opportunity

x Ryers Ave, Cheltenham, PA 19012
 

ATTENTION INVESTORS, CONTRACTORS & BUSINESS OWNERS!

Here is a unique opportunity to acquire a corner duplex in desirable Cheltenham Township featuring an extremely rare detached garage compound. Unlike traditional multifamily properties, this asset includes three detached garages (including one oversized garage) plus dedicated office space, creating multiple income streams and an ideal setup for contractors, tradespeople, landscapers, electricians, plumbers, and other business owners seeking a live-work or investment opportunity.
 

🏡 Property Breakdown:

• Building Type: Corner Twin Duplex
• Living Space: 1,851 sq ft
• Unit 1: 2 Bedroom / 1 Bathroom – Delivered Vacant
• Unit 2: 2 Bedroom / 1 Bathroom – Currently Rented at $1,100/month
• Garage Compound: 3 Detached Garages
• Bonus Space: Approx. 200 SF Office
• Roof: New Roof with Warranty
• Annual Taxes: $7,684
   

🔨 Unique Value-Add Features:

• 3 Detached Garages
• One Oversized Garage
• Dedicated Office Space
• Perfect Setup for Contractors, Tradespeople & Small Business Owners
• Secure Storage for Vehicles, Equipment, Tools & Materials
• Multiple Potential Income Streams from Residential and Commercial Usage
   

💰 Income Potential:

• Current Income:
• Unit 2: $1,100/month
• Pro Forma Income:
• Unit 1: $1,700/month
• Unit 2: $1,700/month
• Garages & Office: $1,000/month
• Projected Gross Income: $52,800/year
   

📊 Investment Metrics:

• Asking Price: $310,000
• Estimated Rehab Budget: $100,000
• Total Investment: $410,000
• Projected NOI: $42,476
• Pro Forma Cap Rate: 10.36%
   

💡 Potential Exit Strategies:

Contractor Owner-Occupant

Operate your business directly from the property while offsetting expenses with rental income. Store trucks, tools, trailers, equipment, and materials securely on-site while maintaining office operations.

Cash-Flow Rental Investment

Lease both residential units and monetize the garages and office separately, creating multiple revenue streams rarely available in one asset.
 

Value-Add Multifamily Investment

Complete strategic renovations to maximize rents and unlock the property's full income-producing potential.
 

🔥 Why This Property:

• Rare Garage Compound: Three garages plus office space is nearly impossible to find in Montgomery County.
• Business-Friendly Layout: Ideal for contractors, tradespeople, and owner-operators.
• Multiple Income Streams: Residential units, garages, and office space all generate revenue.
• Strong Cash Flow Potential: Projected 10.36% cap rate after stabilization.
• Prime Cheltenham Location: High-demand rental market with excellent accessibility.
• Flexible Investment Opportunity: Perfect for investors, contractors, or owner-occupants.
   

📊 Pro Forma:
https://docs.google.com/spreadsheets/d/1Wxvvactsxipc-pu5XdAMzRFfnTX3S_IU

 

📞☎️ Call or text our team at: 215-395-6211

Showings to Serious Buyers Only. Proof of Funds Required Prior to Scheduling.