215 Ryers Ave

Cheltenham, PA 19012

Fantastic Investment Opportunity, or live here and let the tenant pay your mortgage! Beautifully maintained twin duplex in historic Cheltenham Village. Wraparound porch with separate entrances. Nice fenced-in back yard with shaded patio area - perfect to enjoy grilling and outdoor dining. First floor currently leased with long-term tenant - first floor apartment is spacious one bedroom plus den. Vacant second floor bi-level unit has just been renovated-- new carpet and floors, fresh paint, new window treatments. 3 bedrooms, 1.5 baths, sunny bright kitchen with bay window. New owner could occupy that apartment, or could lease it out. Each unit includes refrigerator, gas stove, and washer & dryer. Blue Ribbon Award Winning Cheltenham School District. Easy access to public transportation - regional rail train stations and bus route within a few blocks. Close to major hospitals and universities. Burholme Park and Tookany Creek Park a few blocks away. Large open and dry basement - access for utilities and storage. New gas water heater 2021. This property has been fully and continuously occupied since start of current ownership. Whenever advertised, have consistently had overwhelming interest. 2nd floor unit has been vacant since the departure of the previous tenant so as to renovate the unit and to retain for new owner-resident occupancy. First floor tenant pays $900 per month. Second floor was rented for $1,450 per month. A great passive income opportunity!