221 Ardmore Ave, Ardmore, PA 19003

$519,000
: 5
BD
: 2
BA
: 1,930
SqFt

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List Price: $519,000
Price Change: ▼ $20,000 1783647049
Days on Market: 88
MLS#: PAMC2178146
Status: ACTIVE
Type: Townhome
Style: Colonial
Year Built: 1920
Bedrooms: 5
Bathrooms: 2
Full-baths: 1
Half-baths: 1
County: Montgomery
Region: Lower Merion Twp (10640)
Neighborhood: Ardmore
Subdivision: Ardmore

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Property Description

Rare opportunity to purchase a Lower Merion Township–licensed student rental in the heart of Ardmore. Just 3.3 miles (approximately a 9-minute drive) to Villanova University and a short 10-minute walk to the Ardmore Train Station (or 3-minute drive), this location is ideal for student tenants. Opportunities like this are extremely limited—purchasing an existing licensed property is often the only way to enter the Lower Merion student rental market. The property can also be used as a primary residence or non-student rental if the next owner chooses to discontinue the student rental license. The property is currently leased through May 2027 for $3,900 per month, plus utilities, providing immediate income for the new owner. The typical lease structure has tenants paying all utilities, helping to maximize investment returns. This well-maintained, large 5-bedroom twin home features a welcoming front porch, rear yard, and recent updates, including new carpet, newer HVAC, and fresh interior and exterior paint—making it a true turnkey investment. Enjoy walkable access to Suburban Square, along with Ardmore’s shops, dining, and Main Line amenities. Call today for more details or to schedule a private tour of this exceptional investment opportunity.

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