$140,000
$169,900
17.6%For more information regarding the value of a property, please contact us for a free consultation.
3,300 SqFt
SOLD DATE : 08/19/2016
Key Details
Sold Price $140,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $42
Subdivision Lansdowne
MLS Listing ID 1003930245
Sold Date 08/19/16
Style Other
HOA Y/N N
Abv Grd Liv Area 3,300
Originating Board TREND
Year Built 1940
Annual Tax Amount $9,826
Tax Year 2016
Lot Size 6,142 Sqft
Acres 0.14
Lot Dimensions 52X125
Property Description
CASH COW! Check out this amazing opportunity for you to earn a very strong passive income with this 4 unit building that also has 2 oversized garages that can be rented for extra income. This huge corner property is on a very nice and quiet block just across the street from Ardmore Avenue Elementary School. Each apartment is a very spacious one bedroom with hardwood floors and tons of natural light. Although it is in good overall condition, this investment property is being sold well below market value because it does need some work. All the utilities are separated and each apartment has access to the basement with a community area for washer/dryer setup and private storage lockers. Renovated 1 bedroom apartments in the area rent from $800-$900 per month and each garage should rent in the $150 per month range. The rental prices are estimates and represent the potential rental income for this property. The borough has inspected the premises and the necessary list of repairs is available upon request. Seller is looking for a CASH BUYER who can close in a timely manner.
Location
State PA
County Delaware
Area Lansdowne Boro (10423)
Zoning MULTI
Rooms
Other Rooms Master Bedroom
Basement Full
Interior
Hot Water Natural Gas
Heating Gas
Cooling Wall Unit
Fireplace N
Heat Source Natural Gas
Laundry Common
Exterior
Garage Spaces 4.0
Water Access N
Accessibility None
Total Parking Spaces 4
Garage N
Building
Sewer Public Sewer
Water Well
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District William Penn
Others
Tax ID 23-00-00435-00
Ownership Fee Simple
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Bought with Ken R Gehris • USRealty.com LLP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "