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14 N Wycombe Avenue

LANSDOWNE, PA 19050
  • $650,000
  • STATUS: Active
  • ON SITE: 85 Days
  • ID#: PADE2026458
$650,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Ratings & Info

School District:

Description

12-14 N Wycombe Ave presents the opportunity for an Owner/User to purchase a 4,000sf warehouse/shop facility in Lansdowne, PA, with a flowing two-unit building included in the sale (one parcel).+GGThe warehouse is currently used as a shop and storage space for general contractors.+GG The building features 15 ft Ceilings, Block Wall Structure, Steel Beam Reinforced Free Span Rear, and five parking spaces.+GG The structure would likely support a garage door opening for drive-in access.+GG This space provides opportunities for an end-user to reimagine and maximize the building's potential.+GG The two-unit property included in the sale was gut renovated from top to bottom in 2016.+GG The property features new electric, plumbing, hardwood bamboo floors, cherry cabinets, granite countertops, tile bathrooms, and modern finishes.+GG Utilities for the warehouse and apartments are all individually metered for electric, gas, and water.+GG Apartments Tenants pay 100% of all utility bills for their units, removing a significant portion of the expenses passed through to the owner.+GG Both apartments are fully occupied and under market rents.+GG The owner pays taxes, sewer, trash, and general maintenance.+GG Apartment 1: 3bd / 2 Bath: $1,150 per month Apartment 2: 3bd / 2 Bath: $1,350 per monthTenant Responsibility: Electric, Water, GasLandlord Responsibility: Taxes, Trash, Sewer, GMTaxes: $10,621Insurance: $4,250Trash: $356Sewer: $160Utilities: $1,280Total Gross Income: $30,000Total Expenses: $16,307Total Net Income (NOI): $13,693Estimated Commercial Lease Rate: $12psf x 4,000sf = $4,000 per month | $48,000 annually Estimated Fully Leased Gross Income: $78,000Estimated Fully Leased NOI: $61,693Pro Forma Cap Rate: 9.5% Investment Highlights+GGWarehouse / Office Space + Additional Cash Flow+GGIndividually Metered Utilities +GGGut Renovated Apartments +GG"Free-Span" Rear of Building (2,000+- sf)+GGBlock Wall Construction +GGSteel Beam Reinforced +GG5 Included Parking Spaces +GGAdd Garage Door* +GGBi-Level Apartments +GGUnder Market Rents - Value Add

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Kriza Real Estate Team | Beiler-Campbell Realtors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-18T00:00:47.17.
www.johnkrizateam.com/homes/129043433
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14 N Wycombe Avenue LANSDOWNE, PA 19050

  • Price: $650,000
  • Status: Active
  • On Site: 85 Days
  • ID#: PADE2026458
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1920
Built
Neighborhood:
Lansdowne Boro (10423)
County:
Delaware
Area:
Lansdowne Boro (10423)
School District:
William Penn
Property Description
12-14 N Wycombe Ave presents the opportunity for an Owner/User to purchase a 4,000sf warehouse/shop facility in Lansdowne, PA, with a flowing two-unit building included in the sale (one parcel).+GGThe warehouse is currently used as a shop and storage space for general contractors.+GG The building features 15 ft Ceilings, Block Wall Structure, Steel Beam Reinforced Free Span Rear, and five parking spaces.+GG The structure would likely support a garage door opening for drive-in access.+GG This space provides opportunities for an end-user to reimagine and maximize the building's potential.+GG The two-unit property included in the sale was gut renovated from top to bottom in 2016.+GG The property features new electric, plumbing, hardwood bamboo floors, cherry cabinets, granite countertops, tile bathrooms, and modern finishes.+GG Utilities for the warehouse and apartments are all individually metered for electric, gas, and water.+GG Apartments Tenants pay 100% of all utility bills for their units, removing a significant portion of the expenses passed through to the owner.+GG Both apartments are fully occupied and under market rents.+GG The owner pays taxes, sewer, trash, and general maintenance.+GG Apartment 1: 3bd / 2 Bath: $1,150 per month Apartment 2: 3bd / 2 Bath: $1,350 per monthTenant Responsibility: Electric, Water, GasLandlord Responsibility: Taxes, Trash, Sewer, GMTaxes: $10,621Insurance: $4,250Trash: $356Sewer: $160Utilities: $1,280Total Gross Income: $30,000Total Expenses: $16,307Total Net Income (NOI): $13,693Estimated Commercial Lease Rate: $12psf x 4,000sf = $4,000 per month | $48,000 annually Estimated Fully Leased Gross Income: $78,000Estimated Fully Leased NOI: $61,693Pro Forma Cap Rate: 9.5% Investment Highlights+GGWarehouse / Office Space + Additional Cash Flow+GGIndividually Metered Utilities +GGGut Renovated Apartments +GG"Free-Span" Rear of Building (2,000+- sf)+GGBlock Wall Construction +GGSteel Beam Reinforced +GG5 Included Parking Spaces +GGAdd Garage Door* +GGBi-Level Apartments +GGUnder Market Rents - Value Add
Exterior Features

Construction Materials FrameMasonry Garage YN No Parking Types Off Site Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 6534.00 Cooling Central A/C Heating Hot Water Heating YN Yes Net Square Feet 6534.00

Property Features

Accessibility Features None Assessment Year 2022 Business Type Apartment BuildingAuto RelatedFlexManufacturingProfessionalStorageWarehouseOther Central Air YN Yes Cooling Fuel Electric Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Municipality Lansdowne Boro Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 801593260940 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 10621.00 Tax Assessment Amount 276010.00 Tax Lot 387-000 Vacation Rental YN No Water Source Public Year Built Effective 2016 Zoning Comm

Listing courtesy of Keller Williams Philly.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Kriza Real Estate Team | Beiler-Campbell Realtors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-18T00:00:47.17.
 
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