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24-26 W Greenwood Avenue

LANSDOWNE, PA 19050
  • $785,000
  • STATUS: Active
  • ON SITE: 65 Days
  • ID#: PADE2026892
UPDATED: 29 min ago
$785,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1910
County:

School Ratings & Info

School District:

Description

Seven unit apartment building built circa 1900. 3 story frame twin in the Queen Annestyle, listed on the National Register Historic District as a contributing property. Theproperty was converted into 7 apartments, providing approximately 7,100 sq. ft. of livingspace, and consisting of 4- 2BR, LR, 1BA units, 2- 1BR, LR, 1BA units, 1 unit has 1BR,LR, DR, 1BA and enclosed porch. Rents for the 2 BR units are slightly below market,rents for the 1 BR units have potential for 10% + rent increases. The current rent role is$6,985 per month. There is a coin operated laundry in the basement generates an additional $100+ permonth. With some renovation the 1 BR with LR & DR has 20% more rent potential.One gas fired boiler serves entire building, the A-frame roof was replaced in 2019. Theentire property exterior was re-painted in 2021 and the driveway and parking lot was re-paved in 2021. There is a two car garage plus parking for five vehicles in the parkingarea. Convenient location close to train and shopping. Lansdowne is 15 minutes to Center City by train. Gross Annual Rent is $83,820. Annual Expenses: Utilities 9,458; Maintenace 2,492; Insurance 4,053; Taxes 20,376 (includes Trash & Sewer). NOI is $47,441.

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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: 2022-08-08T08:59:06.653.
www.johnkrizateam.com/homes/129476791
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24-26 W Greenwood Avenue LANSDOWNE, PA 19050

  • Price: $785,000
  • Status: Active
  • On Site: 65 Days
  • Updated: 29 min ago
  • ID#: PADE2026892
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1910
Built
Neighborhood:
Lansdowne Boro (10423)
County:
Delaware
Area:
Lansdowne Boro (10423)
School District:
William Penn
Property Description
Seven unit apartment building built circa 1900. 3 story frame twin in the Queen Annestyle, listed on the National Register Historic District as a contributing property. Theproperty was converted into 7 apartments, providing approximately 7,100 sq. ft. of livingspace, and consisting of 4- 2BR, LR, 1BA units, 2- 1BR, LR, 1BA units, 1 unit has 1BR,LR, DR, 1BA and enclosed porch. Rents for the 2 BR units are slightly below market,rents for the 1 BR units have potential for 10% + rent increases. The current rent role is$6,985 per month. There is a coin operated laundry in the basement generates an additional $100+ permonth. With some renovation the 1 BR with LR & DR has 20% more rent potential.One gas fired boiler serves entire building, the A-frame roof was replaced in 2019. Theentire property exterior was re-painted in 2021 and the driveway and parking lot was re-paved in 2021. There is a two car garage plus parking for five vehicles in the parkingarea. Convenient location close to train and shopping. Lansdowne is 15 minutes to Center City by train. Gross Annual Rent is $83,820. Annual Expenses: Utilities 9,458; Maintenace 2,492; Insurance 4,053; Taxes 20,376 (includes Trash & Sewer). NOI is $47,441.
Exterior Features

Construction Materials FrameShingle SidingWood Siding Garage YN No Parking Types Parking LotPrivate Garage Property Condition Very Good Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 7100.00 Cooling Window Unit(S) Heating Hot Water Heating YN Yes Net Square Feet 7100.00

Property Features

Accessibility Features None Annual Gross Expense 36379.00 Assessment Year 2022 Business Type Apartment Building Central Air YN No Cooling Fuel Electric Cross Street Owen Avenue Heating Fuel Natural Gas Hot Water Natural Gas Municipality Lansdowne Boro Navigable Water YN N New Construction YN No Number Of Units Total 7 Original MLSNumber 801610045918 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 8048.00 Tax Assessment Amount 209150.00 Tax Lot 823-000 Total Actual Rent 83820.00 Vacation Rental YN No Water Source Public Zoning R

Listing courtesy of Keller Williams Main Line.


©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: 2022-08-08T08:59:06.653.
 
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