Seven unit apartment building built circa 1900. 3 story frame twin in the Queen Anne style, listed on the National Register Historic District as a contributing property. The property was converted into 7 apartments, providing approximately 7,100 sq. ft. of living space, 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+ per month. 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. The entire 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 parking area. Coin operated laundry generates additional $1,200/year. 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; Maintenance 2,492; Insurance 4,053; Taxes 20,376 (includes Trash & Sewer). NOI is $47,441.
PADE2026892
Apartment Building
LANSDOWNE BORO
DELAWARE
1910
0.21
Acres
Gas Water Heater, Public Water Service
Public Sewer
Loading...
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
Walk Score
Transit Score
Bike Score
Loading...
Loading...