Address
124 W Baltimore Avenue, Lansdowne, PA
Price
$ 450,000
Property Attributes
- MLS#PADE2063436
- TypeContingent
- CountyDELAWARE
- CityLansdowne
- AreaLansdowne Boro
- Zip19050
- StyleApartment Building
- Year Built1940
- Taxes$ 12313
- Price$ 450,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4218
Data Source:
Bright MLS
Property Description
5 unit cash flowing apartment building. This is a rare opportunity to own a cash flowing property with that is well maintained and currently below market rents. This building is 3 one bedrooms apartments and 2 two bedroom apartments. Gross yearly revenue when fully occupied is $56,100 and that's not even up to market rates! Market rent for one bedroom is approximately $1050 and for a two bedroom $1200, that's a gross rent of $66,600. All units except for the 1st floor share utilities which is paid by the landlord. Room to improve value/cash flow by separating utilities. Front unit tenant just moved out after long term tenancy. The unit is ready for value add upgrades, don't miss this opportunity to add this cash cow to your portfolio.
| Price History | |
|---|---|
| 3/23/2024 | Listed $450,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | None |
| Possession | Immediate |
| Zoning | A-50 |
| Construction Materials | Stucco,Other,Stone,Brick |
| Year Built | 1940 |
| Property SubType | Five Or More Units |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | None |
| OwnerPays | Water,Heat,Electricity |
| Business Type | Apartment Building |
| Accessibility | None |
| County | DELAWARE |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Property Use | Investment |
| Status | ACTIVE UNDER CONTRACT |
| Directions | GPS |
| ModificationTimestamp | 2024-04-22T08:28:00 |
| City | LANSDOWNE |
| Buyer Agent Compensation | 2.5 |
| Total Units | 1 |
| MLS Area | Lansdowne Boro (10423) |
| Lot Size Square Feet | 0.00 |
| Tax Assessed Value | 300170.0 |
| Waterfront Y/N | No |
| Street Name | BALTIMORE |
| Tax Annual Amount | 12313.0 |
| Price Per Sq Ft | 106.69 |
| Acceptable Financing | Cash,Conventional |
| Vacation Rental Y/N | No |
| Days on Market | 29 |
| Standard Status | Active Under Contract |
| Year Built Source | Estimated |
| Tax Lot | 716-000 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | AVENUE |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 8 |
| Type of Parking | Parking Lot |
| Water View Y/N | No |
| Building Area Total | 4218.00 |
| Lot Dimensions | 50.00 x 220.00 |
| Lot Size Acres | 0.00 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 146700.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 8 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 19050
Price
Taxes
Visits
Year Built
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