Lansdowne, PA 19050,24-26 W GREENWOOD AVE
Lansdowne, PA 19050,24-26 W GREENWOOD AVE
Lansdowne, PA 19050,24-26 W GREENWOOD AVE
Lansdowne, PA 19050,24-26 W GREENWOOD AVE
Lansdowne, PA 19050,24-26 W GREENWOOD AVE
Lansdowne, PA 19050,24-26 W GREENWOOD AVE
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$600,000

$695,000

13.7%
Est.Price: ?

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Est. payment /mo

7,100 SqFt


SOLD DATE : 02/17/2023

Key Details

Sold Price $600,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 7,100 sqft

Price per Sqft $84

MLS Listing ID PADE2026892

Sold Date 02/17/23

Originating Board BRIGHT

Year Built 1910

Annual Tax Amount $8,048

Tax Year 2021

Lot Size 9,280 Sqft

Acres 0.21

Lot Dimensions 61.70 x 150.42

Property Description

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.

Location

State PA

County Delaware

Area Lansdowne Boro (10423)

Zoning R

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Window Unit(s)

Heat Source Natural Gas

Exterior

Garage Spaces 7.0

Waterfront N

Water Access N

Accessibility None

Parking Type Parking Lot, Private Garage

Total Parking Spaces 7

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District William Penn

Others

Tax ID 23-00-01390-00

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by John M Carpenter Jr. • Keller Williams Main Line
Bought with Michael Harney • Property Merchants, LLC
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7466 New Ridge Road Suite 1, Hanover, MD, 21076

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