Bought with Jeffrey P Silva • Keller Williams Real Estate-Blue Bell
$560,000
$549,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
6,848 Sqft Lot
SOLD DATE : 05/13/2022
Key Details
Sold Price $560,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAMC2013840
Sold Date 05/13/22
Style Other
Year Built 1940
Annual Tax Amount $6,318
Tax Year 2022
Lot Size 6,848 Sqft
Acres 0.16
Lot Dimensions 43.00 x 0.00
Property Sub-Type Detached
Source BRIGHT
Property Description
MULTIPLE OFFERS: SELLER REQUEST HIGHEST AND BEST BY TUESDAY MARCH 29 @ NOON. LOCATION! LOCATION! LOCATION! Investment opportunity knocks at 113 E Main St, Lansdale. This well-maintained, 4-unit, mixed-use building screams value for the savvy investor. The property consists of one commercial and three residential units, fully leased. Parking is not an issue as the property has a large newly resurfaced lot for tenants, in addition to the ample on street parking. Located in the heart of Lansdale Borough, just a short walk to the SEPTA train station & downtown, this fully occupied building could possibly have an additional income source with the separately metered basement area. Current rents are under market value for the area. Updates to the property are numerous and include: Unit #1 bathroom update, new kitchen flooring, new lighting; Unit #2 new flooring, lighting, galley and paint throughout, Unit #3 new kitchen, bathroom and paint throughout; Unit #4 updated kitchen. Common area newer gas boiler and parking lot resurfaced. Tenants pay their own electric and hot water. The yearly gross rents total $45,300 currently, which is extremely under market value. With a modest 15% increase, a new owner can increase their gross near $52,095. Come see what Lansdale Borough has to offer, from the Farmer's Market, Bike Night, tons of quaint restaurants, coffee shops & breweries, Festivals, Parades, Community Pools & Community events! Come out & see this one before it's gone! 48 Hour notice required for all showings.
Location
State PA
County Montgomery
Area Lansdale Boro (10611)
Zoning MIXED USE
Rooms
Basement Full, Walkout Stairs
Interior
Interior Features Store/Office
Hot Water Electric
Heating Hot Water
Cooling None
Flooring Fully Carpeted, Vinyl, Tile/Brick
Fireplace N
Heat Source Natural Gas
Exterior
Garage Spaces 7.0
Water Access N
Roof Type Shingle
Accessibility None
Total Parking Spaces 7
Garage N
Building
Foundation Permanent, Block
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools North Penn Senior
School District North Penn
Others
Tax ID 11-00-10028-005
Ownership Fee Simple
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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