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.
Many recent upgrades were made to this large warehouse with ample office space. The facade was completely refurbished with a new exterior, two new entry doors, a new 14-foot-high garage door, and a new six space parking lot. This portion of the property is approximately 5000 square feet with 3,000 being the warehouse and 2,000 being office space. It can easily be converted to add more space to the warehouse if needed. There is an updated foyer area that has two bathrooms and beyond that there is a newer kitchen area. In the warehouse there are two new heating systems and plenty of workspace. This area also has a newer office on the second floor with central air. The lower office portion has both a conference room and plenty of open office space. There is also a separate lower level of the property that is currently being rented to an auto mechanic for additional income. The main warehouse/office space is being rented for $4,500 a month until 5-1-24 and the mechanic shop is renting for $3,400 a month until 6-30-24. Sale is for building only.
Lansdowne is located in Pennsylvania. Lansdowne, Pennsylvania has a population of 10,641. Lansdowne is less family-centric than the surrounding county with 31.49% of the households containing married families with children. The county average for households married with children is 31.92%.
The median household income in Lansdowne, Pennsylvania is $56,902. The median household income for the surrounding county is $69,839 compared to the national median of $57,652. The median age of people living in Lansdowne is 41.5 years.
The average high temperature in July is 87.2 degrees, with an average low temperature in January of 25.4 degrees. The average rainfall is approximately 46 inches per year, with 16.3 inches of snow per year.
