Address
55 E Main Street Lansdale, PA
Price
$ 950,000
Property Attributes
  • MLS#PAMC2001047
  • TypeMulti-Family
  • CountyMONTGOMERY
  • CityLansdale
  • AreaLansdale Boro
  • Zip19446
  • Style
  • Year Built1900
  • Taxes$ 7097
  • Price$ 950,000
  • Bedrooms16
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size10,019 SqFt
Listing Provided Courtesy Of:
Keller Williams Real Estate - West Chester
Data Source:
Bright MLS - 382 - MD
Property Description

KW Commercial is pleased to exclusively present for purchase, this investment property in the heart of Lansdale, PA. 55 E Main St consists of a 12 unit Rooming House, a retail storefront, and four garages. All units have stayed consistently fully occupied with a waiting list over the length of ownership and the property's superintendent lives right around the corner, making this a passive investment with significant upside. There is a huge market for this type of rental with no competition in the surrounding area and a long track record of providing housing for these shorter term tenants, even though most tenants stay over a year. Leases in place for all tenants. Gas heaters and gas hot water heaters are newer and in great shape. Potential to add 3 additional rooms on top floor.

Price History
10/14/2021 Listed $950,000

General Features

Accessibility None
Architectural Style Other
Basement Full, Unfinished
Construction Materials Brick, Other
Cool Fuel None
Cooling None
County MONTGOMERY
Days on Market 46
Garage Y/N No
Heating None
Lot Size Square Feet 9875.00
MLS Area Lansdale Boro (10611)
Municipality LANSDALE BORO
New Construction No
One Bedroom Units Count 13
Other Structures Above Grade, Below Grade
Other Units Unit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7, Unit 9
Ownership Fee Simple
Pool Y/N No Pool
Possession Negotiable
Property SubType Other
Property Type Multi-Family
Roof Shingle
School District 300200397039
School District NORTH PENN
Security Features Security System
Sewer Public Sewer
Single Room Units Count 13
Structure Type Detached
Tax Annual Amount 7097.0
Tax Lot 042
Tax Year 2021
Total Units 4
Vacation Rental Y/N No
Water Access Y/N No
Zoning B

Interior Features

Basement Y/N Yes
Central Air Y/N No
Fireplace Y/N No
Heating Fuel Natural Gas
Hot Water Natural Gas
Three Bedroom Units Count 1

Exterior Features

Foundation Details Stone
Lot Dimensions 57.00 x 0.00
Lot Size Acres 0.23
Lot Size Source Assessor
Navigable Water Y/N No
Type of Parking Other
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

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 Multi-Family Average in 19446

Price
AVG $800K
$950K
Taxes
AVG $6,194
$7,097
Visits
AVG 39
2
Year Built
AVG 1907
1900
Walkscore
AVG 51
71
Data Provided by Walkscore ® not using MLS data

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