113 E Main St
Overview
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.
Details
General
- Type
- Multi-family
- Lot size
- 6,848 sq. ft.
- Year built
- 1940
- Pool
- No
- Parking spaces
- 7
Listing information
- MLS #
- PAMC2013840
- Listing provided by
- Michael Craig, Zoom Realty, LLC
- Attribution Contact
- +12679680344
- Status
- Sold
Location
- County
- MONTGOMERY
- Address
- 113 E Main St, Lansdale, PA 19446