75 Baltimore Ave, Lansdowne, PA 19050
2 Multifamily Properties Offered at $1,005,000 in Lansdowne, PA
For Sale
Active
Asking Price $1,005,000
- Property Type
-
Multifamily
- Square Feet
- 6,430 SF
Listing Contacts
Vincent Peruto
Property Overview
Marcus & Millichap is pleased to present for sale 56 W. Albemarle Avenue & 75 W. Baltimore Avenue, two four-unit multifamily properties, each including four garages and coin operated laundry for additional income. The properties, located in Lansdowne, Pennsylvania, a borough of Delaware County just 6-miles West of Center City, Philadelphia, and only one-half mile apart from each other, provide terrific access to Route 1, 3, and I476 and are within a short walking distance to the Lansdowne Train Station.
56 W. Albemarle is a two-story building comprised of four one-bedroom units, measuring approximately 700 sf each, with individual private entrances. This building presents a true value-add opportunity through improved management and unit renovations. Recent capital improvements include two newer hot water heaters, and a newer boiler.
75 W. Baltimore Avenue is a four-story building consisting of four total units, one studio one-bath and three two-bedroom one-bath units, measuring approximately 350 sf and 800 sf, respectively. On-site storage units in the basement that can be positioned for additional rental upside. Similarly to 56 W. Albemarle, this Victorian style property also features private entrances for each unit. Recent building improvements include a newer boiler and two newer hot water heaters.
Lansdowne’s proximity to Center city the neighboring suburbs provides residents with a balanced urban and suburban environment through easily accessible Routes 1, 3, and I476. A short 15-minute commute down Chestnut Street will take you to the center of town. The properties are located less than one mile from the popular intersection of Baltimore Avenue and Lansdowne Avenue, which feature various dining and retail options that cater to the area residents. In addition, Lansdowne residents have easy access to the eleven parks the community has to offer, many of which feature ornate landscaping and design. This investment offers an investor the opportunity to acquire two well-maintained, fully occupied properties in a flourishing submarket with significant rental upside.
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity with Below Market Rents
- Transit Oriented Location With Immediate Access Routes 1, 3, and I476
- On-Site Coin Operated Laundry and Rental Garages for Additional Revenue Streams
- 15 Minute Commute to Center City, Philadelphia
56 W. Albemarle is a two-story building comprised of four one-bedroom units, measuring approximately 700 sf each, with individual private entrances. This building presents a true value-add opportunity through improved management and unit renovations. Recent capital improvements include two newer hot water heaters, and a newer boiler.
75 W. Baltimore Avenue is a four-story building consisting of four total units, one studio one-bath and three two-bedroom one-bath units, measuring approximately 350 sf and 800 sf, respectively. On-site storage units in the basement that can be positioned for additional rental upside. Similarly to 56 W. Albemarle, this Victorian style property also features private entrances for each unit. Recent building improvements include a newer boiler and two newer hot water heaters.
Lansdowne’s proximity to Center city the neighboring suburbs provides residents with a balanced urban and suburban environment through easily accessible Routes 1, 3, and I476. A short 15-minute commute down Chestnut Street will take you to the center of town. The properties are located less than one mile from the popular intersection of Baltimore Avenue and Lansdowne Avenue, which feature various dining and retail options that cater to the area residents. In addition, Lansdowne residents have easy access to the eleven parks the community has to offer, many of which feature ornate landscaping and design. This investment offers an investor the opportunity to acquire two well-maintained, fully occupied properties in a flourishing submarket with significant rental upside.
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity with Below Market Rents
- Transit Oriented Location With Immediate Access Routes 1, 3, and I476
- On-Site Coin Operated Laundry and Rental Garages for Additional Revenue Streams
- 15 Minute Commute to Center City, Philadelphia
Highlights
- Value-Add Opportunity with Below Market Rents.
- Transit Oriented Location With Immediate Access Routes 1, 3, and I476.
- On-Site Coin Operated Laundry and Rental Garages for Additional Revenue Streams.
- 15 Minute Commute to Center City, Philadelphia.
All available spaces
- Space
- Size
- 3,284 SF
- Price
- $525,000
- Space Subtype
- Multifamily
- Space
- Size
- 3,146 SF
- Price
- $480,000
- Space Subtype
- Multifamily
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