Address
325 Green Street Lansdale, PA
Price
$ 589,899
Property Attributes
  • MLS#PAMC686814
  • TypePending
  • CountyMONTGOMERY
  • CityLansdale
  • AreaLansdale Boro
  • Zip19446
  • Style
  • Year Built1988
  • Taxes$ 5671
  • Price$ 589,899
  • Bedrooms4
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3,049 SqFt
Listing Provided Courtesy Of:
20/20 Real Estate
Data Source:
Bright MLS
Property Description

Opportunity to own a quadplex in desirable Lansdale Borough within walking distance to shops and restaurants. This well-maintained property currently generates annual rents of approximately $60,000. All four units were renovated in 2015 and each features 750 square feet with one bedroom, one bathroom, and an in-unit washer/dryer. Two of the four units are furnished and rented on Airbnb for $1,600/month each. The Airbnb stays are always 30 days or greater and attract Merck employees, traveling nurses, college students, and travelers. The remaining two units are unfurnished and rented on an annual basis for $875/month each. The current annual net operating income for the building is $34,500 creating a 6% cap rate. There is an opportunity to convert the two unfurnished apartments to Airbnb and generate an additional $1,400/month. This would drive the potential cap rate to over 8%! Come and see this turnkey opportunity today. Showings Wednesday After 5pm Saturday 12-2

Price History
3/29/2021 Listed $589,900
3/29/2021 1% - $589,899

General Features

Accessibility None
Architectural Style Other
Avg. Electric Per Month 200.0
Construction Materials Frame
Cool Fuel Electric
Cooling Wall Unit
County MONTGOMERY
Days on Market 39
Exclusions Any Tennant property
Garage Y/N No
Heating Hot Water
High School District NORTH PENN
MLS Area Lansdale Boro (10611)
Municipality LANSDALE BORO
New Construction No
One Bedroom Units Count 4
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Possession Negotiable
Price Per Sq Ft 198.62
Property SubType Quadruplex
Property Type Multi-Family
Sewer Public Sewer
Structure Type Detached
Tax Annual Amount 5671.0
Tax Lot 074
Tax Year 2020
Total Units 4
Vacation Rental Y/N No
Water Access Y/N No
Zoning B

Interior Features

Basement Y/N No
Central Air Y/N No
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Living Area 2970

Exterior Features

Inclusions Refrigerator, Washer and Dryer Each Unit
Lot Dimensions x 0.00
Lot Size Acres 0.07
Lot Size Source Assessor
Lot Size Square Feet 2970.00
Navigable Water Y/N No
Parking Lot - # Of Spaces 5
Pool Y/N No Pool
Total Parking Spaces 5
Type of Parking Parking Lot
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 Pending Average in 19446

Price
AVG $390K
$590K
Taxes
AVG $5,119
$5,671
Visits
AVG 26
57
Year Built
AVG 1981
1988
Walkscore
AVG 37
68
Data Provided by Walkscore ® not using MLS data

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