M
Seller's Agent in 2022
Michael Craig
Dan Helwig Inc
(267) 968-0344
3 in this area
22 Total Sales
113 E Main St Lansdale, PA 19446
Estimated Value: $640,024
--
Bed
2
Baths
--
Sq Ft
6,848
Sq Ft Lot
Highlights
- Tile or Brick Flooring
- Hot Water Heating System
- Walk-Up Access
- North Penn Senior High School Rated A
- Property is in very good condition
- 3-minute walk to Memorial Park
About This Home
As of May 2022MULTIPLE 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.
Last Agent to Sell the Property
(267) 968-0344 macraig65@gmail.com Dan Helwig Inc License #RS308537 Listed on: 10/16/2021
Last Buyer's Agent
(844) 765-3297 jeff@soldbysilva.com OCF Realty LLC - Philadelphia License #RS271228
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,318
Year Built
- Built in 1940
Lot Details
- 6,848 Sq Ft Lot
- Lot Dimensions are 43.00 x 0.00
- Property is in very good condition
Home Design
- Quadruplex
- Permanent Foundation
- Block Foundation
- Shingle Roof
- Aluminum Siding
Flooring
- Wall to Wall Carpet
- Tile or Brick
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Walk-Up Access
Parking
- 7 Open Parking Spaces
- 7 Parking Spaces
- Parking Lot
- Off-Street Parking
Schools
- North Penn Senior High School
Utilities
- Hot Water Heating System
- Electric Water Heater
Community Details
- 4 Units
Listing and Financial Details
- The owner pays for heat, gas, insurance, water, sewer, trash collection, real estate taxes
- Tax Lot 048
- Assessor Parcel Number 11-00-10028-005
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 16, 2021
Closed on
May 13, 2022
Sold by
Axava Llc
Bought by
Peach Tree Real Estate Llc
Seller's Agent
Michael Craig
Dan Helwig Inc
Buyer's Agent
Jeff Silva
OCF Realty LLC - Philadelphia
List Price
$549,000
Sold Price
$560,000
Premium/Discount to List
$11,000
2%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,024
Avg. Annual Appreciation
3.98%
Original Mortgage
$448,000
Outstanding Balance
$425,780
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$214,244
Purchase Details
Closed on
Jul 7, 2011
Sold by
Geiger Ralph R and Geiger Julia E
Bought by
Axava Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
4.49%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 25, 1994
Sold by
Tripke Bruce H and Hollway Tripke Betty Anne
Bought by
Tripke Bruce H and Tripke Betty A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Peach Tree Real Estate Llc | $560,000 | None Listed On Document | |
| Axava Llc | $285,000 | None Available | |
| Tripke Bruce H | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Peach Tree Real Estate Llc | $448,000 | |
| Previous Owner | Axava Llc | $228,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/13/2022 05/13/22 | Sold | $560,000 | +2.0% | -- |
| 03/29/2022 03/29/22 | Pending | -- | -- | -- |
| 03/22/2022 03/22/22 | Price Changed | $549,000 | 0.0% | -- |
| 03/22/2022 03/22/22 | For Sale | $549,000 | -2.0% | -- |
| 01/14/2022 01/14/22 | Off Market | $560,000 | -- | -- |
| 12/16/2021 12/16/21 | Price Changed | $499,900 | 0.0% | -- |
| 10/27/2021 10/27/21 | Pending | -- | -- | -- |
| 10/16/2021 10/16/21 | For Sale | $499,900 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,976 | $165,840 | $79,710 | $86,130 |
| 2024 | $6,976 | $165,840 | $79,710 | $86,130 |
| 2023 | $6,527 | $165,840 | $79,710 | $86,130 |
| 2022 | $6,318 | $165,840 | $79,710 | $86,130 |
| 2021 | $6,061 | $165,840 | $79,710 | $86,130 |
| 2020 | $5,878 | $165,840 | $79,710 | $86,130 |
| 2019 | $5,781 | $165,840 | $79,710 | $86,130 |
| 2018 | $1,551 | $165,840 | $79,710 | $86,130 |
| 2017 | $5,396 | $165,840 | $79,710 | $86,130 |
| 2016 | $5,332 | $165,840 | $79,710 | $86,130 |
| 2015 | $4,947 | $165,840 | $79,710 | $86,130 |
| 2014 | $4,947 | $165,840 | $79,710 | $86,130 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Craig
-
Jeff Silva
Buyer's Agent in 2022
Jeff Silva
OFC Realty
(844) 765-3297
12 in this area
594 Total Sales
-
Abby Vellucci
Buyer Co-Listing Agent in 2022
Abby Vellucci
EXP Realty, LLC
(484) 808-5904
4 in this area
37 Total Sales
Map
Source: Bright MLS
MLS Number: PAMC2013840
APN: 11-00-10028-005
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