NOT LISTED FOR SALE

55 E Main St Lansdale, PA 19446

-- Bed
-- Bath
-- Sq Ft
9,875 Sq Ft Lot

Last Sold July 13, 2018

Last sale price $400,000

53 Days on Market

Highlights

  • No HOA
  • 5-minute walk to Lansdale
  • Laundry Facilities
  • North Penn Senior High School Rated A
  • Home Security System
  • 4-minute walk to Memorial Park

About This Home

As of July 2018

Exceptional income producer here. Not your ordinary multi-unit property. Crunch the numbers and you'll see for yourself....this is an outstanding investment opportunity. Property is fully rented and consists of a 12 unit rooming house, a commercial storefront with superb visibility (currently a mattress store), and a 4 bay garage. This property NETS in excess of $60K/year. Rent collection has been handled weekly for the owner by one of the Tenants. Owner recently had a new roof installed and security cameras throughout the rooming house. The front awning is in the process of replacement. First time offered in more than 20 years. Income and expenses available on request. Room furnishings are included in the sale. Please allow at least 24 hours notice. Listing agent must accompany all showings.

Last Agent to Sell the Property

Dave Boland

(215) 815-8825 dave.boland@verizon.net American Foursquare Realty LLC Listed on: 03/21/2018

Last Buyer's Agent

Dan Borowiec

(610) 639-5241 danborowiec@verizon.net RE/MAX Professional Realty

RE/MAX Professional Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,472

Year Built

  • Built in 1900

Lot Details

  • 9,875

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Heating System Uses Gas
  • 200+ Amp Service
  • 100 Amp Service
  • Natural Gas Water Heater

Additional Features

  • Basement Fills Entire Space Under The House
  • 9,875 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 042
  • Assessor Parcel Number 11-00-10012-003

Community Details

Building Details

  • Income includes laundry
  • Operating Expense $6,472

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,472

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Common

Exterior Features

  • Construction Materials: Brick
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 4
  • Total Garage And Parking Spaces: 8

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service, 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Lot Size Acres: 0.23
  • Lot Dimensions: 57
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9875.00
  • Zoning: B

Rental Info

  • Vacation Rental: No

Multi Family

  • Income Includes: Laundry
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9

Tax Info

  • Assessor Parcel Number: 608819
  • Tax Annual Amount: 6472.00
  • Assessor Parcel Number: 11-00-10012-003
  • Tax Lot: 042
  • Tax Year: 2018

MLS Schools

  • School District Name: NORTH PENN

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2018 07/13/18 Sold $400,000 -11.1% --
05/13/2018 05/13/18 Pending -- -- --
05/08/2018 05/08/18 Price Changed $450,000 -5.3% --
03/21/2018 03/21/18 For Sale $475,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dave Boland

    Seller's Agent in 2018

    Dave Boland

    American Foursquare Realty LLC

    (215) 815-8825

    2 in this area

    18 Total Sales

    Dave Boland
    Section Image
  • Dan Borowiec

    Buyer's Agent in 2018

    Dan Borowiec

    RE/MAX

    (610) 639-5241

    82 Total Sales

    Dan Borowiec
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000305612

Bright MLS
Pennsylvania Montgomery County Lansdale 19446

55 E Main St, Lansdale, PA

Not Listed for Sale

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