$540,000

6727 Lansdowne Ave

PHILADELPHIA PA, 19151

Description

WONDERFUL INVESTMENT OPPORTUNITY for seasoned investor, business owner, or first time home buyer pursuing their dreams of building a business and wealth. The four(4) unit Quadruplex, or Quad, has a commercial storefront and three (3) 1-bedroom apartments located at the corner of the Overbrook section of West Philadelphia. It stands across from Morris ground and Overbrook Educational Center which brings daily foot traffic of exercise enthusiasts and dog walkers. The location is great! It is less than 1 (one) mile from the City Ave corridor, Montgomery County Main Line, Lankenau Medical Center, several high schools, middle schools, supermarkets, and Karakung Golf Course. 2 miles to St Joseph University. 1.2 miles to the 69th Street transportation center that travels to University City and Center City in minutes. Routes 76, 476, & I-95 not a problem. Finally, Septa bus routes 31 and 65 stops at the corner of the block. It has great walkability. And, if you are going to run a business from the commercial storefront, the traffic count averages 2000-5000 daily. Once you step into this 50-year-old legendary business establishment, you'll notice this ready to operate storefront comes equipped with commercial refrigerators, freezers, Taylor water ice making machines and a restaurant grill. The proper amenities to catapult this existing business or a different take out business that you can imagine. Take out business is popular and ideal in this Covid-19 environment. Rents in the area for 1 bedroom units ranges $800-$900 per month. The spacious 1st and 2nd floor 1-bedroom units can be converted into 2-bedrooms units because of the size. Rents for 2 bedrooms average 1000-1100 per month. Each unit has separate meters, boilers, and hot water heaters. Also, separate entrances for enjoyable privacy when entertaining guests or enjoying your private oasis. As a result of lower interest rates, an owner occupied buyer can live for an estimated $2650 per month. (PITI - FHA loan with 3.5% down and an interest rate of 3%) Now do the math. 4 UNITS Live for free? Or, run a business with minimal cost and equipment included. Several development projects in the area suggest many commercial opportunities with minimal competition. Do your homework and ?take over? the neighborhood. No brainer. Prepare for an awesome 2021 year and get ahead of the curve. Schedule a showing today!

Details

MLS#PAPH964154
Listing TypeFor Sale
Sub-TypeResale
Status10000069142
Year1935
Days On Site11

Features

SQ Feet2,754
Units4
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Area Information
StatePA
CountyPHILADELPHIA-PA
CityPHILADELPHIA
Zip Code19151
Area19151 (19151)
Listing VS Median (in 19151)
Price:
$540,000
low | high
Med:
$160,000
100% of Average
SqFt:
2,754
low | high
Med:
1,120
100% of Average
$ / SqFt:
$196
low | high
Med:
$143
77.142857142857% of Average
On Site:
11
low | high
Med:
42
26.190476190476% of Average
Listing Updated: November 26, 2020 8:40:40 PM PST
Nathaniel Brooks LogoMLS Number: PAPH964154
Listing Provided By:
Nathaniel Brooks  of  Super Realty Group Delco LLC.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Bright MLS. 

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