For Sale
$499,900

5529-31 Lansdowne AvePhiladelphia, PA 19131

Laundromat, Apartment, & Lots

Overview

Added:
Dec 11, 2024
Days on market:
113
Exceptional opportunity to acquire a mixed-use property in Philadelphia's Carroll Park neighborhood. This unique offering encompasses a thriving coin-operated laundromat, a spacious one-bedroom apartment, and two adjacent vacant lots. The laundromat, built in 2008 and renovated in 2010, boasts 34 dryers and 26 washers, all stainless steel, generating an average monthly income of approximately $7,000 from coin machines alone. Additional revenue streams are derived from the sale of laundry supplies. The laundromat features tile floors, ample natural light, a small office, and a half-bathroom. The apartment unit includes a full bathroom, updated kitchen with granite countertops and appliances, and tile floors throughout. A fenced driveway accommodates two cars, and the adjacent lots offer additional parking potential (approximately 8-10 cars). All major appliances and the rubber roof were installed between 2008 and 2010. The property includes video surveillance. The apartment unit, if rented, could generate an additional $1,050-$1,250 monthly rental income. Monthly operating expenses include water, electricity, gas, trash, sewer, and internet. Annual expenses include insurance and property taxes. The property is being sold as-is, where-is. The location offers convenient access to public transportation, shopping, dining, and major universities, including Drexel University and the University of Pennsylvania. The property presents a compelling investment opportunity with potential for redevelopment of the adjacent lots. The total square footage is 2,433. The asking price is $499,900.

Highlights

  • $499,900 asking price for a mixed-use property in Philadelphia, PA.
  • 2,433 square feet, including a laundromat with 34 dryers and 26 washers, and a one-bedroom apartment.
  • Located at 5529-31 Lansdowne Avenue, Philadelphia, PA 19131.
  • The laundromat generates approximately $7,000 monthly revenue from coin machines.
  • The property includes two adjacent vacant lots, totaling approximately 2,433 square feet, suitable for redevelopment.

Property Details for 5529-31 Lansdowne Ave

Property type
Specialty properties, Land
Square Feet
2,433 SF

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9769568
Longitude
-75.2329336
5529-31 Lansdowne Ave, Philadelphia, Pennsylvania

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5529-31 Lansdowne Ave
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