106 Lansdowne AveLansdowne, PA 19050

Property Details for 106 Lansdowne Ave

Year built

1930

Property size (Sq ft)

20,880 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 12-unit apartment building, located at 106 S Lansdowne Ave in Lansdowne, Pennsylvania, presents a compelling investment opportunity. The property boasts a total of 20,880 square feet, situated on a 10,848 square foot lot. Built in 1930 and extensively renovated in 2022, this three-story building features all two-bedroom units, currently enjoying 100% occupancy. Recent capital improvements include a new roof, HVAC system, plumbing, decks, kitchens, bathrooms, and hot water heaters. The property's strong performance is reflected in its pro-forma NOI of $127,014 and a 7.06% pro-forma cap rate. The asking price is $1,800,000, or $150,000 per unit. Its prime location offers easy access to SEPTA's Lansdowne Station, major roadways (Routes 1, 13, 30, Interstates 476, 76, and 95), and Baltimore Avenue. The property benefits from its proximity to major employers such as Mercy Catholic Medical Center, SAP America, Boeing, Harrah's Casino, Riddle Hospital, and Delaware County Memorial Hospital. The building is zoned for commercial use and offers a strong, stable tenant base in a high-demand area with limited new construction possibilities, making it an ideal long-term investment. The historically high occupancy rate (95% or better) further underscores the property's consistent profitability and resilience within the Lansdowne rental market. This meticulously maintained property combines historic charm with modern amenities, providing a desirable living experience for tenants and a robust return for investors. The property's fee simple ownership provides complete control and flexibility. The APN is 23-00-01842-00.

Location Insight

City

Lansdowne

County

Delaware

State

Pennsylvania

Latitude

39.9342

Longitude

-75.2712

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].