Property

Lansdowne, PA 19050 56 W Albemarle Avenue

Pending
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Presented By: RE/MAX Preferred - Newtown Square
  • MLS# PADE2074756
  • 09/05/2024
  • Request Tour
  • Request Info
  • Beds • 4
  • Garage • 4

Home Details

Investors Alert!!!! Discover the perfect blend of charm, functionality, and investment potential at 56 W Albemarle Ave, Lansdowne. Whether youre an investor seeking a solid multi-unit property or a live-in landlord envisioning the ease of owning rental units, this purpose-built quadplex offers everything you need for long-term success. Unlike converted properties, this building was designed from the ground up to be a four-unit residence, ensuring thoughtful layouts and utility metering for each tenant's comfort and your peace of mind. As you approach this well-maintained building on a quiet, tree-lined street, youll immediately notice the attention to detail and care put into the property. Step inside to a welcoming shared entryway that leads to four spacious, light-filled units, each designed to offer both comfort and functionality. Picture tenants or yourself settling into one of the bright living rooms, with ample space for relaxing, entertaining, or working from home. Each unit features a generous bedroom, providing a tranquil retreat at the end of the day, along with a fully-equipped bathroom and a large eat-in kitchena space where renters can easily imagine gathering for meals or hosting friends. The convenience continues with dual access points for each unit, giving tenants their own private rear entrance in addition to the front entry, making comings and goings seamless and private. Downstairs, the basement offers shared coin operated laundry facilities and extra storage space, adding even more appeal to prospective tenants who value convenience. For the investor, this property is a dream: each unit is separately metered for electric, gas, and hot water, meaning tenants are responsible for their own utilities, reducing your overhead costs and streamlining management. The back of the property features a spacious parking area, an added benefit that tenants will appreciate, and a 4-car detached garage that offers additional income potential through rental opportunities (all garages currently rented). Located just moments from parks, restaurants, major thoroughfares, and easy access to both Center City Philadelphia and Philadelphia International Airport, this property is perfectly positioned to attract long-term renters. While some units may benefit from minor updates, the building is in excellent condition and ready for its next owner to take it to the next level. Whether youre looking to grow your investment portfolio or live in one unit while renting out the others, 56 W Albemarle Ave offers you flexibility and stability and is one of Delaware Countys most desirable quadraplexes currently available. Dont miss out on this chance to own a piece of LansdowneCASH & CONVENTIONAL offers ONLY. Envision the possibilities, and take the first step toward making this quadplex your own. Reach out today to schedule a viewing!
Presented By: RE/MAX Preferred - Newtown Square

Interior Features for 56 W Albemarle Avenue

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
BasementUnfinished, Walkout Stairs, Windows
Basement (Y/N)Yes
Central Air Y/NNo
Fireplace Y/NNo
FlooringHardwood, Laminated
Furnished UnitsNone
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Number of Elevators
Total Stories3

General for 56 W Albemarle Avenue

Acceptable FinancingCash, Conventional
AccessibilityNone
Architectural StyleTraditional
Association Recreation FeeN
CityLANSDOWNE
Construction MaterialsBrick
Contingency TypeFinancing Approval
Cool FuelNone
CoolingNone
CountyDELAWARE
Days on Market1
DirectionsWaze it
Electric100 Amp Service
ExclusionsTenants personal property
Exterior FeaturesExterior Lighting, Flood Lights, Sidewalks, Secure Storage
Garage Spaces4.00
Garage Y/NYes
Gross Income48060.00
HeatingHot Water
Historic Y/NNo
Home Warranty Y/NNo
Lease TypeMonth to Month, Yearly
Location TypeSuburban
Lot Size Square Feet6534.00
Lot Size UnitsSquare Feet
MLS AreaLansdowne Boro (10423)
ModificationTimestamp2024-09-19T21:45:41
MunicipalityLANSDOWNE BORO
New ConstructionNo
Number of Units Leased4
NumberOfUnitsTotal4
NumberOfUnitsVacant
One Bedroom Units Count4
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 3
OwnerPaysWater, Taxes - Real Estate
Patio/Porch FeaturesBalconies- Multiple
Percent OwnershipFee Simple
Possession0-30 Days CD, 31-60 Days CD, Negotiable
Price Per Sq Ft Total AG111.25
Property ConditionGood
Property SubTypeQuadruplex
Property TypeMulti-Family
Rent Control Y/NNo
RoofArchitectural Shingle
School DistrictWILLIAM PENN
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector
SewerPublic Sewer
Single Room Units Count0
Standard StatusPending
StatusPENDING
Structure TypeDetached
Tax Annual Amount11658.0
Tax Assessed Value283160.0
Tax Lot167-000
Tax Year2023
Total Rooms20
Total SQFT3146
Two Bedroom0
Vacation Rental Y/NNo
ViewGarden/Lawn, Street
Water Access Y/NNo
Waterfront Y/NNo
Year Built1936
Year Built SourceAssessor
ZoningR-40 FOUR FAMILY
Zoning DescriptionR-40 Four Family 2 STY APTS 50x140

Exterior for 56 W Albemarle Avenue

# of Detached Garage Spaces4
Foundation DetailsBlock
Garage FeaturesGarage - Rear Entry
InclusionsWasher Dryer in Basement
Land Assessed Value66060.00
Land Use CodeR-40
Lot Dimensions50.00 x 140.00
Lot Size Acres0.15
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking FeaturesFree, Paved Driveway, Paved Parking, Private
PoolNo Pool
Road ResponsibilityBoro/Township
Road Surface TypePaved
SpaNo
Total Parking Spaces8
Type of ParkingDetached Garage, Driveway, On Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Chris Correira

Loan Officer
Price $350,000
MLS#PADE2074756
List Date 09/05/2024
Property Type Pending
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