113 E Main Street, Lansdale, PA 19446 - Photo 1

1/1

$560,000

Sold
Closed
Multi-Family

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Property Description

MULTIPLE OFFERS: SELLER REQUEST HIGHEST AND BEST BY TUESDAY MARCH 29 @ NOON. LOCATION! LOCATION! LOCATION! Investment opportunity knocks at 113 E Main St, Lansdale. This well-maintained, 4-unit, mixed-use building screams value for the savvy investor. The property consists of one commercial and three residential units, fully leased. Parking is not an issue as the property has a large newly resurfaced lot for tenants, in addition to the ample on street parking. Located in the heart of Lansdale Borough, just a short walk to the SEPTA train station & downtown, this fully occupied building could possibly have an additional income source with the separately metered basement area. Current rents are under market value for the area. Updates to the property are numerous and include: Unit #1 bathroom update, new kitchen flooring, new lighting; Unit #2 new flooring, lighting, galley and paint throughout, Unit #3 new kitchen, bathroom and paint throughout; Unit #4 updated kitchen. Common area newer gas boiler and parking lot resurfaced. Tenants pay their own electric and hot water. The yearly gross rents total $45,300 currently, which is extremely under market value. With a modest 15% increase, a new owner can increase their gross near $52,095. Come see what Lansdale Borough has to offer, from the Farmer's Market, Bike Night, tons of quaint restaurants, coffee shops & breweries, Festivals, Parades, Community Pools & Community events! Come out & see this one before it's gone! 48 Hour notice required for all showings.

Full Property Details

Full Property Details for 113 E Main St

General

Sold For: $560,000
Taxes: $6,318 (2022)
Status: Closed
Type: Multi-Family
Source: BrightMLSPhilly
MLS ID: PAMC2013840
Added to Site: 1, 175 day(s) ago

Interior

Interior Features: Store/Office
Flooring: Fully Carpeted, Vinyl, Tile/Brick

Exterior

Exterior Features: Sidewalks, Street Lights

Parking

Total Spaces: 7
Parking Type: Parking Lot, Off Street

Location

Area: Lansdale Boro (10611)
Municipality: LANSDALE BORO
County: Montgomery
Cross Streets: Ridge St
Driving Directions: From Main and Broad, proceed East on Main St. Building up one block on the left

School Information

School District: North Penn
High School: North Penn Senior

Heating & Cooling

Cooling Type: None
Cooling Fuel: Electric
Heating Type: Hot Water
Heating Fuel: Natural Gas
Water Heater: Electric

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Info: Other
Architectural Style: Other
Structure Type: Detached
Construction: Aluminum Siding
Basement: Yes
Basement Desc.: Full, Walkout Stairs
Foundation: Permanent, Block
Roof: Shingle
Stories/Levels: 0
Sq. Ft. Source: Assessor
Year Built: 1940
Year Built Source: Assessor
Property Condition: Very Good

Unit Information

Other Units: Unit 1, Unit 2, Unit 4, Unit 3
1 Bedroom Units: 2
2 Bedroom Units: 1

Unit 1

Unit Description: Unit 1
Total Bathrooms: 1
Bedrooms: 1

Unit 2

Unit Description: Unit 2
Total Bathrooms: 1

Unit 3

Unit Description: Unit 3
Total Bathrooms: 1
Bedrooms: 2

Unit 4

Unit Description: Unit 4
Total Bathrooms: 1
Bedrooms: 1

Lot Features

Lot Size (Acres): 0.16
Lot Size (Sq. Ft.): 6,848
Lot Size Source: Assessor
Lot Dimensions: 43.00 x 0.00
Zoning: MIXED USE

Financial Considerations

Assessment Year: 2022
School Tax: $4,631
City/TownTax: $1,036
City/TownTax Freq: Annually
County Tax: $651
County Tax Freq: Annually
Tax w/Assessment: $165,840
Tax Amount: $6,318
Tax Year: 2022
Terms: Standard Sale
Owner Pays: Heat, Gas, Insurance, Water, Sewer, Trash Collection, Taxes - Real Estate
Landlord Pays: Heat, Gas, Insurance, Water, Sewer, Trash Collection, Taxes - Real Estate

Disclosures and Reports

Ownership: Fee Simple
Inclusions: Heat
Lot Number: 48

Listed by Zoom Realty, LLC, Michael A Craig
Sold by Keller Williams Real Estate-Blue Bell, Jeffrey P Silva and Keller Williams Real Estate-Blue Bell, Alba L Vellucci

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Listing agent

— 113 E Main St —

Michael A Craig

Zoom Realty, LLC

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Schools

Schools serving 113 E Main St

School District:North Penn School District

Name	Grades	Distance
Knapp Elementary School 698 Knapp Rd, Lansdale, PA 19446	K-6	0.9 mi
Penndale Middle School 400 Penn St, Lansdale, PA 19446	7-9	0.4 mi
North Penn Senior High School 1340 S Valley Forge Rd, Lansdale, PA 19446	9-12	1.8 mi

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 113 E Main St

Date

Details

Price

Change

Source

5/13/2022

Sold

$475,000

-13.48%

MLS

3/22/2022

Price Increased

$549,000

9.82%

MLS

10/16/2021

Listed

$499,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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113 E Main Street, Lansdale, PA 19446 (MLS# PAMC2013840) is a Multi-Family property that was sold at $560,000 on May 13, 2022. Want to learn more about 113 E Main Street? Do you have questions about finding other Multi-Family real estate for sale in Lansdale? You can browse all Lansdale real estate or contact a Coldwell Banker agent to request more information.

113 E Main St Lansdale, PA 19446