$289,000
Active Under Contract
36 Days Online
0 Beds0 Baths0 SQFT
Active Under Contract

104 E Main Street Lansdale, PA 19446

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NEW PRICE ADJUSTMENT!!! Unique opportunity in downtown Lansdale to invest in this 2-unit duplex. The main level is a 3-room suite, ideal as an office or retail business. Upstairs is a complete one-bedroom apartment with full kitchen and bath. Both units are currently vacant. Based on market averages for Lansdale over the past 12 months, both units combined are capable of generating $28, 968. Main level – approx. 900 SF x 1.28 (average price/SF in Lansdale for commercial leases over the past 12 months) would generate $1, 152/month or $13, 824/year. One bedroom apartment at $1, 262/month x 12 months can generate $15, 144/year. This is based on the average rent for the 24 closed leases for one bedroom apartments in Lansdale over the past 12 months. Data Source: Bright MLS. There are two private entrances for each unit, as well as separate utilities, plus a two-car garage and fenced backyard. Put your stamp on this property and use it for two income streams immediately, run your business on the main floor and live upstairs, or live in the apartment while renting the main level. This property is currently zoned commercial/multi-use and can be utilized as retail, office or apartments. It is also possible to change the zoning back to residential. Contact Lansdale Borough for more information on that process. The main level features 3 large rooms, a powder room, access to the full unfinished basement for storage and a rear entrance for direct access to the yard and garage. The apartment features a huge family room, modern kitchen, full bath and a generously sized bedroom with walk-in closet and private direct access to the yard and garage. There is also a finished, unheated loft space which can be utilized for storage. This home sits on a corner lot in the desirable downtown part of Lansdale, just a short 7 minute walk to the SEPTA station (Lansdale/Doylestown Line), and only 5 minutes to Jefferson-Lansdale Hospital. Walk to coffee at Backyard Beans, or Starbucks, enjoy one of the many eateries like White Jasmine Tai Cuisine, New Station Pizza or Montella’s Sports Bar or sample the offerings at Boardroom Spirits Distillery. Both units are currently vacant and available for immediate occupancy. Buyer responsible for verifying potential uses and zoning. Check out this flexible opportunity to live and rent, live and work, or invest in up-and-coming Lansdale!

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyMontgomery
  • Taxes$4,802
  • HOA/Condo/Coop Fees$0
  • Days on Site36 Days
  • MLS StatusActive Under Contract
  • MLS ID NumberPAMC2093736
  • Home Size Source Assessor
  • Year Built1920
  • Lot Size0.08 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Style Straight Thru
  • Construction Brick
  • Parking Asphalt DrivewayDetached Garage
  • Sewer Public Sewer
  • Number of Stories 2
  • Acreage 0.08
  • Water Public
  • Zoning COMMERCIAL
  • Cross Street S Chestnut
  • Property Sub Type Duplex
  • Garage Spaces 2
  • Attached Garage No
  • Foundation Stone

Interior Features

  • Cooling Central A/ CElectric
  • Heating Forced AirBaseboard - ElectricOil
  • Appliances StoveOven/ Range - ElectricRefrigeratorDishwasher
  • Flooring Carpet
  • Interior Additional StairwayPrimary Bath(s)Recessed LightingStore/OfficeCeiling Fan(s)
  • Fireplace No

Exterior Features

  • Spa No
  • Waterfront Property No

Community Features

  • MLS Area Lansdale Boro (10611)

Schools

School District
NORTH PENN
Elementary School
Unknown
Middle School
Unknown
High School
NORTH PENN

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Monthly Payment (Est.)

$1,398
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