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150 E Main Street, Lansdale, PA 19446
$320,000
150 E Main Street, Lansdale, PA 19446View this property at 150 E Main Street, Lansdale, PA 19446
150 E Main StreetLansdalePA19446
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Property Description
Note: There are no interior pictures due to transit clutter only. Each unit is in average to good condition and rent ready! Welcome to this great opportunity to own 2 prime rental buildings in the heart of sunny downtown lansdale. These properties are situated with immediate access to public transportation including train access to Doylestown, Phila (and the Phila Airport), NYC, Washington and the world! 148 and 150 E Main St are 2 adjacent twins that can be bought separately or as a package. Both 148 and 150 are on 2 separate deeds. 148 E Main: This side of this great opportunity boasts 3 units. Two of which are in the main structure and the third being a separate unit behind the main structure. All 3 units have differing degrees of updates. They are all functional and in live-in ready/rentable condition. Unit 1 (ground floor) is a 1 bedroom with a front and rear entrance and access to the basement. It has a 4-5 year old gas furnace and central air. Tenant pays the gas and electric. The landlord pays the water. Unit 2 (second floor) is a 1 bedroom with a finished attic with 2 additional rooms (for safety reasons, the township does not allow for these rooms to be rented as a bedroom). It has electric baseboard heat and no central air. The owner pays the water and the tenant pays the electric. Unit 3 is a separately functioning 2 story, 1-2 bedroom rental, detached from the main structure but attached to a storage room (which is on the 150 E Main St side). This storage room (Behind the main structure of 150) was a functioning garage and now has smaller doors (too small for a car) with access from the alley and backyard. Unit 3 (of the 148 property) has oil heat, Electric hot water, no central air and no basement. It also has a functioning wood burning fireplace and it has its own separate water meter. Both units 1 and 3 are occupied by tenants that have been living in these units for over 15 years (these rents are approximately $725/mo (extremely low and way below market value). 150 E Main: This is a fully rented 2 unit with tenants that have resided there for over 15 years. Both units are occupied as 1 bedroom apartments and rents are approximately $725/mo (well below market value). Unit 1 is on the ground floor. It is heated by a new gas furnace and no central air. It has front and rear access. Unit 2 is on the second floor. It has electric heat and attic access. The owner pays for water for both units 1 and 2. The tenants in both 148 and 150 Main Sts are month to month and pay their rents on time. All tenants wish to remain. Both properties have varying degrees of new roof repairs and newer roofs. Any water stains on ceilings were prior to roof repairs and roof replacements. Wether you purchase 148 or 150 E Main St or both, this offering presents you with great returns in a prime/easily rentable location. Please remember that when touring these great properties, all units-except for the second floor of 148 E Main are occupied. All tenants are would prefer to stay and are expecting rent increases. Schedule your tours today!
Full Property Details
Full Property Details for 150 E Main St
General
- Sold For: $320,000
- Taxes: $4,711 (2022)
- Status: Closed
- Type: Duplex
- MLS ID: PAMC2089746
- Added to Site: 157 day(s) ago
Interior
- Number of Rooms: 10
- Appliances: Cooktop, Oven - Single
- Flooring: Carpet, Hardwood, Other
Exterior
- Exterior Features: Fire Escape
- Porch/Patio/Deck: Porch(es)
Parking
- Garage: Yes
- Garage Spaces: 1
- Total Spaces: 3
- Parking Type: Detached Garage, On Street, Off Street
- Garage Description: Garage - Rear Entry
Location
- Area: Lansdale Boro (10611)
- Municipality: LANSDALE BORO
- County: Montgomery
- Driving Directions: FROM S VALLEY FORGE RD HEAD EAST ON MAIN AND THE PROPERTY IS ON YOUR RIGHT. FROM RT 202 HEAD WEST ON MAIN AND THE PROPERTY IS ON YOUR RIGHT.
School Information
- School District: North Penn
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric, Radiator
- Heating Fuel: Natural Gas, Electric
- Water Heater: Natural Gas, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Colonial, Traditional
- Architectural Style: Colonial, Traditional
- Structure Type: Twin/Semi-Detached
- Construction: Brick
- Basement: Yes
- Basement Entrance: Yes
- Basement Desc.: Other, Outside Entrance, Unfinished
- Foundation: Block, Concrete Perimeter, Stone, Other
- Roof: Asphalt
- Stories/Levels: 3
- Square Feet: 2,106
- Sq. Ft. Source: Estimated
- Living Area: 1,806 Sq. Ft.
- Finished Above Grnd: 1,806 Sq. Ft.
- Year Built: 1920
- Year Built Source: Assessor
- Property Condition: Good
Unit Information
- 1 Bedroom Units: 2
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,275
- Lot Size Source: Assessor
- Lot Dimensions: 22.00 x 0.00
- Zoning: 1108 RES
Financial Considerations
- Price Per Sq. Ft.: $179.96
- Assessment Year: 2023
- School Tax: $3,363
- City/TownTax: $822
- City/TownTax Freq: Annually
- County Tax: $480
- County Tax Freq: Annually
- Tax w/Assessment: $113,500
- Tax Amount: $4,711
- Tax Year: 2022
- Terms: Standard Sale
- Owner Pays: Common Area Maintenance, Electricity, Insurance, Lawn/Shrub Care
- Landlord Pays: Common Area Maintenance, Electricity, Insurance, Lawn/Shrub Care
- Tax Total Finished Sq. Ft.: 1806
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Exclusions: REFRIGERATORS, WASHER AND DRYERS AND WINDOW AC UNITS OWNED BY THE TENANTS.
- Inclusions: REFRIGERATORS, WASHER AND DRYERS AND WINDOW AC UNITS NOT OWNED BY THE TENANTS.
- Lot Number: 81
Listed by Keller Williams Real Estate - Allentown, Nathan Guttman
Sold by EXP Realty, LLC., John Bagnell
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Schools
Schools serving 150 E Main St
School District:North Penn School District
Rating | Name | Grades | Distance |
---|---|---|---|
700 York Ave, Lansdale, PA 19446 | K-6 | 0.9 mi | |
400 Penn St, Lansdale, PA 19446 | 7-9 | 0.3 mi | |
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 150 E Main St
Date
Details
Price
Change
Source
1/30/2024
Sold
$320,000
-1.54%
MLS
12/07/2023
Price Increased
$325,000
8.33%
MLS
11/28/2023
Listed
$300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
150 E Main Street, Lansdale, PA 19446 (MLS# PAMC2089746) is a Duplex property that was sold at $320,000 on January 30, 2024. Want to learn more about 150 E Main Street? Do you have questions about finding other Duplex real estate for sale in Lansdale? You can browse all Lansdale real estate or contact a Coldwell Banker agent to request more information.