This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/35
124 W Baltimore Avenue, Lansdowne, PA 19050
$450,000
124 W Baltimore Avenue, Lansdowne, PA 19050View this property at 124 W Baltimore Avenue, Lansdowne, PA 19050
124 W Baltimore AvenueLansdownePA19050
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/35
Property Description
5 unit cash flowing apartment building. This is a rare opportunity to own a cash flowing property with that is well maintained and currently below market rents. This building is 3 one bedrooms apartments and 2 two bedroom apartments. Gross yearly revenue when fully occupied is $56,100 and that's not even up to market rates! Market rent for one bedroom is approximately $1050 and for a two bedroom $1200, that's a gross rent of $66,600. All units except for the 1st floor share utilities which is paid by the landlord. Room to improve value/cash flow by separating utilities. Front unit tenant just moved out after long term tenancy. The unit is ready for value add upgrades, don't miss this opportunity to add this cash cow to your portfolio.
Full Property Details
Full Property Details for 124 W Baltimore Ave
General
- Price: $450,000
- Taxes: $12,313 (2023)
- Status: Under Contract
- Type: Apartment
- MLS ID: PADE2063436
- Updated: 4/22/2024
- Added to Site: 35 day(s) ago
Business
- Business Type: Apartment Building
Parking
- Total Spaces: 8
- Parking Type: Parking Lot
Location
- Area: Lansdowne Boro (10423)
- Municipality: LANSDOWNE BORO
- County: Delaware
- Driving Directions: GPS
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Stucco, Other, Stone, Brick
- Stories/Levels: 0
- Year Built: 1940
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3
Unit 1
- Unit Description: Unit 1
Unit 2
- Unit Description: Unit 2
Unit 3
- Unit Description: Unit 3
Unit 4
- Unit Description: Unit 4
Unit 5
- Unit Description: Unit 5
Lot Features
- Lot Size Source: Assessor
- Lot Dimensions: 50.00 x 220.00
- Zoning: A-50
Financial Considerations
- Price Per Sq. Ft.: $106.69
- Assessment Year: 2023
- School Tax: $9,221
- City/TownTax: $2,192
- City/TownTax Freq: Annually
- County Tax: $900
- County Tax Freq: Annually
- Tax w/Assessment: $300,170
- Tax Amount: $12,313
- Tax Year: 2023
- Owner Pays: Water, Heat, Electricity
- Landlord Pays: Water, Heat, Electricity
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Investment: Yes
- Lot Number: 716-000
Listed by Realty One Group Focus, Marlon C. Belfon
Get Pre-Approved Today
Schools
Schools serving 124 W Baltimore Ave
School District:William Penn School District
Rating | Name | Grades | Distance |
---|---|---|---|
161 Ardmore Ave, Lansdowne, PA 19050 | K-6 | 0.4 mi | |
100 Green Ave, Lansdowne, PA 19050 | K-12 | 0.7 mi | |
121 Summit St, Darby, PA 19023 | 7-8 | 1.6 mi | |
Penn Wood High School
600 Cypress St, Yeadon, PA 19050 | 9-10 | 1.4 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 124 W Baltimore Ave
Date
Details
Price
Change
Source
3/25/2024
Listed
$450,000
21.62%
MLS
3/28/2022
Sold
$370,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 124 W Baltimore Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$11,551
—
$300,170
—
2022
$11,551
-33%
$300,170
—
2021
$17,346
65%
$300,170
88%
2020
$10,493
2%
$160,000
—
2019
$10,317
2%
$160,000
—
2018
$10,140
2%
$160,000
—
2017
$9,917
1%
$160,000
—
2016
$9,793
2%
$160,000
—
2015
$9,616
3%
$160,000
—
2014
$9,372
—
$160,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 124 W Baltimore Ave
124 W Baltimore Avenue, Lansdowne, PA 19050 (MLS# PADE2063436) is a Apartment property. 124 W Baltimore Avenue is currently listed for $450,000 and was received on March 25, 2024. Want to learn more about 124 W Baltimore Avenue? Do you have questions about finding other Apartment real estate for sale in Lansdowne? You can browse all Lansdowne real estate or contact a Coldwell Banker agent to request more information.