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$269,900 Sale Pending
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Property Description
Imagine a bustling corner property in West Philadelphia, brimming with potential. This isn't just a building, it's a blank canvas waiting for your vision. At a sprawling 4,191 square feet, the possibilities are endless. On the ground floor, a well-established barbershop thrives. With its dedicated waiting area, barber parlor, and storage space, it's a cornerstone of the community. However, with its CMX2 Zoning, there are many possibilities for using the space. Check out the City of Philadelphia Zoning Quick Guide pages 26-27 for more details. In the back, a one-bedroom apartment currently has a month-to-month lease. Head upstairs and discover a vacant gem - a wide-open space on the second-floor front. This flexible area could be a two- or three-bedroom unit with its own kitchenette and full bathroom. In the rear, another one-bedroom unit offers steady income with a month-to-month lease. Third floor is currently an unfinished shell, this vast space is a dream waiting to happen. Imagine transforming it into a luxurious multi-bedroom apartment. Separate utilities for each unit keep things simple, and the extra-large basement with outside access hints at even more possibilities (verification recommended). Sure, the property needs some TLC, but that's the beauty of it. This is your chance to roll up your sleeves, unleash your creativity, and unlock the true potential of this West Philadelphia gem. With current rents below market value, there's room to grow your income. Plus, the convenient location near transportation, schools, and shopping ensures your tenants will love calling this place home. Are you a visionary investor or a savvy entrepreneur? If you're ready to turn potential into profit, schedule your showing today (with at least 24 hours' notice). This West Philadelphia property awaits your transformation. Buyer must confirm use. Don't miss out - all offers will be presented. Preferable sold subject to existing leases.
Full Property Details
Full Property Details for 5501 Lansdowne Ave
General
- Price: $269,900
- Taxes: $2,932 (2022)
- Status: Pending
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PAPH2358884
- Updated: 8/23/2024
- Added to Site: 149 day(s) ago
Business
- Business Type: Apartment Building, Hair Salon and Spa
Rooms
Bathrooms
- Restrooms: 6
Parking
- Parking Type: On Street
Location
- Area: 19131 (19131)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Development Name: West Philadelphia
- Subdivision: West Philadelphia
- Cross Streets: 55th St.
- Driving Directions: Lansdowne Ave to 55th Street
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, Hot Water, Radiator
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Stories/Levels: 0
- Year Built: 1915
- Year Built Source: Assessor
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 (Acres): 0.05
- Lot Size (Sq. Ft.): 2,086
- Lot Size Source: Assessor
- Lot Dimensions: 20.00 x 101.00
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $64.4
- Assessment Year: 2023
- School Tax: $1,609
- City/TownTax: $1,323
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $209,500
- Tax Amount: $2,932
- Tax Year: 2022
- Owner Pays: Management, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection
- Landlord Pays: Management, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection
Disclosures and Reports
- Ownership: Fee Simple
- Investment: Yes
- Lot Number: 46
Listed by Jennifer L Bennett
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Schools
Schools serving 5501 Lansdowne Ave
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
1621 N 54th St, Philadelphia, PA 19131 | K-8 | 0.1 mi | |
5898 Lancaster Ave, Philadelphia, PA 19131 | 9-12 | 0.5 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 5501 Lansdowne Ave
Date
Details
Price
Change
Source
7/30/2024
Price Reduced
$269,900
-6.9%
MLS
7/25/2024
Price Reduced
$289,900
-17.17%
MLS
5/28/2024
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5501 Lansdowne Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,933
12%
$209,500
100%
2018
$2,612
-1%
-100%
2020
$2,637
1%
$188,400
1%
2019
$2,612
3%
$186,600
3%
2018
$2,536
-14%
$181,200
-14%
2017
$2,934
—
$209,600
—
2016
$2,934
4%
$209,600
—
2015
$2,809
—
$209,600
—
2014
$2,809
216%
$209,600
2206%
2013
$888
—
$9,088
—
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 5501 Lansdowne Ave
5501 Lansdowne Avenue, Philadelphia, PA 19131 (MLS# PAPH2358884) is a Apartment property. 5501 Lansdowne Avenue is currently listed for $269,900 and was received on May 28, 2024. Want to learn more about 5501 Lansdowne Avenue? Do you have questions about finding other Apartment real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.