150 E Main St

Lansdale, PA 19446 View Map $325,000 Schedule a Tour
Sq.Ft.1,806
Year1920
The Essig Team

The Essig Team

(410) 927-1008

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150 E Main St Lansdale $325,000 1806  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! Montgomery PA   twin/semi-detached for sale  0.08
Status: Pending
Property Type:Twin/Semi-Detached
MLS #:PAMC2089746
Sq. Feet:1,806
On Site:26 Days
Lot Size:0.08 Acres
County:Montgomery

Listing Office

Office:Keller Williams Real Estate - Allentown
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!

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:150 E Main St, Lansdale, PA 19446
Area:Lansdale Boro (10611)
County:Montgomery
City:Lansdale
School District:North Penn
Zip Code:19446

Architecture

Year Built:1920
Style:Colonial,Traditional
Construction: Brick
Roof: Asphalt
Foundation: Block, Concrete Perimeter, Stone
Basement Type: Outside Entrance, Unfinished

Features / Amenities

Appliances: Cooktop, Oven - Single
Flooring: Carpet, Hardwood
Exterior Features: Fire Escape
Patio And Porch: Porch(es)
Sub Structure Types: Above Grade, Below Grade
Garage: Garage - Rear Entry
Garage Spaces: 1
Garage SQFT: 240
Cooling: Central A/C, Window Unit(s)
Cooling Fuel: Electric
Heating: Baseboard - Electric, Radiator
Heating Fuel: Natural Gas, Electric
Hot Water: Natural Gas, Electric

Property Features

Lot Size: 0.08 Acres
Lot Dimensions:22.00 x 0.00 Sq. Ft.
Parking Types: Detached Garage, On Street, Off Street
Parking Included In List Price: No
Off Street Parking - # of Spaces: 2
Electric Service: 100 Amp Service
Sewer: Public Sewer
Water: Public
Transportation: Bus Stop less than 1 mile, Commuter Rail Station less than 1 mile
Municipality: LANSDALE BORO
Zoning:1108 RES
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.

Tax and Financial Info

Total Taxes: $4,711 (paid Annually)
Tax Year: 2022
School Tax: $3,363
Owner Pays: Common Area Maintenance, Electricity, Insurance, Lawn/Shrub Care
Ownership Type: Fee Simple
Homeowners' Assoc.: No
City Tax Rate: $822.00 (Annually)
County Tax Rate: $480.00 (Annually)
Acceptable Financing: Cash, Conventional, FHA 203(k)

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150 E Main St Lansdale,  PA 19446
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150 E Main St Lansdale, PA 19446
 
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Listing Information Last Updated 2/29/2024
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