$350,000
$350,000
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3,146 SqFt
SOLD DATE : 10/31/2024
Key Details
Sold Price $350,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,146 sqft
Price per Sqft $111
MLS Listing ID PADE2074756
Sold Date 10/31/24
Style Traditional
Abv Grd Liv Area 3,146
Originating Board BRIGHT
Year Built 1936
Annual Tax Amount $14,694
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 50.00 x 140.00
Property Description
BACK ON MARKET!!! Investors Alert!!!! Discover the perfect blend of charm, functionality, and investment potential at 56 W Albemarle Ave, Lansdowne. Whether you’re an investor seeking a solid multi-unit property or a live-in landlord envisioning the ease of owning rental units, this purpose-built quadplex offers everything you need for long-term success. Unlike converted properties, this building was designed from the ground up to be a four-unit residence, ensuring thoughtful layouts and utility metering for each tenant's comfort and your peace of mind.
As you approach this well-maintained building on a quiet, tree-lined street, you’ll immediately notice the attention to detail and care put into the property. Step inside to a welcoming shared entryway that leads to four spacious, light-filled units, each designed to offer both comfort and functionality. Picture tenants or yourself settling into one of the bright living rooms, with ample space for relaxing, entertaining, or working from home. Each unit features a generous bedroom, providing a tranquil retreat at the end of the day, along with a fully-equipped bathroom and a large eat-in kitchen—a space where renters can easily imagine gathering for meals or hosting friends.
The convenience continues with dual access points for each unit, giving tenants their own private rear entrance in addition to the front entry, making comings and goings seamless and private. Downstairs, the basement offers shared coin operated laundry facilities and extra storage space, adding even more appeal to prospective tenants who value convenience.
For the investor, this property is a dream: each unit is separately metered for electric, gas, and hot water, meaning tenants are responsible for their own utilities, reducing your overhead costs and streamlining management. The back of the property features a spacious parking area, an added benefit that tenants will appreciate, and a 4-car detached garage that offers additional income potential through rental opportunities (all garages currently rented).
Located just moments from parks, restaurants, major thoroughfares, and easy access to both Center City Philadelphia and Philadelphia International Airport, this property is perfectly positioned to attract long-term renters. While some units may benefit from minor updates, the building is in excellent condition and ready for its next owner to take it to the next level.
Whether you’re looking to grow your investment portfolio or live in one unit while renting out the others, 56 W Albemarle Ave offers you flexibility and stability and is one of Delaware County’s most desirable quadraplexes currently available. Don’t miss out on this chance to own a piece of Lansdowne—CASH & CONVENTIONAL offers ONLY.
Envision the possibilities, and take the first step toward making this quadplex your own. Reach out today to schedule a viewing!
Location
State PA
County Delaware
Area Lansdowne Boro (10423)
Zoning R-40 FOUR FAMILY
Rooms
Basement Unfinished, Walkout Stairs, Windows
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Flooring Hardwood, Laminated
Fireplace N
Heat Source Natural Gas
Exterior
Exterior Feature Balconies- Multiple
Parking Features Garage - Rear Entry
Garage Spaces 8.0
Water Access N
View Garden/Lawn, Street
Roof Type Architectural Shingle
Street Surface Paved
Accessibility None
Porch Balconies- Multiple
Road Frontage Boro/Township
Total Parking Spaces 8
Garage Y
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District William Penn
Others
Tax ID 23-00-00085-00
Ownership Fee Simple
SqFt Source Assessor
Security Features Carbon Monoxide Detector(s),Smoke Detector
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Shawn Quinn • Realty Mark Associates-CC
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