Rental Details
Address:
51 Nyack Avenue

Lansdowne, PA 19050, DE
  • Bedrooms: 0.0
  • Bathrooms: 0.0
  • Price: $425,000.00
  • Deposit: $0000
  • Lease: 0000
  • Pets: Yes
  • Occupied: no
  • Occupied By: Un-Occupied
Contact Information
  • Name: Lyle Sells
  • Phone: 610-202-6856
  • Email: lylesell@gmail.com

Listing Type: For 1

Property Description:

51 Nyack Avenue Lansdowne, PA 19050 Very appealing pre-war building on a huge corner lot with parking for 9 cars Lovely tenants who've been there forever (some over 20 years) Awesome walkable neighborhood Ample parking Possible to add another floor with 2 more apartments Opportunity to convert enclosed and heated balconies in each apartment into third bedroom with rent increase to at least $1200 Very under-market rents at $895 (should be at least $1000 as-is) 1st floor 2 2-bdrm/2 bath apartments with side exit outside and coin operated laundry 2nd floor 2 2 bdrm/1 bath apartments 3rd floor 2 2 bdrm/1 bath apartments and exit to the roof Income - $64,000 (Projected Income if converted to 3 bedroom units - $86,000) Expenses -$22,000 (taxes, heat, water, common area maintenance and upkeep) Price $425,000 Cash offers only Proof of assets must be presented prior to showings Serious inquiries only!!!