3181/2 W MAIN ST, Lansdale, PA 19446
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Well established commercial/residential income property producing a 9.68% cap...
Well established commercial/residential income property producing a 9.68% cap rate! 5 apartments and a street level store front all with great tenants. The apartments have been upgraded with new kitchens, baths, and windows. Main street entrance for apt 5 and back street entrance for apts 1-4. The store front is occupied by a popular nail salon. A great investment property ready to be yours within walking distance to the train, bus, restaurants,and shops. Street parking for all tenants. Low maintenance, easy to manage. Tenants pay for water, sewer, electric, and heat. Landlord pays for gas (hot water) and trash. Retail is approx 1108 sq ft, Apts approx 3692 sq ft, Storage area approx 1080 sq ft. The storage room has hook ups for a laundry facility that could be developed.
Last Updated: October 8, 2012
Posted: June 6, 2012