Homes for sale - 5501 LANSDOWNE AVE, Philadelphia, PA 19131

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Edward Rogers

edrogers@honestrealestate.com +1(267) 231-7212

Listed by Jennifer L Bennett • Perfect Place Real Estate Co.

$ 479,900

Est. payment | -/mo

2,086 Sqft Lot

Save

$ 479,900

Est. payment | -/mo

Save

2,086 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision West Philadelphia

MLS Listing ID PAPH2537582

Year Built 1915

Annual Tax Amount $3,064

Tax Year 2024

Lot Size 2,086 Sqft

Acres 0.05

Lot Dimensions 20.00 x 101.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Imagine a bustling corner property in West Philadelphia, strategically upgraded and brimming with income potential. This isn't just a building, it's a smart investment opportunity. At a sprawling 4,191 square feet, this property features targeted improvements that add immediate value. On the ground floor, a well-established barbershop thrives and would like to stay. With its dedicated waiting area, barber parlor, and storage space, it's a cornerstone of the community. In the back, a one-bedroom apartment has been upgraded with new windows. The second-floor front unit is currently tenant-occupied, offering flexible space that could accommodate a two- or three-bedroom configuration with its own kitchenette and full bathroom. The real showstopper is the fully renovated second-floor rear apartment – completely upgraded with new floors, a modern kitchen, and abundant closet space for excellent storage. This one-bedroom unit offers steady income with a month-to-month lease. The third floor presents an exciting opportunity – currently a shell space that needs to be fitted out, but the possibilities are endless. This expansive area can be transformed into one spacious three-bedroom apartment, divided into two comfortable studios, or even creatively configured as three separate units. Buyers can use their creativity and resources to generate significant additional income from this flexible space. The building fire alarm system was certified. The electrical system was updated. Separate utilities for each unit keep things simple, and the extra-large basement with outside access hints at even more possibilities (verification recommended). With strategic upgrades already completed and established tenants in place, you're purchasing a property with immediate cash flow and upside potential. The convenient location is near transportation, schools, and shopping. 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 income-producing West Philadelphia property awaits your final transformation.
Don't miss out – all offers will be presented.

Location

State PA

County Philadelphia

Area 19131 (19131)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Forced Air, Hot Water, Radiator

Cooling None

Flooring Laminated

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Flat

Accessibility None

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871053100

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional, Private

Listing Terms Cash, Conventional, Private

Financing Cash,Conventional,Private

Special Listing Condition Standard

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(267) 231-7212

edrogers@honestrealestate.com

12320 Academy Rd, Philadelphia, Pennsylvania, 19154, USA

5501 LANSDOWNE AVE Philadelphia, PA 19131