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29578541
29578542

8 Runnemede Ave, Lansdowne, PA 19050

LL
PA PA 336930
eXp Commercial
Listed by eXp Commercial
$645,000
119 days on market
Updated 31 days ago

Dental Practice & Triplex Delaware County

Details
APN 23-00-02850-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,548
Units 3
Cap Rate 9.05%
NOI $58,384
Occupancy 100%
Pro-Forma Cap Rate 11.28%
Pro-Forma NOI $72,740
Price per SqFt $182
Class B
Year Built 1920
Year Renovated 2020
Stories 3
Lot Size (SqFt) 14,416
Zoning GB General Business
Investment Type Owner/User
Ownership Fee Simple

Multifamily | 3 Units | Dental Practice

Marketing description

Price reduced! CALLING ALL DENTISTS! This exceptional property is positioned In Gladstone Manor section of Lansdowne – Perfectly situated on Baltimore Pike, 14,000 + VPD, public transportation—including the nearby train station -- (3) Unit Income-Producing Building. Welcome to 8 Runnemede Avenue, a legally zoned triplex in the heart of Lansdowne, PA. This well-maintained property has had a dental practice on the first floor for over 40 years! Business can be purchase separately. An average of $1,400 per unit delivering strong, turnkey cash flow from day one from the two large (2) Bedroom, (1) Bath units above. Each residence is equipped with updated HVAC, central air, separate utilities (gas and electric) which tenants pay. With updated systems and recent improvements—including new windows, roof servicing, updated kitchens and baths, this property is positioned for long-term success. —8 Runnemede Avenue offers an operational business and investment opportunity all in one place. Seller financing available.

Investment highlights

  • Recently Updated
  • Dental practice is operational! Waiting for new business owner.
  • (2) Large 2-Bedroom residential rentals - Additional Income
  • 14,000+ VPD - Located on Baltimore Pike

Listing Contacts

LL
PA PA 336930
eXp Commercial
Listed by eXp Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$58,384.00
$4,865.33/mo

Valuation Metrics

0
DSCR
9.05%
Cap Rate
9.05%
ROI

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Additional Information

Name
Lori Livingston
License
PA 336930
Brokerage Address
630 Freedom Business Center Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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