148 East Main Street

Lansdale, PA 19446

$448,000
Last Sold Price
Beds
1,722 Sq. Ft.
$260 / Sq. Ft.
1,722
Sq. Ft.
$260
per Sq. Ft.

Description

Welcome to this great opportunity to own 2 prime rental buildings in the heart of sunny downtown lansdale. One of the units are vacant so you may pick a new tenant of take advantage of the financial advantages of owner occupancy! These properties are situated with immediate access to public transportation including train access to Doylestown, Phila (and the Phila Airport), NYC, Washington and the world! 148 and 150 E Main St are 2 adjacent twins that can be bought separately or as a package. They...Welcome to this great opportunity to own 2 prime rental buildings in the heart of sunny downtown lansdale. One of the units are vacant so you may pick a new tenant of take advantage of the financial advantages of owner occupancy! These properties are situated with immediate access to public transportation including train access to Doylestown, Phila (and the Phila Airport), NYC, Washington and the world! 148 and 150 E Main St are 2 adjacent twins that can be bought separately or as a package. They are on 2 separate deeds. 148 E Main: This side of this great opportunity boasts 3 units. Two of which are in the main structure and the third being a separate unit behind the main structure. All 3 units have differing degrees of updates. They are all functional and in live in ready/rentable condition. Unit 1 (ground floor) is a 1 bedroom with a front and rear entrance and access to the basement. It has a 4-5 year old gas furnace and central air. Tenant pays the gas and electric. The landlord pays the water. Unit 2 (second floor) is a 1 bedroom with a finished attic with 2 additional rooms (for safety reasons, the township does not allow for these rooms to be rented as a bedroom). It has electric baseboard heat and no central air. The owner pays the water and the tenant pays the electric. Unit 3 is a separately functioning 2 story, 1-2 bedroom rental, detached from the main structure but attached to a storage room (which is on the 150 E Main St side) This storage room was a functioning garage and now has smaller doors (too small for a car) with access from the alley and backyard. This unit has oil heat, Welectric hot water, no central air and no basement. It also has a functioning wood burning fireplace and it has its own separate water meter. Both units 1 and 3 are occupied by tenants that have been living in these units for over 15 years (these rents are approximately $725/mo (extremely low and way below market value).
150 E Main: This is a fully rented 2 unit with tenants that have resided there for over 15 years. Both units are occupied as 1 bedroom apartments and rents are approximately $725/mo (well below market value). Unit 1 is on the ground floor. It is heated by a new gas furnace and no central air. It has front and rear access. Unit 2 is on the second floor. It has electric heat and attic access. The owner pays for water for both units 1 and 2. The tenants in both 148 and 150 Main Sts are month to month and pay their rents on time. All tenants wish to remain. Both properties have varying degrees of new roof repairs and newer roofs. Any water stains on ceilings were prior to roof repairs and roof replacements. Wether you purchase 148 or 150 E Main St or both, this offering presents you with great returns in a prime/easily rentable location. Please remember that when touring these great properties, all units-except for the second floor of 148 E Main are occupied. All tenants are would prefer to stay and are expecting rent increases. Schedule your tours today!
  1. Listed by Nathan Guttman • Keller Williams Real Estate - Allentown
    P: 6104353650 guttmanteam@gmail.com

Property Details for 148 East Main Street

Tax ID Number
11-00-10396-006
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Colonial, Traditional
Waterfront
No
Garage
No
Expected On Market Date
11-28-2023
Municipality
LANSDALE BORO

Location

Listing Courtesy of Keller Williams Real Estate - Allentown

Sold By EXP Realty, LLC

Add your commute
LISTING UPDATED: 04/24/2024 02:09 PM

Property Details for 148 East Main Street

StatusClosed
MLS #PAMC2089744
Days on Market90
Taxes$5,943 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.10 AC / 4,300 SF
CountyMontgomery County

Location

Listing Courtesy of Keller Williams Real Estate - Allentown

Sold By EXP Realty, LLC

Add your commute

Building Information for 148 East Main Street

Stories-Residences3Year Built1920Building Size-Lot Size0.10 AC / 4,300 SF

Payment Calculator

$2,940 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,445

Property Taxes

$495

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 148 East Main Street

Location
Location
  • School District Name: NORTH PENN
  • School District County ID: 300200397039
  • SchoolDistrictSource: Listing Agent
  • County: MONTGOMERY
  • MLS Area: Lansdale Boro (10611)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $143,180
  • Year Assessed: 2023
  • County Tax: $606
  • Improvement Assessed Value: $0
  • City Town Tax: $1,038
  • Land Assessed Value: $0
  • Clean Green Assessed: No
  • Land Use Code: 1108
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: 1108 RES
  • Zoning Dscrp: 1108 Res: More Than 1 House, Det, multi units.
  • Tax Lot: 23
  • School Tax: $4,243
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Common Area Maintenance, Insurance, Lawn/Shrub Care, Pest Control, Repairs, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Units Furnished: None
  • Units Leased Count: 2
  • Number Of Units Vacant: 1
  • Number Of Units Month To Month: 2
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense Includes: Insurance, Snow Removal, Trash
  • Water Avg Month: $80
  • Water Prev 12 Months: $960
  • Electric Avg Month: $10
  • Electric Prev 12 Months: $120
Financial Information
  • Existing Lease Type: Month to Month
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 29.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 608921
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Interior Features: Dining Area, Floor Plan - Traditional, Wood Floors
  • Fireplace: Yes
  • Fireplaces Count: 1
  • Appliances: Oven - Single, Water Heater
  • Accessibility Features: 2+ Access Exits
Exterior Features
Exterior Features
  • Spa: No
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C, Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Radiator
  • Heating Fuel: Natural Gas
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: Circuit Breakers, 100 Amp Service
Confidential Data
Listing Office
  • List Agent AOR: Greater Lehigh Valley Association of REALTORS

Property History for 148 East Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 148 East Main Street

Taxable ValueLand$41,410Additions$101,770Total$143,180
Tax Record2023$6,023 ($502 / month)
Home Facts
Baths3Total Finished SqFt1,722 SqFtAbove Grade Finished SqFt1,722 SqFtStories3Lot Size4,300 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920ZoningBCountyMONTGOMERYAPN11-00-10396-00-6

Schools near 148 East Main Street

This home is within North Penn School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 9
Public - 10 to 12
Private - PK to 8
Rating
School
Distance
York Avenue El School
PublicK to 6

Penndale Middle School
Public7 to 9

North Penn Senior High School
Public10 to 12

Mater Dei Catholic School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Real Estate - Allentown

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.