159 W BERKLEY AVE Lansdowne, PA 19050

Here is a rare and incredible opportunity to own a fully rented QUADPLEX w/ 2 garages in one of the most beautiful areas of picturesque and popular Landsdowne Borough. Rare, because Quadplexes don't come on the market very often in this price point in this lovely neighborhood; and incredible, because this 3300'ft solid brick 2 story building is a money maker -- the units are all in good to great shape and fully UNDER RENTED NOW, so the potential to instantly make even more money is there! Perfect for an INVESTOR looking to add to his portfolio, or savvy buyer, who wants to live in one unit (with their mortgage paid for) by renting out the others three units. BUILDING DETAILS: FOUR spacious 1 bedroom, 1 full bath rental units approximately 800'ft each, all featuring extra large living rooms, galley kitchens and separate dining areas; and TWO oversized attached garages which are currently vacant but rented for $100 each in the past. Breakdown of the units: Unit D has recently been BEAUTIFULLY RENOVATED from top to bottom and has one year lease @ $1100/ mo (based on the size and condition, could potentially be increased to $1200); Units A and B are in decent shape and currently rented month-to-month with long term tenants for $750 each. (based on neighboring rents, these could easily be increased to $900/mo as-is, and more with some reno). Unit C is also in good shape and is currently being rented for $900/mo with a one year lease that expires in a few months. So between instant rent increase and garage income, this property has potential to gross 49k without picking up a hammer! Rent also includes storage units and use of the large beautiful private backyard . Tenants pay everything except cold water, sewer and common area electric. Entrance to the basement is from the side of the building where there are 4-separate storage cubicles for each tenant, additional space for oversized items as well, and laundry hookups with utility sink are available (the plan was to put coin operated W/Ds in). Separate Mechanical Room has hot water heaters and boilers each designated per unit. All water heaters replaced in the last few years, some heater replaced- and all in great shape. BRAND NEW ROOF was recently installed. This property has plenty of residential street parking and is convenient to public transportation, major highways, shops, eateries and schools. Don't let this one get away!
Make this amazing property yours today!