8 Runnemede Ave - Apartments FOR SALE


Lansdowne, PA 19050
$735,000 USD
484-947-7137
8 Runnemede Ave, Lansdowne, PA for Sale
$735,000 USD
Apartments - FOR SALE
1/11
null | 7.94% Cap Rate

8 Runnemede Ave
Lansdowne, PA 19050


HIGHLIGHTS

  • Operational Dental Practice
  • 14,000+ VPD
  • 100% Occupied Residential Units

OVERVIEW

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! 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. OPTION TO LEASE DENTAL UNIT & PURCHASE PRACTICE * Seller Financing Available

FOR SALE DETAILS

PRICE

$735,000 USD

PRICE/SF

$207 USD /SF

# OF UNITS

3

PRICE/UNIT

$245,000

CAP RATE

7.94%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dental Practice & Triplex Delaware County

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,422 SF

ZONING

GB

APN/PARCEL ID

23-00-02850-00

ASK ABOUT THIS PROPERTY

Lori LivingstoneXp Commercial, LLCMore Info
484-947-7137

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Lori LivingstoneXp Commercial, LLCMore Info
484-947-7137

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.