43 W Albemarle Avenue, Lansdowne, PA 19050

Property Description

Fantastic opportunity to own this beautiful and well maintained quadruplex property located on a lovely street in Lansdown Borough with a two car detached carport and newer heater! This very spacious four unit building blends old time charm and character with modern updates! The covered front patio, hardwood flooring, rear decks, pocket doors and more add to the elegance of this property. This property also offers an exceptional opportunity for investors or owner occupants. Good long term rental history. All four units are currently rented bringing in $49,800.00 in gross yearly rental income. There is also the possibility of renting out the additional two car carport with additional storage room at a future time for additional rental income. All four units are considered one bedroom units but the size and layouts of the rooms are going to impress you! The owner pays for the water but all four units have separate electric. The owner pays the heat and hot water but a new highly efficient gas heater and hot water tank were just installed in 2024. The ground floor and first floor units have their own washer & dryer set up while the second and third floor share a washer/dryer room. There is a built in wall unit air conditioner on the ground floor unit while the other tenants use their own window air conditioners for cooling. There is a separate meter for the gas stove cooking. Low maintenance exterior, updated front steps, driveway recently coated and much more! Rental License Certificate for 2026 in place. Fire escape ladder on the rear upper units. Easy access to Philadelphia International Airport, major sporting venues, regional rail line, Rt-476, University City area of Philadelphia, hospitals, shopping and the renovated Lansdowne theater! This property is being sold As-Is. Seller will order the certificate of occupancy. This property show pride of ownership!