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52 E Stratford Ave
Lansdowne, PA 19050
Stratford Avenue Apartments · Multifamily Property For Sale
·
9 Units
Property Facts
| No. Units | 9 | Lot Size | 0.24 AC |
| Property Type | Multifamily | Building Size | 7,000 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1940 |
| Building Class | C | Parking Ratio | 4.28/1,000 SF |
| Zoning | C | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 7,000 SF |
| No. Stories | 3 |
| Year Built | 1940 |
| Parking Ratio | 4.28/1,000 SF |
| Zoning | C |
About 52 E STRATFORD AVE , LANSDOWNE, PA 19050
A nine-unit property consisting of (7) one-bedroom and (2) two-bedroom apartment units. The property is located in highly sought-after Delaware County, Pennsylvania. Tenants enjoy easy access to Philadelphia and its surrounding suburbs via Route 1, Baltimore Pike, Interstate-476 and West Chester Pike (Route 3). In addition, the property is within walking distance of SEPTA Regional Rail (Lansdowne Station; Media/Elwyn Line) providing direct access to Center City Philadelphia. The property is also walking distance to numerous bus lines. The overall rental market in Lansdowne has been, and is currently, very strong. Typically, the market runs at 95% occupancy or better. Recent capital projects and owner’s focus on other businesses provides a new owner not only upside in renovating the remaining kitchens and bathrooms, but an opportunity to increase NOI with a more hands-on management approach and “market” occupancy rate. Some of the capital improvements include new electrical, PVC plumbing lines, new roof over the front porch, and recent silicone coating over current silver coating on main roof.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $847.50 | - |
| 2+1 | 2 | $1,050 | - |
Property Taxes
| Parcel Number | 23-00-03139-00 | Improvements Assessment | $398,140 |
| Land Assessment | $79,190 | Total Assessment | $477,330 |
Property Taxes
