Skip To Content

5529-31 Lansdowne Avenue

PHILADELPHIA, PA 19131
  • $799,900
  • STATUS: Active
  • ON SITE: 37 Days
  • ID#: PAPH2312610
UPDATED: 61 min ago
$799,900
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2008
County:

School Information

Elementary School:
Middle School:
High School:

Description

RARE OPPORTUNITY to own this very unique & LARGE Mixed-Use CORNER Laundromat with 1 spacious Apartment Unit at the rear of the property in the heart of Carroll Park (West Philadelphia)! This property has been newly built in 2008 & fully renovated in 2010! 5529-31 Lansdowne Avenue ($799,900) (Tax ID# 882933280) MUST BE PURCHASED together with 5533-5535 Lansdowne Avenue large empty lots ($99,900) (Tax ID# 885020580). This spacious Laundromat is setup as a Coin Laundromat Business that consists of all stainless steel appliances (34 Dryers & 26 Washers). Take advantage of this rare opportunity before it's gone! Laundromat space has tile floors throughout with ceiling fans. Plenty of natural lights shining T/O entire Laundromat to help you save on energy bills! There is a small office area towards the back of the Laundromat. To the right of the small office is a half bathroom. This Laundromat generates averagely of about $7,000/month on the coin machines alone. Business also sells laundry detergents, softeners, laundry foldable trolley carts, etc., which these inventories are EXCLUDED from the Sale. Laundromat business opens from 7:30AM to 7:30PM, all 7 days a week. In addition, there+GGs an Apartment Unit at the rear of the building. This apartment unit is very spacious & consists of 1 good-size Bedroom, 1 Full Bathroom & Updated Kitchen! It has nice tile floors all throughout! Full Bathroom consists of tile floors & walls, sink, toilet, and stand-up shower with glass door! Kitchen has updated granite counter-top, plenty of wood cabinets, and kitchen appliances (Stove/Range & Range Hood). There are 2 utility rooms at the rear of the property. Behind the apartment+GGs kitchen is a fenced in driveway that can fit up to 2 cars. The separate LARGE Empty Lot next door to this property can fit up to about 8-10 cars, which is also fenced up. ALL Major appliances (Hot Water Heater, Commercial-Grade Hot Water Heater, Central Heater System) & Rubber Roof are installed between 2008-2010 when this building was being constructed. There are also video surveillance cameras from outside the property! Start off your new home, business or investment with this very low maintenance property! Buyer is responsible to reach out to the City for any zoning questions or use variance. IF renting out the Apartment Unit, 1 Bedroom Apartment rents can be projected to bring in around $1,050-$1,250/mo. in the area for rent! That is potentially another $12,600-$15,000 gross income that this mixed-use commercial can generate in addition to the Laundromat business. Below are some of the Business Expenses: Water ($582/mo.), Electric ($280/mo.), Gas ($586/mo.), Trash ($500/year), Sewer ($36/mo.), Comcast Cable Internet ($96/mo.); Property & Liability Insurance ($7,000/year), Property Tax ($1,909/year) . Run the existing Laundromat business & generate instant cash flows OR open up your own business! So your investment possibilities are endless w/ this very large CORNER Commercial Property! Possible Redevelopment Opportunity for the lots next door! Property is being sold strictly in AS-IS, WHERE-IS condition! Buyer is responsible for any & all repairs (if needed). Septa bus / trolley stops & public transportation are easily accessible in the area! Close to shopping centers/plazas, supermarkets, stores, gyms, restaurants, parks, & much more! Easy access to all major highways! Minutes away from Philadelphia's International Airport, Fairmount Park, Drexel Univ., Univ. of the Sciences, Univ. of Pennsylvania, Saint Joseph+GGs Univ., Center City, Philadelphia Zoo, Children+GGs Please Touch Museum, & many more! PRICED VERY COMPETITIVELY TO SELL!! Get an offer in quickly before it's gone!!!

Monthly Payment Calculator



©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-25T16:51:12.203.
www.locomusings.com/homes/146724918
Print Image

5529-31 Lansdowne Avenue PHILADELPHIA, PA 19131

  • Price: $799,900
  • Status: Active
  • On Site: 37 Days
  • Updated: 61 min ago
  • ID#: PAPH2312610
0
Beds
0
Baths
0
½ Baths
0.07
Acres
2008
Built
Neighborhood:
Carroll Park
County:
Philadelphia
Area:
19131 (19131)
Elementary School:
Edward Heston
Middle School:
Edward Heston School
High School:
Overbrook
School District:
The School District Of Philadelphia
Property Description
RARE OPPORTUNITY to own this very unique & LARGE Mixed-Use CORNER Laundromat with 1 spacious Apartment Unit at the rear of the property in the heart of Carroll Park (West Philadelphia)! This property has been newly built in 2008 & fully renovated in 2010! 5529-31 Lansdowne Avenue ($799,900) (Tax ID# 882933280) MUST BE PURCHASED together with 5533-5535 Lansdowne Avenue large empty lots ($99,900) (Tax ID# 885020580). This spacious Laundromat is setup as a Coin Laundromat Business that consists of all stainless steel appliances (34 Dryers & 26 Washers). Take advantage of this rare opportunity before it's gone! Laundromat space has tile floors throughout with ceiling fans. Plenty of natural lights shining T/O entire Laundromat to help you save on energy bills! There is a small office area towards the back of the Laundromat. To the right of the small office is a half bathroom. This Laundromat generates averagely of about $7,000/month on the coin machines alone. Business also sells laundry detergents, softeners, laundry foldable trolley carts, etc., which these inventories are EXCLUDED from the Sale. Laundromat business opens from 7:30AM to 7:30PM, all 7 days a week. In addition, there+GGs an Apartment Unit at the rear of the building. This apartment unit is very spacious & consists of 1 good-size Bedroom, 1 Full Bathroom & Updated Kitchen! It has nice tile floors all throughout! Full Bathroom consists of tile floors & walls, sink, toilet, and stand-up shower with glass door! Kitchen has updated granite counter-top, plenty of wood cabinets, and kitchen appliances (Stove/Range & Range Hood). There are 2 utility rooms at the rear of the property. Behind the apartment+GGs kitchen is a fenced in driveway that can fit up to 2 cars. The separate LARGE Empty Lot next door to this property can fit up to about 8-10 cars, which is also fenced up. ALL Major appliances (Hot Water Heater, Commercial-Grade Hot Water Heater, Central Heater System) & Rubber Roof are installed between 2008-2010 when this building was being constructed. There are also video surveillance cameras from outside the property! Start off your new home, business or investment with this very low maintenance property! Buyer is responsible to reach out to the City for any zoning questions or use variance. IF renting out the Apartment Unit, 1 Bedroom Apartment rents can be projected to bring in around $1,050-$1,250/mo. in the area for rent! That is potentially another $12,600-$15,000 gross income that this mixed-use commercial can generate in addition to the Laundromat business. Below are some of the Business Expenses: Water ($582/mo.), Electric ($280/mo.), Gas ($586/mo.), Trash ($500/year), Sewer ($36/mo.), Comcast Cable Internet ($96/mo.); Property & Liability Insurance ($7,000/year), Property Tax ($1,909/year) . Run the existing Laundromat business & generate instant cash flows OR open up your own business! So your investment possibilities are endless w/ this very large CORNER Commercial Property! Possible Redevelopment Opportunity for the lots next door! Property is being sold strictly in AS-IS, WHERE-IS condition! Buyer is responsible for any & all repairs (if needed). Septa bus / trolley stops & public transportation are easily accessible in the area! Close to shopping centers/plazas, supermarkets, stores, gyms, restaurants, parks, & much more! Easy access to all major highways! Minutes away from Philadelphia's International Airport, Fairmount Park, Drexel Univ., Univ. of the Sciences, Univ. of Pennsylvania, Saint Joseph+GGs Univ., Center City, Philadelphia Zoo, Children+GGs Please Touch Museum, & many more! PRICED VERY COMPETITIVELY TO SELL!! Get an offer in quickly before it's gone!!!
Exterior Features

Construction Materials MasonryBrickBrick FrontConcreteCopper PlumbingTile Door Features Double EntryStorm Garage YN No Location Type Corner Lot/Unit Lot Features CornerLevelRear YardSideYard(s)Additional Lot(s) Other Equipment Negotiable Parking Features FencedLighted ParkingPaved ParkingPrivateSecurity/MonitoredSurface Parking Types DrivewayOn StreetParking Lot Property Condition ExcellentVery GoodGood Riparian Rights YN No View Street Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 2433.00 Cooling Ceiling Fan(s) Exclusions ALL Store Inventory (such as detergentssoftenerssoapsetc.)Folding Laundry Basket on Wheels Foldable Utility Trolley Flooring Tile/Brick Heating Forced AirCentral Heating YN Yes Inclusions ALL in AS-IS Condition: 34 Dryers26 WashersTablesChairsLaundry CartsCoin Change Machine Net Square Feet 2433.00 Security Features Carbon Monoxide Detector(s)Exterior CamerasSmoke DetectorWindow Grills

Property Features

Acceptable Financing CashConventional Accessibility Features No StairsLevel Entry - Main Annual Gross Expense 21372.00 Assessment Year 2023 Business Type OtherOther/General Retail Central Air YN No Cooling Fuel Electric Cross Street N. Allison Street Electric Circuit Breakers Electric Average Monthly 280 Electric Expense 3360.00 Electric Last12 Months 3360.00 Foundation Details Brick/Mortar Gross Income 84000.00 Ground Rent Payment Frequency Annually Heating Fuel Natural Gas Historic YN No Hot Water 60+ Gallon TankNatural Gas Insurance Expense 7000.00 Lease Considered YN No Municipality PHILADELPHIA Navigable Water YN N Net Operating Income 62628.00 New Construction YN No Number Of Units Total 1 Operating Expense 1781.00 Operating Expense Includes ElectricInsuranceWaterOther Original MLSNumber 802814667536 Other Expense 8568.00 Owner Pays All UtilitiesElectricityGasHeatInsuranceTaxes - Real EstateWater Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 1909.00 Tax Assessment Amount 136400.00 Tax Lot 73N2 Transportation Airport less than 10 milesBus Stop less than 1 mileMetro/Subway Station less than 1 mile Trash Expense 500.00 Utilities Electric AvailableNatural Gas AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Year Built Effective 2010 Zoning CMX2

Listing courtesy of Century 21 Advantage Gold-South Philadelphia: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-25T16:51:12.203.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802814667536-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802814667536-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802814667536-2.jpg
Logo
LoCoMusings | Century 21 Redwood Realty
540 Fort Evans Road Suite 303
Leesburg VA, 20176