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44-46 Runnemede Ave. Lansdowne, PA 19050 $499,970 approx $2,994/mo (based on 10 % down) *MOL

Just Hugely Reduced this 11 UNIT apartment building is in the beautiful Lansdowne Park National Historic District. Originally built as attached Victorian twins and eventually converted to apartments: 10 1-Bedroom units (all rented) plus 1 2-bedroom (owners unit). 2-bedroom unit has central air, eat-in Kitchen and separately zoned heat and electric. Landlord provides heat and hot water; electric for 9 units. Great location 2 blocks to train station; 15 minutes to Center City and Airport and Blue Route.  Gross Annual Income: $85,740  Annual Expenses: $38,564  Net Operating Income: $47,176  Cap Rate: 7.15  Call Mike Carpenter for additional infomation 610 405 7568 or e mail carpenterteam@kw.com

County: Delaware Lot Size: 100 X 140 Bedrooms: 11 Full Baths: 11 Built: 1893 MLS: 5199767

Property Type: Commercial Style: Victorian Roof: Shingle Level(s): 3 Floors: Hardwood Living Areas: 11 Basement: Full Parking: Yes Appliances: Included Lot: Level, Corner Neighborhood: Historic District Distance to Transit: 1 Block to bus, 2 blocks to Train