315 E ESSEX AVENUE, Lansdowne, PA 19050
Duplex in Lansdowne, both units occupied by tenants.
- Added:
- Sep 5, 2024
- Days on Market:
- 673
- Last Refresh:
- Apr 5 at 10:53 pm
Property Features for 315 E ESSEX AVENUE
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1940
Listing office Exit Realty Everyday (631) 312-3339
Listing date Sep 5, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Exit Realty Everyday
HighLights
- Approved short sale at listed price.
- Both units are occupied by tenants.
- Tenants are paying on time consistently.
- Opportunity for investors.
- Year Built: 1940.
- Subject to final bank approval.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.9k | $18.00 |
| − Vacancy | −$3.4k | −$2.34 |
| EGI | $22.5k | $15.66 |
| − OpEx | −$6.8k | −$4.70 |
| NOI | $15.8k | $10.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lansdowne
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.26637
- Latitude
- 39.945454
