5529-31 Lansdowne Ave Philadelphia, PA 19131

Property Details for 5529-31 Lansdowne Ave

Property size

2,433 SF

Property type

Specialty properties

Property subtype

Land

Description

Exceptional opportunity to acquire a mixed-use property in Philadelphia's Carroll Park neighborhood. This unique offering encompasses a thriving coin-operated laundromat, a spacious one-bedroom apartment, and two adjacent vacant lots. The laundromat, built in 2008 and renovated in 2010, boasts 34 dryers and 26 washers, all stainless steel, generating an average monthly income of approximately $7,000 from coin machines alone. Additional revenue streams are derived from the sale of laundry supplies. The laundromat features tile floors, ample natural light, a small office, and a half-bathroom. The apartment unit includes a full bathroom, updated kitchen with granite countertops and appliances, and tile floors throughout. A fenced driveway accommodates two cars, and the adjacent lots offer additional parking potential (approximately 8-10 cars). All major appliances and the rubber roof were installed between 2008 and 2010. The property includes video surveillance. The apartment unit, if rented, could generate an additional $1,050-$1,250 monthly rental income. Monthly operating expenses include water, electricity, gas, trash, sewer, and internet. Annual expenses include insurance and property taxes. The property is being sold as-is, where-is. The location offers convenient access to public transportation, shopping, dining, and major universities, including Drexel University and the University of Pennsylvania. The property presents a compelling investment opportunity with potential for redevelopment of the adjacent lots. The total square footage is 2,433. The asking price is $499,900.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Longitude

-75.2329

Latitude

39.977