5501 Lansdowne Ave

Highlights:

• Days on Market: 15
• Heating: Hot Water, Radiator, Baseboard - Electric

Description:

Corner

Imagine a bustling corner property in West Philadelphia, strategically upgraded and brimming with income potential. This isn't just a building, it's a smart investment opportunity. At a sprawling 4,191 square feet, this property features targeted improvements that add immediate value. On the ground floor, a well-established barbershop thrives and would like to stay. With its dedicated waiting area, barber parlor, and storage space, it's a cornerstone of the community. In the back, a one-bedroom apartment has been upgraded with new windows. The second-floor front unit is currently tenant-occupied, offering flexible space that could accommodate a two- or three-bedroom configuration with its own kitchenette and full bathroom. The real showstopper is the fully renovated second-floor rear apartment – completely upgraded with new floors, a modern kitchen, and abundant closet space for excellent storage. This one-bedroom unit offers steady income with a month-to-month lease. The third floor presents an exciting opportunity – currently a shell space that needs to be fitted out, but the possibilities are endless. This expansive area can be transformed into one spacious three-bedroom apartment, divided into two comfortable studios, or even creatively configured as three separate units. Buyers can use their creativity and resources to generate significant additional income from this flexible space. The building fire alarm system was certified. The electrical system was updated. Separate utilities for each unit keep things simple, and the extra-large basement with outside access hints at even more possibilities (verification recommended). With strategic upgrades already completed and established tenants in place, you're purchasing a property with immediate cash flow and upside potential. The convenient location is near transportation, schools, and shopping. Are you a visionary investor or a savvy entrepreneur? If you're ready to turn potential into profit, schedule your showing today (with at least 24 hours' notice). This income-producing West Philadelphia property awaits your final transformation.
Don't miss out – all offers will be presented.