5501 Lansdowne Ave

Highlights:

• Days on Market: 92
• Heating: Hot Water, Radiator, Baseboard - Electric

Description:

Corner

Step into a bustling corner property in West Philadelphia—strategically upgraded and brimming with income potential. The seller is motivated and ready to make a deal; all offers will be entertained through December 17, 2025, with the goal of securing the highest and best offer. With a sprawling 4,191 square feet, this property features targeted improvements that add immediate value. The building is approximately 90% complete—only one unit requires a full rehab, giving you the chance to add your own value and vision. 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—vacant and rent-ready, featuring new floors, a modern kitchen, and abundant closet space for excellent storage. This one-bedroom unit is ready to generate steady income right away. The third floor presents an exciting opportunity: currently a shell space that needs a full rehab. The possibilities are endless—transform it into a spacious three-bedroom apartment, divide it into two studios, or creatively configure three separate units. Bring your creativity and resources to maximize income from this flexible space. The building’s fire alarm system has been certified, and the electrical system has been 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 strong upside potential. The convenient location is near transportation, schools, and shopping. Are you a visionary investor or 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—submit your highest and best offer by 12/17/2025! All offers will be presented.

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Listing ID: 804167673610