12 W Mount Vernon Street
Lansdale, PA 19446

Great investment opportunity in Lansdale. This charming Triplex is fully occupied by long term tenants. Common front entrance. The main level apartment offers a huge bedroom, hallway bathroom, living room, kitchen and heater back porch (presently used for sleeping).The main level has inside access to the basement for use of storage room and laundry hookups. The first floor has been rented since 2010 for $775 per month, this tenant maintains the grass and pays for electric and gas heating. The large second floor apartment consists of a foyer, bathroom, eat in kitchen, living room, office and large bedroom with built-ins. This apartment has been rented since 2003 for $700, the tenant pays for electric. The second floor gas heater has been disconnected at tenants request. The third floor apartment offers an eat in kitchen, living room, large hallway bathroom and bedroom. This apartment has been rented since 2015 for $670. The tenant pays for electric and gas. The property needs some TLC and will be sold as-is. Needed improvements include ( but not limited to) window replacement, bathroom repairs in all three units, 2nd floor heater, 2nd floor stove. Some original charm still present. Rents are well below market value but tenants would love to continue renting.