332 Lombard Street

Description

This is a gorgeous, Historically Designated, SEVEN (7) Apartment property, in a fabulous location. Tenants enjoy pride of place living in a beautiful building, on an historic block, freshened by the green spaces associated of St. Peter's School and Old Pine Community Center.The apartments enjoy tall ceilings, fancy curved wood and plaster details, and benefit from separate heat, freshly tiled floors and in-building laundry.This is close enough to the Delaware River to enjoy walking trails and events. It is convenient to Public Transportation and I-95. And is close enough to South Street to have easy access to restaurants, cultural venues, goods and services.This is a sweet investment property. It is easy to rent and keep rented. This is a great investment. It was last available in 1978! Do not miss this opportunity to be the new owner. The Rents are currently below market, but all leases have the possibility for termination or change in < a year. NOTES: 1. This is an Estate. There will not be a Seller Disclosure. 2. An Owner / heir and the Property Manager hold PA. REAL ESTATE LICENSE. 3. A Rent Roll is available. Request it via E-mail to the Listing Agent. Verify it is current before making an offer &/or require it and Leases with your Purchase Offer. 4. Note most Leases expire 7/31/2022, and most have a 90-day Notice period, with automatic one-year Renewal in the absence of Notice. 5. There is the possibility to combine this listing with up to 9 additional Investment Properties, all located between 3rd Street and 23rd and between Lombard and Locust Streets.. It is a package that took FIVE Decades to acquire. E-mail the Listing Agent for a complete list and details. 6. The Owner will consider a Buyer's 1031 Tax Free Exchange. 7. Buyers MUST SUPPLY PROOF OF FUNDS along with a description of payment method and preferred Timelines before being given access to any occupied units. 7. Same day showing of any vacant units and the basements are available through ShowingTime.