10 Chesapeake St - Apartments FOR SALE


Lyndora, PA 16045
$489,000 USD
301-529-9025
10 Chesapeake St, Lyndora, PA for Sale
$489,000 USD
Apartments - FOR SALE
1/1
null | 5.49% Cap Rate

10 Chesapeake St
Lyndora, PA 16045


HIGHLIGHTS

  • Building in excellent condition.
  • Value add potential.

OVERVIEW

Presenting a versatile commercial property at 10 Chesapeake Street in Lyndora, PA, this two-story brick building offers a unique investment opportunity. The ground floor features a spacious retail storefront, ideal for various business ventures, while the upper levels house multiple residential units, providing potential for rental income. Situated in a high-visibility area with convenient access to local amenities, this property is perfect for investors or owner-operators seeking a blend of commercial and residential spaces. 6 apartment units plus 1 commercial unit currently rented to the owner’s construction business. Apartments are all 2BR/1BA. Apartment rents are BELOW market. This has value add potential. Building is in great shape. Owner operates his business currently in the first floor space and intends to vacate upon sale. Business is available for sale. For more info on the business please contact the agent. Apartments are separately metered for utilities. Apartment Rents: Unit 1 - $550/month Unit 2 - $500/month Unit 3 - $650/month Unit 4 - $575/month Unit 5 - $690/month Unit 6 - $480/month

FOR SALE DETAILS

PRICE

$489,000 USD

PRICE/SF

$52 USD /SF

# OF UNITS

6

PRICE/UNIT

$81,500

CAP RATE

5.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Chesapeake Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,330 SF

ZONING

Commercial

APN/PARCEL ID

052-37-A224-0000

ASK ABOUT THIS PROPERTY

Cory J. HoffmanCommercial Real Estate AdvisorsMore Info
301-529-9025

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Cory J. HoffmanCommercial Real Estate AdvisorsMore Info
301-529-9025

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.