100 Wilson St - Apartments FOR SALE


Montrose, PA 18801
$2,458,920 USD
484-357-6924
100 Wilson St, Montrose, PA for Sale
$2,458,920 USD
Apartments - FOR SALE
1/15
null | 8.1% Cap Rate

100 Wilson St
Montrose, PA 18801


HIGHLIGHTS

  • FULLY LEASED, CORPORATE RENTAL PROPERTY

OVERVIEW

The Wilson Street Apartments consists of two buildings containing 6 two-bedroom apartments and 1 three-bedroom unit. The buildings and units are in excellent condition, offer abundant off-street parking and include washer/dryer for tenant use. Montrose is located in the center of the Marcellus Shale region and the heart of natural gas & fracking industry. This property has been consistently been a primary rental location for several of the largest gas companies & their contractors at well above market rents due to limited housing in the region. New ownership can continue with the owner’s successful model which includes fully furnished units, a service providing linens, cleaning and other tenant amenities and a nightly / weekly leasing model which is well-suited to the gas industry. A new owner can also elect to shift to a more traditional leasing model. The Seller also owns The Evergreens at 379 S Main Street and 1405 Heart Lake Road, both located in the Montrose area, fully-leased and also available for purchase. The list pricing for this property has been established from an average of the past 3 years NOI to create a strong investment opportunity with the existing full service operational modeI. Multi-year rental financial reporting available upon request.

FOR SALE DETAILS

PRICE

$2,458,920 USD

PRICE/SF

$615 USD /SF

# OF UNITS

7

PRICE/UNIT

$351,274

CAP RATE

8.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wilson St. Apts - corporate rental property

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

-

APN/PARCEL ID

124.17-1-045.00-000

ASK ABOUT THIS PROPERTY

Peter AdamsBerkshire Hathaway Fox & Roach - MacungieMore Info
484-357-6924

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Peter AdamsBerkshire Hathaway Fox & Roach - MacungieMore Info
484-357-6924

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