216 Penn St - Apartments FOR SALE


Bath, PA 18014- Bath Historic District
$2,875,000 USD
610-972-8542
216 Penn St, Bath, PA for Sale
$2,875,000 USD
Apartments - FOR SALE
1/7
null | 1% Cap Rate


HIGHLIGHTS

  • Totally remodled
  • High end apartments
  • 12 Modern apartments with separate utilites

OVERVIEW

This First class converted schoolhouse offers twelve upscale apartments in a maintenance-free brick building designed for modern living and long-term investment potential. The property includes six spacious two-bedroom units, five one-bedroom units, and one efficiency, each thoughtfully designed with high-end finishes. Kitchens feature granite countertops, tile backsplashes, and upgraded appliances, while luxury vinyl plank flooring and tile baths add sophistication throughout. Open floor plans with exposed ductwork, eight-foot ceilings, and oversized windows with deep sills create bright, elegant spaces filled with character. Every apartment is equipped with its own heat pump and air conditioning, ensuring comfort and efficiency. The landlord provides water, sewer, trash, snow removal, lawn care, and off-street parking, while on-site laundry facilities offer convenience and the potential for additional income. Centrally located in Bath, Pennsylvania, the property is within walking distance to local shops and eateries, and just five miles from Route 22, making commuting simple. With its low cost of ownership, modern upgrades, and strong rental demand, this property presents an exceptional opportunity for investors seeking stable returns and room for rent growth.

FOR SALE DETAILS

PRICE

$2,875,000 USD

PRICE/SF

$184 USD /SF

# OF UNITS

12

PRICE/UNIT

$239,583

CAP RATE

1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

East Main St Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

MI

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jason KocsisHome Team Real EstateMore Info
610-972-8542

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

Jason KocsisHome Team Real EstateMore Info
610-972-8542

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