31 Main St - Apartments FOR SALE


Glen Rock, PA 17327
$675,000 USD
919-208-4197
31 Main St, Glen Rock, PA for Sale
$675,000 USD
Apartments - FOR SALE
1/37
null | 7.24% Cap Rate

31 Main St
Glen Rock, PA 17327


HIGHLIGHTS

  • no parking on site free parking across the street

OVERVIEW

Welcome to this 7 Unit cash cow investment property in the heart of Glen Rock Borough. Situated on the Heritage Rail Trail, this property really shines inside and out. This exceptionally well-kept turnkey property is 100% professionally managed from day 1 and runs at a cap rate of 7.2% with annual rental income of $77,700 which includes utilities reimbursements and pet fees. A great portfolio add for investors of all levels. PLEASE DO NOT MISS reviewing the additional documents regarding income/expenses/rents/unit details/Improvements/utilities/meters etc. The property consists of 6 residential units and one 4,000 sq ft commercial storage space with huge exposure display windows. All of the units are rented except the commercial space which the owner uses currently. The commercial space can currently be used only for storage but can be converted to suit your needs. Please contact Glen Rock Borough for more information. There is no basement and the property is built slab on grade. Lots of parking available for tenants across from the building in the public parking lot. No washer/dryer hookups in the units, so owner could generate more revenue by adding laundry and tenant storage in the first-floor commercial space. All photos are from before the tenants moved in. There is no sign at the property. Please do not disturb tenants or make unsolicited inquires with them. Seller is consolidating businesses and hence selling. -Please review information in this ad -Rents, expenses, unit details provided -Please contact Jeff Wright at 717-797-4289 or Jeff@foundationfirstpg.com -Listing agent to be present for showings -No seller financing -This is an active MLS listing PAYK2058066 -Leases and 142 unit photos are available in the MLS listing

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$70 USD /SF

# OF UNITS

6

PRICE/UNIT

$112,500

CAP RATE

7.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

VC

APN/PARCEL ID

64-000-03-0036.00-00000

ASK ABOUT THIS PROPERTY

Kam Guptakraz4 llcMore Info
919-208-4197

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Kam Guptakraz4 llcMore Info
919-208-4197

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