434 W Walnut St - Apartments FOR SALE


North Wales, PA 19454
$775,000 USD
646-712-7360
434 W Walnut St, North Wales, PA for Sale
$775,000 USD
Apartments - FOR SALE
1/8
null | 6.86% Cap Rate

434 W Walnut St
North Wales, PA 19454


HIGHLIGHTS

  • Well-Located Value-Add Multifamily Asset: Clear opportunity to grow rents through interior upgrades and tighter operations
  • Efficient Unit Mix: Property consists of (3) one-bedroom apartment units and (1) two-bedroom apartment unit
  • Durable Rental Demand: Anchored by the North Penn Valley job market and SEPTA rail service into Center City
  • Walkable North Wales Borough: Located on Walnut Street, steps from North Wales shopping, dining, and SEPTA regional rail station
  • Excellent Regional Access: Proximity to Routes 63, 202, and 309, and the PA Turnpike (I-476), providing easy access to King of Prussia and Center City

OVERVIEW

The Property is ideally located within the walkable, small-town borough, offering residents access to nearby shops, restaurants, and daily conveniences while sitting close to the larger job and retail centers throughout Montgomery County. 434 West Walnut consists of (3) one-bedroom, one-bath units averaging 711 square feet with average rents of $1,334 per month, and (1) two-bedroom, one-bath unit at 982 square feet with a rent of $1,625 per month. The Property caters to the local workforce renter base. The Property offers excellent upside potential with room to grow through light interior renovation, including kitchens, bathrooms, flooring, and fixtures. These improvements can be implemented at a relatively low cost and are expected to drive rent increases, allowing investors to close the gap between in-place rents and market levels as units turn over. Held by current ownership since 1973, the Property provides a long history of stability and care. Building improvements include updated electrical service (upgraded to 100-amp in 2012), as well as a high-efficiency gas boiler serving the Property's hot water and baseboard heating system. In addition, the coin-operated laundry facilities on site and a double garage provide additional income. Strategically located in Central Montgomery County, the Property benefits from excellent regional connectivity via Routes 63, 202, and 309, and the Pennsylvania Turnpike (I-476), providing access to major employment hubs throughout the Greater Philadelphia Region. SEPTA’s North Wales Regional Rail Station, offering direct service into Center City Philadelphia via the Lansdale/Doylestown Line, is within walking distance and adds a rail-commuting option that few comparable suburban assets can offer. Proximity to Lansdale and Montgomeryville offers residents an expanded mix of retail, dining, and everyday conveniences, further enhancing the Property's appeal. Historically, the Property has experienced 100% occupancy, supported by affordable rents and a convenient, walkable setting. Combined with reliable current cash flow and a straightforward path to increase rents through light renovations, 434 West Walnut Street offers investors both dependable income now and meaningful upside over time, an appealing profile for buyers looking to grow their footprint in a strong-performing suburban submarket.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

4

PRICE/UNIT

$193,750

CAP RATE

6.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Apartment Units & 2 Car Garage

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

B

APN/PARCEL ID

14-00-04316-008

ASK ABOUT THIS PROPERTY

Luke DeLucaGREAMore Info
646-712-7360

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Luke DeLucaGREAMore Info
646-712-7360

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