435 W Main St - Apartments FOR SALE


Pen Argyl, PA 18072
$1,750,000 USD
435 W Main St, Pen Argyl, PA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/23
null | 8.31% Cap Rate

435 W Main St
Pen Argyl, PA 18072


OVERVIEW

8-Unit Apartment Building including 6 garages and 10 storage units for Sale – Prime Investment Opportunity in Pen Argyl! Exceptional opportunity to own a well-maintained multifamily property in the heart of Pen Argyl’s desirable Slate Belt region. This strong income-producing asset generates a gross annual income of $172,620 with a net operating income of $145,509 and an impressive 8% cap rate, offering excellent long-term cash flow potential and investment stability. The property features eight spacious 2-bedroom, 1-bath apartments with strong rental demand. Several units offer hardwood flooring in the living rooms and bedrooms, adding warmth and character throughout, while many units have been completely remodeled with updated finishes that enhance tenant appeal. Recent capital improvements include a new heating system, new sump pump, and new hot water heater, helping minimize future maintenance costs and providing peace of mind for investors. Owner currently pays heat and hot water, offering added value for residents. Additional income opportunities come from the property’s 6 garages and 10 storage units, providing added convenience for tenants and increased revenue potential. A large basement storage area further enhances the property’s functionality and appeal. Conveniently located near shopping, schools, and major commuter routes, this turnkey multifamily investment is ideal for both seasoned investors and those looking to expand into the apartment market. Don’t miss this outstanding opportunity to own a solid, cash-flowing asset with upside potential in a growing rental market.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$113 USD /SF

# OF UNITS

8

PRICE/UNIT

$218,750

CAP RATE

8.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,737 SF

ZONING

R78

APN/PARCEL ID

E8NE3A-2-4-0625

ASK ABOUT THIS PROPERTY

Loren KeimCentury 21 Keim RealtorsMore Info

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Loren KeimCentury 21 Keim RealtorsMore Info

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