7421 Sharon Mercer Rd - Apartments FOR SALE


Mercer, PA 16137
$1,000,000 USD
724-866-4496
7421 Sharon Mercer Rd, Mercer, PA for Sale
$1,000,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

7421 Sharon Mercer Rd
Mercer, PA 16137


HIGHLIGHTS

  • 29 BED/ 21.5 BATH - 14-unit multifamily investment property delivering immediate cash flow with established tenants and consistent rental income.
  • Situated on nearly 4 acres, the brick and vinyl property offers a diversified unit mix with 2-bedroom and 3-bedroom apartments across three levels.
  • Numerous capital improvements have been completed, including updated kitchens, bathrooms, flooring, and central air conditioning in all apartments.
  • Tenant-paid utilities for most units help reduce operating expenses, while the property features gas forced-air furnaces, and heat pump.

OVERVIEW

29 BEDROOMS AND 21.5 BATHS - COMMERCIAL 14 UNIT INCOME PRODUCING INVESTMENT PROPERTY THAT IS BRICK AND VINYL! STRONG, STABLE, INCOME PRODUCING INVESTMENT OPPORTUNITY! WELL MAINTAINED RENTAL PROPERTY IS SITUATED ON ALMOST 4 ACRES AND IS FULLY OCCUPIED, DELIVERING IMMEDIATE AND RELIABLE CASH FLOW FROM DAY ONE. WITH ALL UNITS CURRENTLY RENTED, THIS PROPERTY OFFERS THE STABILITY INVESTORS LOOK FOR - CONSISTENT OCCUPANCY, ESTABLISHED TENANCY AND DEPENDABLE INCOME. THIS PROPERTY HAS A LOT OF UPDATES IN KITCHENS AND BATHS, FLOORING AND MORE CENTRAL AIR IN ALL UNITS. LOWER LEVEL - 3 APARTMENTS, LAUNDRY, STORAGE ROOMS AND UTILITY ROOMS WITH HALF BATH, MAIN LEVEL - 6 APARTMENTS - UPPER LEVEL - 4 APARTMENTS. GAS /FA FURNACES AND 1 HEAT PUMP. RUBBER MEMBRANE ROOF WITH METAL ACCENTS. UTILITIES PAID BY TENANT EXCEPT COMMON AREAS AND APARTMENT 13 WHICH HAS THE HEAT PUMP. UNIT 11 2 BED / 1 BATH RENT - $800.00 - UNIT 12 - 2 BED / 2 BATH - $900.00 - UNIT 13 - 3 BED / 2 BATH - $850.00 UNIT 14 - 2 BED / 1 BATH - $675.00

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$68 USD /SF

# OF UNITS

14

PRICE/UNIT

$71,429

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.84 AC

LAND SF

167,139 SF

ZONING

Commercial

APN/PARCEL ID

15-148-004-002

ASK ABOUT THIS PROPERTY

Rose TuruckBerkshire HathawayMore Info
724-866-4496

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Rose TuruckBerkshire HathawayMore Info
724-866-4496

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