812 Broad St - Multi-Family FOR SALE


Milford, PA 18337
$2,000,000 USD
680-208-9834
812 Broad St, Milford, PA for Sale
$2,000,000 USD
Multi-Family - FOR SALE
1/38
null | Request Cap Rate

812 Broad St
Milford, PA 18337


HIGHLIGHTS

  • Built 2017, No Deferred Maintenance - Turnkey condition; roof, mechanicals, and systems well within service life. Repairs run $400 a year.
  • Fully Occupied - All six units occupied, producing $168,000 in gross annual rent. Tenants in place without long-term leases.
  • High-End Finishes - Stone countertops, subway-tile kitchens, tiled walk- in showers, stainless appliances, and private balconies.
  • Spacious 2-Bed-Plus-Den Units - 1,500 SF per unit with two baths and private outdoor space – a layout that lives larger than typical apartment stock.
  • Lean Operating Profile All-residential, single-building operation. Expenses total $25,893 against $168,000 in rent – a 15.4% expense ratio.
  • Rent Upside - Four units rent at $2,000, leaving room to bring rents to market as units turn.

OVERVIEW

12 Broad Street is a six-unit multifamily building in Milford, Pike County, Pennsylvania, built in 2017 and fully occupied. Each unit is a roughly 1,500 SF two-bedroom-plus-den, two-bath residence with a private porch or balcony. The building carries no deferred maintenance and steps into income with no near- term capital plan. The property produces $168,000 in gross annual rent across all six occupied units, against $25,893 of operating expenses, for $142,107 of net operating income – a 7.10% acquisition cap rate at the $2,000,000 asking price. Four of the six units rent at $2,000, leaving room to bring rents to market as units turn. The 2017 construction and high-end finishes – stone countertops, subway-tile kitchens, tiled walk-in showers, stainless appliances, and private balconies – support premium rents and low repair cost. For a buyer, the result is a turnkey, all-residential asset with durable cash Sow and a simple operating profile.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

6

PRICE/UNIT

$333,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

812 Broad St

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Vincent BarotKeller Williams Realty First in New YorkMore Info
680-208-9834

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Vincent BarotKeller Williams Realty First in New YorkMore Info
680-208-9834

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