9097 Allentown Blvd - Apartments FOR SALE


Grantville, PA 17028
$1,750,000 USD
717-819-2825
9097 Allentown Blvd, Grantville, PA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/38
null | 8.57% Cap Rate

9097 Allentown Blvd
Grantville, PA 17028


HIGHLIGHTS

  • Fully leased 18-unit studio rental with utilities included
  • Strong NOI of $150,087 and 8.58% cap rate
  • All units recently renovated with new mechanicals and roofs
  • Positioned on Route 22 with 7,800+ daily traffic count
  • Zoned Highway Commercial with expansion potential
  • Public sewer and parking for 30 vehicles

OVERVIEW

Well maintained 18 Unit Mid term rental on 3 acres zoned highway commercial along Rt. 22 in Grantville, PA. Highway traffic count is 7800+ cars per day. Potential room to expand and add more rooms or other use along road frontage. All roofs replaced in last 7-8 years, newer mini-splits in all units, all newer mechanicals, new well and all unit recently renovated. Parking for approximately 30 vehicles. Property served by public sewer. All units are leased with solid tenant base. NOI of $150,000 with room to expand rents. Each unit is a studio unit with all utilities included in rent. Tenants are monthly on a rolling basis.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

18

PRICE/UNIT

$97,222

CAP RATE

8.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.02 AC

LAND SF

131,551 SF

ZONING

HC

APN/PARCEL ID

25-014-048

ASK ABOUT THIS PROPERTY

Naomi BrownCapstone CommercialMore Info
717-819-2825

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Naomi BrownCapstone CommercialMore Info
717-819-2825

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