Description
We will consider selling these separately as there are 2 parcels. I attached a spreadsheet for the 4-unit separate and one for both together. Will sell 4-unit for $655k and the two unit $340k. 8.6%+ CAP at asking, $113,400 Gross Income, $92,138 Net Income, and room to build. Market rents around $1650+. These two apartment buildings on 1.24 acres with 6 units. 4025 Main Street has 2,473 SF across 2 units. 4029 Main Street has 4,488 SF across 4 units. 12 parking spaces (6 paved, 4 covered carports, plus 2 car garage). Built in 1950, extensively renovated and converted into residential suites in 2005. Since then, there have been many upgrades to the exterior/interior within the past 5 years. All units have central air and private entry. All units have oversized bedrooms with a porch or balcony as well as large living/family rooms and eat-in kitchens. All kitchens and bathrooms are renovated and show very well to command the rents for the area. The interior units have in-unit washers and dryers, while others share a common laundry. The rear of the property offers a large area of land for potential development or expansion (requires zoning confirmation). Same seller has other properties that can be sold together/214-216 Ridge/ 403 Washington Sellersville and possibly more.
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12BEDS
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0.42ACRES
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6BATHS
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01/2 BATHS
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6,961SQFT
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$139$/SQFT
Description
We will consider selling these separately as there are 2 parcels. I attached a spreadsheet for the 4-unit separate and one for both together. Will sell 4-unit for $655k and the two unit $340k. 8.6%+ CAP at asking, $113,400 Gross Income, $92,138 Net Income, and room to build. Market rents around $1650+. These two apartment buildings on 1.24 acres with 6 units. 4025 Main Street has 2,473 SF across 2 units. 4029 Main Street has 4,488 SF across 4 units. 12 parking spaces (6 paved, 4 covered carports, plus 2 car garage). Built in 1950, extensively renovated and converted into residential suites in 2005. Since then, there have been many upgrades to the exterior/interior within the past 5 years. All units have central air and private entry. All units have oversized bedrooms with a porch or balcony as well as large living/family rooms and eat-in kitchens. All kitchens and bathrooms are renovated and show very well to command the rents for the area. The interior units have in-unit washers and dryers, while others share a common laundry. The rear of the property offers a large area of land for potential development or expansion (requires zoning confirmation). Same seller has other properties that can be sold together/214-216 Ridge/ 403 Washington Sellersville and possibly more.
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