114 & 118 College Avenue
Multifamily Apartment Bldg. & Parcel with Commercial Ground Lease Available for Sale
Marketing description
Investment opportunity consisting of 2 parcels.
Parcel 1: 114 College Avenue (pin # 05-055.2-070-00 ) 7-unit multifamily apartment building with a pole barn in the rear of the lot. Apartment building is 100% leased with stable tenants. Trash is taken care of with communal dumpster located in the rear of the property. Private parking for tenants is located in the rear of the property to the north of the Barn. Building has been updated over time with repairs performed as needed. Each unit has electric baseboard heat. The roof was recently repaired and a new layer added last year (2024). Pole barn in the rear is currently empty but could be used by landlord for storage or potential future lease income. Tenant amenities include being within walking distance of Dollar General and the local Post Office. Route 6 is less than a quarter mile away and can be accessed via Maple Street, Depot Street, and College Avenue. Local Park with playground, trails, and sport fields are within a quarter mile. Gas Station is also within a quarter mile. *NOI can be provided following Non-Disclosure Agreement signing.
Parcel 2: 118 College Avenue (pin # 05-055.2-069-00) Ground lease with PS Bank.
*Financials can be provided with signing of Non-Disclosure Agreement.
Investment highlights
-Stable tenants
-100% leased
-Renovations done
-private parking lot
-close proximity to local amenities for tenants
-close proximity to route 6
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