2617-2629 Herr Street
Multifamily | 3 Units | $500,000/unit
Marketing description
NAI CIR is pleased to present the rare opportunity to acquire a stabilized, high-performing cash-flow portfolio located at 2617-2629 Herr Street in Penbrook Borough, Pennsylvania. The portfolio includes a daycare, church, duplex, triplex, single-family home, two (2) mobile homes, and one (1) flex/industrial space, offering a blend of residential, commercial, and specialty uses that drive strong occupancy and steady performance. Additional upside remains through strategic rent optimization, including the opportunity to significantly increase income by converting the 6-bedroom, 3-bath single-family home into a triplex, creating multiple new revenue streams on an already stabilized asset.
Investment highlights
Twelve diverse income streams including a daycare. church, duplex, triplex, single-family home, two (2) mobile homes, and flex space
Strong in-place cash flow producing a 9.1% cap rate with consistent occupancy and reliable tenant demand
Value-add opportunity to increase revenue by converting the 6-bed, 3-bath
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