Listed by Long & Foster Real Estate
$995,000
450 Germantown Pike Lafayette Hill
Details
Property Type Multifamily, Office
Sub Type Apartment Building, Storefront
Square Footage 4,105
Units 5
Cap Rate 6.00%
NOI $68,619
Occupancy 100%
Price per SqFt $242
Broker Co-Op Yes
Class B
Year Built 1850
Year Renovated 2020
Buildings 1
Stories 2
Lot Size (SqFt) 11,250
Zoning CMX-2
Investment Type Net Lease
5 Newly renovated units! 3 - Two bedroom apartments, 1 Studio and 1 commercial space
Marketing description
This fully occupied property contains 3- two bedroom apartments , 1 studio apartment and 1 commercial space and is strategically located in a thriving Business District, and is a significant investment property. The current owners have done all capital improvements including kitchens with microwaves and dishwashers, baths and each apartment has its own laundry. The combination of location, accessibility, and low operational costs makes this an attractive opportunity for savvy investors looking to expand their portfolio in a high-demand market. Tenants pay both heat and electric. Parking lot. Building is 100% rented. Photos show some apartments prior to occupancy. Make this your next investment!
Investment highlights
Fully occupied 5 unit investment property
Listing Contacts
Listed by Long & Foster Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$68,619.00
$5,718.25/mo
Valuation Metrics
0
DSCR
6.9%
Cap Rate
6.9%
ROI
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