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31301365
31301368

300 Penn St, Pennsburg, PA 18073

PN
RM423752
Main Street Commercial Realty
Listed by Main Street Commercial Realty
$3,947,000
69 days on market
Updated 69 days ago

Silk Factory Lofts

Details
Property Type Multifamily
Sub Type Apartment Building
Units 14
Cap Rate 6%
NOI $236,875
Occupancy 100%
Broker Co-Op Yes
Year Built 2024
Year Renovated 2024
Buildings 1
Stories 2
Parking Spaces 32 spaces
Occupancy Date 03/25/2026
Ground Lease No
Ownership Owner of Record
Sale Condition For sale by owner

Multifamily | 14 Units | $281,929/unit

Marketing description

Contemporary two-year old residential building with a mix of one and two bedroom, 14 in total. Every unit has large windows that allow them to be bright. Kitchens are complete with granite countertops and stainless appliances, including a dishwasher and garbage disposal. Each unit has its own washer/dryer in their unit. The building is ADA compliant and sprinklered. On-site parking and a smartphone-based intercom entrance system. The Silk Factory Lofts are located in the heart of Pennsburg, with abundant retail and restaurants within walking distance. It is also within a short drive of major highways, healthcare, educational institutions, such as UPenn Grandview Hospital and St. Luke’s Upper Bucks campus, and Lehigh, Muhlenberg and DeSales Universities. This asset has been 100% occupied since the opening. A great investment in an underserved rental market. The building plans are attached.

Listing Contacts

PN
RM423752
Main Street Commercial Realty
Listed by Main Street Commercial Realty

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$236,875.00
$19,739.58/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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