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32193753
32193798

14015 ROUTE 19 Highway, Waterford, PA 16441

JB
PA PA RM426122, NY NY 10401341649
Keller Williams Realty Erie
Listed by Keller Williams Realty Erie
$575,000
36 days on market
Updated 36 days ago

14015 ROUTE 19 Highway

Details
APN 30-016-070.0-001.00
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 1,426
Units 25
Cap Rate 10.43%
NOI $60,000
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 9.68%
Pro-Forma NOI $55,643
Broker Co-Op True
Class A
Year Built 2023
Year Renovated 2023
Buildings 2
Acreage 2.200
Zoning B-1
Parking Spaces 25
Investment Type Stabilized

STR on French Creek - 2 Units

Marketing description

Rare opportunity to own a creek side property with immediate income potential. This unique offering spans over 2 acres and includes two established short-term rental homes, new in 2023, each featuring a deck with a hot tub overlooking French Creek. Both homes have delivered consistent revenue in a highly desirable natural setting. The property combines scenic creek frontage with usable land and direct water access, including a put in point for boats and kayaks. Seven additional cozy insulated cottages with electric hookups are also on site, available at additional cost, and have generated supplemental income during the summer months. There is a well on the property, new septic, new electrical and new outside bathrooms. Whether you're looking for continued rental use, owner occupancy, or future expansion, this property offers flexibility and proven performance. Strong guest appeal, repeat bookings, and meaningful upside make this a practical investment with built in lifestyle benefits.

Investment highlights

  • Rare opportunity to own a creek side property with immediate income potential
  • This unique offering spans over 2 acres and includes two established short-term rental homes, new in 2023, each featuring a deck with a hot tub overlooking French Creek
  • Both homes have delivered consistent revenue in a highly desirable natural setting
  • The property combines scenic creek frontage with usable land and direct water access, including a put in point for boats and kayaks
  • Seven additional cozy insulated cottages with electric hookups are also on site, available at additional cost, and have generated supplemental income during the summer months
  • There is a well on the property, new septic, new electrical and new outside bathrooms
  • Strong guest appeal, repeat bookings, and meaningful upside make this a practical investment with built in lifestyle benefits

Listing Contacts

JB
PA PA RM426122, NY NY 10401341649
Keller Williams Realty Erie
Listed by Keller Williams Realty Erie

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$60,000.00
$5,000.00/mo

Valuation Metrics

0
DSCR
10.43%
Cap Rate
10.43%
ROI

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Additional Information

Name
Jim Barbour
License
PA RM426122
Brokerage
KW Commercial at KW Flagship Realty
Brokerage Phone
814-833-9500
Title
Broker of Record
Brokerage Address
4934 Peach Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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