Montco Multi - May 2010

8/9/2019 Montco Multi - May 2010

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Property For SaleJoseph Leone (610) 551-5830 [email protected]

Keller Williams Realty Group

Page 1 of 9 Created: 4/18/2010

LoopNet, Inc. Copyright 1995 - 2010This information comes from users and sources believed to be reliable, but is not guaranteed.

Rental Income in Rockledge - 813 Huntingdon Pike, Rockledge, PA 19046

Property Type: Multifamily

Duplex/Triplex/FourplexNo. Units: 2Building Size: 600 SFYear Built: 1955

Price: $179,000

Price/Unit: $89,500Cap Rate: 2.42%LoopNet ID: 16644907Status: Active

http://listing.loopnet.com/16644907

Property Description:

Tired of paying rent and not getting any returns? Buy this property and you could keep one unit rented out which may pay for more than half of themortgage payments. The possibilities are countless. This duplex could also be used in multiple ways which include, yet would not be limited to, an officeor a store. It is currently being rented out and the earliest date for doing something else other than rentals would be the end of May. There are separatewater heaters. One is gas and the other is electric. Shared use of the basement. More photos will be available shortly. Cap rate could be better. The rentsare a little low for the area and can be increased when the contracts expire.

2210 Stratford Ave - Abington, PA 19001


Duplex/Triplex/FourplexNo. Units: 2Building Size: 2,200 SF

Price: Not DisclosedCap Rate: 8.00%LoopNet ID: 15463279Status: Active



Two Family Home


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130 N. 2nd Street - Souderton, PA 18964


Garden/Low-RiseNo. Units: 25Building Size: 17,464 SFYear Built: 1967

Price: $2,200,000

Price/Unit: $88,000Occupancy: 100%LoopNet ID: 14842971Status: Active



Fabulous Turnkey investment opportunity in Souderton Borough with a great rental history and convenient location. This 25 unit, solid brick apartmentbuilding is 100 % occupied, and has several tenants that have been there for many years. Most units are below market rents, and should be increaseda tremendous upside potential. When a vacancy has occurred, the apartments are very quickly rented for market rent. The owner has continuallymodernized, updated and maintained the buildings throughout the years. This Property includes 2 side-by-side 3-story Brick buildings with a total of 22one bedroom units, 3 studio units, common parking lot and coin operated laundry facilities in each building. Located on a quiet street, yet convenientlylocated just off Rt 113, close to public transportation and major routes 309, 463, and minutes from the PA Turnpike. TENANTS ARE NOT AWARE THATTHE BUILDINGS ARE FOR SALE. PLEASE KEEP EVERYTHING CONFIDENTIAL! also, please call for expenses & operating data.

mixed use multifamily with restaurant - 836-838 Montgomery Avenue, Narberth, PA 19072



Price: $2,500,000Price/Unit: $625,000Occupancy: 50%LoopNet ID: 15543644Status: Active



Large parcel on Montgomery and Iona Avenues in Narberth with existing tenants. Photo depicts 838-840 Montgomery Avenue. Balance of parcel consistsof 836 Montgomery Avenue and 317 Iona Avenue. There is a total of 3,800 sq ft total retail space on the 1st floors of the properties of which only 950 sqft is not leased. Parking available for 16 cars.


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15 Center St - Bridgeport, PA 19405



Price: $219,900

Price/Unit: $73,300Occupancy: 100%LoopNet ID: 16646826Status: Active



Updated triplex in affordable Upper Merion Township has gross rents received per month are $1975. Sellers have installed new kitchens, updated bathsand replaced forced hot air heater on 3rd floor apartment. First floor tenant has use of back yard, basement and washer/dryer in basement. Tenants paygas and electric. Landlord pays for trash, water and sewer. First and second floor have separated/individual hot water heat. Motivated sellers looking for aquick settlement!

13 Unit Apartment building - 372-376 High St, Pottstown, PA 19464

Property Type: MultifamilyMid/High-Rise

No. Units: 13Building Size: 10,320 SF

Price: $475,000Price/Unit: $36,538Cap Rate: 18.00%Occupancy: 90%LoopNet ID: 16570451Status: Active



CASH FLOW!! Run the numbers and do the math. Great Turnkey investment Property at a great price! Appraised in 07 at $481,000.00 rents have beenincreased since then. Owner is very very very motivated.Property is in good shape in a good area with several long term tenants! If you Choose it evenComes with Property Manager/Maintenance Man. 12 Units currently rented. There are Five 2 bedroom, Six 1 bedroom, One efficiency and 1 commercialbusiness unit. Tenants pay all electric and most pay there own heat. Property consists of 3 addresses... 372,374 and 376 High Street. with 2 tax id#'s 2ndid#is 16-00-14012-003. The combined Taxes are 8,373 H/O Insurance approx. 3,000.00. Combined Buildings Sq Ft is 10,320. Close to 422 and rt 100.All questions should be directed to John "Ed "Beto 484-223-7794 or [email protected]


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410 Avenue A - Horsham, PA 19044



Price: $259,000

Price/Unit: $129,500Cap Rate: 6.65%GRM: 12.7LoopNet ID: 16439952Status: Active



Duplex - 1st unit 4 rooms, 1 bedroom rents for $600. 2nd unit 2 bedrooms rents for $850. 3 car garage rents $250. Units have just been paint and areready to go. Seperate utilities and meters.

537 GREEN STREET (Just reduced by $ 30,000.00) - 537 Green Street, Norristown, PA 19401


Garden/Low-RiseNo. Units: 6Building Size: 5,717 SF

Price: $219,900

Price/Unit: $36,650LoopNet ID: 16461875Status: Active



JUST REDUCED BY $30,000.00 (1/19/10) Think Big! Huge, fabulous older properties await your vision. House number 537 AND 539 along with a vacantlot (would be # 535) all offered at this price. Numerous possibilities as this work-in-progress falls under Town Center (TC) zoning. One-time church withoffices and bathrooms. With TC zoning, the properties can be converted to apartment units. The properties are being sold in "as is" condition. Buyer isresponsible for any U&O repairs requested by the Norristown Boro.

591 W. High St - Pottstown, PA 19464


Mid/High-RiseNo. Units: 7Building Size: 5,000 SF

Price: $475,000Price/Unit: $67,857Cap Rate: 10.06%Occupancy: 85%LoopNet ID: 15976457Status: Active



ANOTHER 422 OPPORTUNITY! This multi-unit property has 5 apartment units and 2 commercial units, all rented! OWNER FINANCING AVAILABLE.


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Mixed Use-Aggressively Priced For Fast Sale - 352 E. Airy St., Norristown, PA 19401



Price: $119,959




This mixed use, 3 unit building is a cashcow waiting for a savvy investor. Priced extremely aggresive for a quick sale. 1st floor was previously rented asan office at 1,100 per month. It features a large window in the front, 2 seperate rooms, powder room and basement access. 2nd unit is located behindoffice and is currently occupied at a discounted rate because tenant serves as a handyman and property manager. Tenant operates an HVAC company.Unit features a powder room, basement access, one large room downstairs, office space upstairs, as well as storage. Unit is accessed from rear alleywayand has seperate entrance with 1 car parking. 2nd and 3rd floor is a 2 bedroom 1.1 bath apartment. 2nd floor features a full bath, living room and kitchen.3rd floor features 2 bedrooms and a powder room. Property is in need of TLC.

366 E High St - Pottstown, PA 19464



Price: $224,900Price/Unit: $44,980Cap Rate: 9.79%GRM: 6.97Occupancy: 100%LoopNet ID: 16345026Status: Active



5 unit on High St in Pottstown. All units pay own heat,elec,cable. Owner pays water,sewer,trash,taxes,hot water,owner elec. 4 apartments redone,#5 willbe upgraded prior to settlement.


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62 N. Franklin St. - Pottstown, PA 19464


Mid/High-RiseNo. Units: 9Building Size: 4,572 SF

Price: $445,000

Price/Unit: $49,444Cap Rate: 10.96%LoopNet ID: 16640796Status: Active



Tired of looking at properties that just cannot cash flow? Cap rates too low? Your search is over!!! Check out these numbers and buy today. With higherend townhomes going up thoughout the town, property values should continue to grow. Many of the tenants have been here for a couple of years. Unitnine is a garage being rented for storage. Agent: Income does include Coin ops in basement which are leased.

1971 W Ridge Pike - West Norriton, PA 19403



Price: $495,000

Price/Unit: $82,500Cap Rate: 7.00%Occupancy: 100%LoopNet ID: 16428100Status: Active



Six one bedroom units, three units fully upgraded. Tenants pay heat and electric. Well maintained brick building with on site parking. Easy access topublic transportation and shopping.

222 Lippincott Ave. - Ardmore, PA 19003



Price: $319,000Price/Unit: $106,333Occupancy: 100%LoopNet ID: 16583455Status: Active



Bank Foreclosure. As is. Three family home. Great income! Fully rented. Bring all offers.


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2397 & 2411 E. High Street - Pottstown, PA 19464


Duplex/Triplex/FourplexNo. Units: 4

Price: $429,900




Multi Family property with many possible uses. Two separate parcels with three buildings included in sale. Currently the main building consists of threeapartments, one store front and an unfinished space on the third floor. The second house is situated on a separate parcel and is a two bedroom. There isalso a detached garage currently occupied by the sellers. Sellers have appealed the real estate taxes. Expenses listed are current.

311 East St - Pottstown, PA 19464


Duplex/Triplex/Fourplex

No. Units: 4Building Size: 2,800 SFYear Built: 1925

Price: $229,900Price/Unit: $57,475

Cap Rate: 5.22%Occupancy: 100%LoopNet ID: 15573464Status: Active



4 one bedroom apts with an oversized 2+ car garage situated at the rear of a large lot. Every unit has been redone and updated. Not subdividable butpossible expansion or another structure. Garage rented at $150 per month, could be higher. Owner installed electric heat in each unit as backup to oil,possible for new owner to have tenants pay heat and increase CAP Rate. Also possible to add laundry facilities. NOW REDUCED!!!

63 King Street - Pottstown, PA 19464




LoopNet ID: 16579804Status: Active



West End of Pottstown. 6 residential units with 3 garage bays. Laundry-coin op also provides additional income. Very strong rental history with somerecent improvements to the apartments. Good cash flow. Call for detailed expenses. 48 Hours notice required for all showings.


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204 E 9th Ave - Conshohocken, PA 19428



Price: $895,000

Price/Unit: $74,583Cap Rate: 7.50%Occupancy: 100%LoopNet ID: 15232103Status: Active



12 units, all efficiencies, 100% occupied....BRAND NEW STUCCO EXTERIOR!!, oil heat...Rents range between $650 and $700...Units re-painted andre-carpetted within the past year...One unit has hardwood floors...Terrific Location and rare opportunity to acquire Multi-family in HOT Conshohocken!!

43 - 45 W. Lancaster Avenue - Ardmore, PA 19003

Property Type: Office

Office BuildingBuilding Size: 3,067 SF

Price: $650,000

Price/SF: $211.93/SFLoopNet ID: 16557874Status: Active



The retail/office/apartment building is 3,067 square feet. The property includes 2 stores plus one two-story apartment and parking.

Willow Hill Apartments - 409 N. Easton Rd, Willow Grove, PA 19090



Price: $6,495,000Price/Unit: $92,786Cap Rate: 8.07%GRM: 9.68Occupancy: 100%




Well maintained, fully rented suburban apartment complex on main highway. 64 two bedrooms, 1 bath units PLUS 4,000 SF professional office building,coin-operated laundry. 80% SECTION 8 HOUSING.


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Lotos - 19 N. Washington Street, Pottstown, PA 19464



Price: $50,000




The $50,000 buys you the entity (LLC) which owns the properties under a blanket mortgage. Buyer would assume mortgage once approved by lender.Price is non-negotiable. Disclaimer: The 50k purchase price is for the entity regardless of the number of properties remaining within the entity, should anybe sold off.

Hatfield, PA Quad - 130 Penn Avenue, Hatfield, PA 19440



Price: $625,000




Well maintained, clean 4-unit apartment building wi th 6 separate garage bays and spacious apartments. Usually 100% rented, though one tenant justvacated and that unit will be offered for rental shortly. This is a low-maintenance, easy investment in a clean, growing area. One unit is 1700 SF and theother three are 1200 SF each.

105 Cricket Ave - 105 Cricket Avenue, Ardmore, PA 19003


Duplex/Triplex/Fourplex

No. Units: 3Building Size: 2,624 SF





Price Reduced! Triplex located in the center of Ardmore. This building has three large apartment units on three floors with a great rental history. Call forincome and expense information. Tenants reimburse owner for heat.

Montco Multi - May 2010

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