$750,000
Calculate Payment
Calculate Payment
31 Main Street Glen Rock, PA 17327 Municipality: Glen Rock Boro
Multi-Family
Residence
Beds
Baths
9,589
Sq. Ft.
0.56
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
Updated 11/7/2024. Welcome to this 7 Unit cash cow investment property in the heart of Glen Rock Borough. Situated on the Heritage Rail Trail, this property really shines inside and out. The property consists of 6 residential units and one 4,000 sq ft commercial storage space with huge exposure di...splay windows. All of the units are rented except the commercial space which the owner uses currently. The commercial space can currently be used only for storage but can be converted to suit your needs. Please contact Glen Rock Borough for more information. There is no basement and the property is built slab on grade. Lots of parking available for tenants across from the building in the public parking lot. No washer/dryer hookups in the units, so owner could generate more revenue by adding laundry and tenant storage in the first-floor commercial space. This exceptionally well-kept and Glenrock Borough inspected and approved (most recent one done in April 2024) turnkey property is 100% professionally managed from day 1 and runs a cap rate of 6.5% with annual rental income of $77,460 which includes utilities reimbursements and pet fees. A great portfolio add for investors of all levels. If you are looking for a 1031 exchange, you can end your search with this property. PLEASE DO NOT MISS reviewing the additional documents regarding income/expenses/rents/unit details/Improvements/utilities/meters etc. All photos are from before the tenants moved in. There is no sign at the property. Please do not disturb tenants or make unsolicited inquires with them. Seller is consolidating businesses and hence selling.
Continue reading
MLS#
PAYK2058066
Property Type
Multi-Family
Year Built
1900
Square Feet
9,589
sq. ft
Price per Sq. Ft.
$78.21
Lot Size
0.56
Sewer
Public Sewer
Receive an email as soon as the price changes
Receive an email
as soon as the price changes
Get Price Alerts
Don't miss your chance. Receive an email as soon as the price changes.
Get email alerts when
a home price changes
Sign up
Enter your work address to view actual drive times with traffic for this property.
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
How much home can I afford?
Get prequalified today and learn more.
Rental Valuation Estimate
Per Month
Nearby Homes For Sale
Just Listed
And
Homes Available
In