31 MAIN Street

31 MAIN Street Glen Rock, Pennsylvania 17327 Estados Unidos

Welcome to this 7 Unit cash cow investment property in the heart of Glen Rock Borough. Situated on the HeritageRail Trail, this property really shines inside and out. The property consists of 6 residential units and one 4,000 sqft commercial storage space with huge exposure display windows. All of the units are rented except thecommercial space which the owner uses currently. The commercial space can currently be used only for storagebut 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 turnkeyproperty is 100% professionally managed from day 1 and runs a cap rate of 6.1% with annual rental income of$75,420 which includes utilities reimbursements and pet fees. A great portfolio add for investors of all levels. Ifyou 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/unitdetails/Improvements/utilities/meters etc. All photos are from before the tenants moved in. There is no sign atthe property. Please do not disturb tenants or make unsolicited inquires with them. Seller is consolidatingbusinesses and hence selling.

Listing Courtesy of Foundation First Property Group

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