1113 W Main St- 6 Unit Multifamily

Highlights

• 6 Unit Multifamily Investment in low inventory market
• Value Add in under market rents (1113 W Main rent avg $1,150/Month - Market rent avg $1,295)
• Ideally located in walkable distances to retail and public transportation
• High rental demand market with limited rental unit availability- Low Vacancy Rate

Description

KW Commercial is pleased to present this off-market, 6 Unit Multifamily Investment Property in Lansdale, PA. The property consists of six (6) 2 bedroom/1 bath units that have been well maintained by ownership. The property is ideally located right on Main St (Route 63). This is a desirable location due to the accessibility to retail and public transportation all within walkable distances. The property provides onsite coin-operated laundry machines as an amenity to its tenants and provides additional income.

Each unit comes with 1 dedicated parking space and an abundance of free street parking. The current rents average $1,150/month, which is well under the market average of $1,295/month for 2 bedroom/1 bath units, providing immediate upside for the new owner. One unit turned over this month and there were 60 applicants in the first week, so now there is a waiting list for any future turnover.

Lansdale is a borough in Montgomery County, Pennsylvania. It is located about 29 miles northwest of Philadelphia. It is a densely-populated commuter town (population 17,000+), with many residents traveling daily to Philadelphia. Most commuters utilize the Septa train and bus lines for their commute into the city or surrounding towns.