1113 W Main St- 6 Unit Multifamily

1113 W Main St Lansdale, PA 19446

FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$925,000
Last Verified:
Aug 24, 2020

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.


Year Built: 1970
Building Size: 7176.0sq ft
Lot Size: 0.0 acres

Map of 1113 W Main St, Lansdale, PA, 19446

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.