This property is Off-Market

85 Main St
Strausstown, PA 19559 ·

11 Units · Multifamily For Sale

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Multifamily Property For Sale

Price N/A Property Use Type Investment
No. Units 11 Commission Split 2.75%
Building Size 10,400 SF Cap Rate 9%
Property Type Multifamily Lot Size 0.86 AC
Property Sub-type
Garden/Low-Rise
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  • Specialty Center
Listing ID: 17938525 Date Created: 12/05/2012 Last Updated: 07/15/2013

Description

Attention Investors& !!! Offered at a 9% Cap Rate. Well maintained 11 Unit mixed commercial & residential property in Strausstown Boro Berks County. Two story main building measures 9,300 sf and consists of 2 commercial units (Hair Salon & Massage Therapist ) , 6 first floor residential one bedroom units, 1 second floor 2 bedroom unit and 1 multi level owners unit. Additional one story building measures 1,125 sf and contains commercial unit doctor' s office. Ample parking. 6 Units have separate utilities. Utilities for 5 remaining units are included in the rent. Utilities could be easily separated for common utility units to produce additional income. Recent improvements include new furnace, new air conditioning and newly painted tin roof. Property approved for coin operated washers & dryers. Public sewer, well water with UV light and water softener. Conveniently located half mile from I-78 / Route 183 interchange. Owner requests 2 days notice and verified BFI or Proof of Funds before any showings. Serious prospects only.

Conveniently located half mile from I-78 / Route 183

Research

85 Main St, Strausstown, PA 19559 (Berks County)

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