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Former Shamrock Hotel & Restaurant 300 Kennedy Ave 9 Unit Apartment Building $895,000 ($99,444/Unit) 9.39% Cap Rate Mertztown, PA 19539

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INVESTMENT HIGHLIGHTS

  • Peaceful Country Setting and still convenient to Berks and Lehigh Valley areas

EXECUTIVE SUMMARY

Excellent Opportunity. Multi-unit property includes large former Hotel that has been converted to apartments, along with two detached residential rental units and an additional potential storage garage unit.

PROPERTY FACTS Under Contract

Price $895,000
Price Per Unit $99,444
Sale Type Investment
Cap Rate 9.39%
No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Building Size 7,000 SF
No. Stories 2
Year Built 1870
Zoning R - Rural

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Ceiling Fans
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Tub/Shower
  • Large Bedrooms

SITE AMENITIES

  • 24 Hour Access
  • Listing ID: 34331159

  • Date on Market: 12/31/2024

  • Last Updated:

  • Address: 300 Kennedy Ave, Mertztown, PA 19539

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