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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
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 | Property Subtype | Apartment |
| Price Per Unit | $99,444 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 9.39% | Building Size | 7,000 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1870 |
| Zoning | R - Rural | ||
| 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
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Former Shamrock Hotel & Restaurant | 300 Kennedy Ave
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