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31 Main St 7 Unit Apartment Building $675,000 ($96,429/Unit) 7.21% Cap Rate Glen Rock, PA 17327
INVESTMENT HIGHLIGHTS
- 100% Fully Occupied in the Heart of Glenrock Downtown
- Each unit with Central AC
- Slab Built-No Basement
- 4000 sq ft commercial space available
EXECUTIVE SUMMARY
Updated 11/12/2025. Welcome to this 7 Unit cash cow investment property in the heart
of Glen Rock Borough. Situated on the Heritage Rail Trail, this property really shines
inside and out.
This exceptionally well-kept turnkey property is 100% professionally managed from day
1 and runs at a cap rate of 7.2% with annual rental income of $79,716 which includes
utilities reimbursements and pet fees. A great portfolio add for investors of all levels.
PLEASE DO NOT MISS reviewing the additional documents regarding
income/expenses/rents/unit details/Improvements/utilities/meters etc.
The property consists of 6 residential units and one 4,000 sq ft commercial storage space
with huge exposure display windows. All of the units are rented except the commercial
space which the owner uses currently. The commercial space can currently be used only
for storage but can be converted to suit your needs. Please contact Glen Rock Borough
for more information. There is no basement and the property is built slab on grade.
Lots of parking available for tenants across from the building in the public parking lot. No
washer/dryer hookups in the units, so owner could generate more revenue by adding
laundry and tenant storage in the first-floor commercial space.
All photos are from before the tenants moved in. There is no sign at the property. Please
do not disturb tenants or make unsolicited inquires with them. Seller is consolidating
businesses and hence selling.
-Please review information in this ad
-Rents, expenses, unit details provided
-Please contact Jeff Wright at 717-797-4289 or Jeff@foundationfirstpg.com
-Listing agent to be present for showings
-No seller financing
of Glen Rock Borough. Situated on the Heritage Rail Trail, this property really shines
inside and out.
This exceptionally well-kept turnkey property is 100% professionally managed from day
1 and runs at a cap rate of 7.2% with annual rental income of $79,716 which includes
utilities reimbursements and pet fees. A great portfolio add for investors of all levels.
PLEASE DO NOT MISS reviewing the additional documents regarding
income/expenses/rents/unit details/Improvements/utilities/meters etc.
The property consists of 6 residential units and one 4,000 sq ft commercial storage space
with huge exposure display windows. All of the units are rented except the commercial
space which the owner uses currently. The commercial space can currently be used only
for storage but can be converted to suit your needs. Please contact Glen Rock Borough
for more information. There is no basement and the property is built slab on grade.
Lots of parking available for tenants across from the building in the public parking lot. No
washer/dryer hookups in the units, so owner could generate more revenue by adding
laundry and tenant storage in the first-floor commercial space.
All photos are from before the tenants moved in. There is no sign at the property. Please
do not disturb tenants or make unsolicited inquires with them. Seller is consolidating
businesses and hence selling.
-Please review information in this ad
-Rents, expenses, unit details provided
-Please contact Jeff Wright at 717-797-4289 or Jeff@foundationfirstpg.com
-Listing agent to be present for showings
-No seller financing
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$81,643
|
$8.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$81,643
|
$8.51
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$28,808
|
$3.00
|
| Net Operating Income |
$52,835
|
$5.51
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $81,643 |
| Annual Per SF | $8.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $81,643 |
| Annual Per SF | $8.51 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $28,808 |
| Annual Per SF | $3.00 |
| Net Operating Income | |
|---|---|
| Annual | $52,835 |
| Annual Per SF | $5.51 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Tub/Shower
SITE AMENITIES
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | $1,290 | - |
| 2+1 | 4 | $1,118 | - |
| 1+1 | 1 | $880.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 64-000-03-0036.00-00000 | Improvements Assessment | $174,130 |
| Land Assessment | $22,360 | Total Assessment | $196,490 |
PROPERTY TAXES
Parcel Number
64-000-03-0036.00-00000
Land Assessment
$22,360
Improvements Assessment
$174,130
Total Assessment
$196,490
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31 Main St
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