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- LoopNet Team
400 2nd St
Highspire, PA 17034
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 3,630 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1920 |
| Building Class | C | Parking Ratio | 3.3/1,000 SF |
| Zoning | C-04 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,630 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 3.3/1,000 SF |
| Zoning | C-04 |
AMENITIES
SITE AMENITIES
- Tenant Controlled HVAC
ABOUT 400 2ND ST , HIGHSPIRE, PA 17034
Corner building at corner of 2nd Street and Ann Street in Highspire. Zoned mixed-use commercial, currently 6 1-bedroom apartment units. Masonry first floor with wood frame second floor, constructed 1920's. Asphalt shingle main roof, rubber/stone rear roof. 2.1% vacancy rate under current ownership, 10% cap rate (11.25% pro-forma cap rate). Long-term tenants, upgraded apartments and mechanicals. Investment Summary in Documents shows 2017 actual expenses. Investment Summary also includes Pro-Forma with market-rent values. Rent Roll included in Investment Summary.
PROPERTY TAXES
| Parcel Number | 30-021-032 | Improvements Assessment | $128,200 |
| Land Assessment | $27,700 | Total Assessment | $155,900 |
PROPERTY TAXES
