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26-559 611 N Main St 31 Unit Apartment Building $4,500,000 ($145,161/Unit) 7.80% Cap Rate Plains, PA 18705
Investment Highlights
- 31-unit apartment building featuring a mix of 20 two-bedroom units and 11 one-bedroom units.
- Tenant-paid heating, cooling, and electricity reduce operating expenses for ownership.
- Additional two-car garage and rear parking lot provide convenient on-site parking options.
- Each unit offers an open layout complemented by a modern kitchen and updated appliances.
- Owner covers water and sewer, simplifying utility management.
- Low-maintenance property design supports consistent operations and strong cash flow potential.
Executive Summary
This 31 Unit apartment building consists of 20-2 bedroom units and 11- 1 bedroom units. Each unit has an open layout with a modern kitchen/ appliances. Tenants pay for their heating, cooling, and electricity and owner pays water and sewer. There is an additional two car garage and parking lot in the rear of the property. Great low maintenance building with parking and a high cash flow.
Property Facts
| Price | $4,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $145,161 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 7.80% | Building Size | 30,000 SF |
| No. Units | 31 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment |
| Price | $4,500,000 |
| Price Per Unit | $145,161 |
| Sale Type | Investment |
| Cap Rate | 7.80% |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.46 AC |
| Building Size | 30,000 SF |
| No. Stories | 3 |
| Year Built | 2021 |
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26-559 | 611 N Main St
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