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7421 Sharon Mercer Rd 14 Unit Apartment Building $1,000,000 ($71,429/Unit) Mercer, PA 16137
Investment Highlights
- 29 BED/ 21.5 BATH - 14-unit multifamily investment property delivering immediate cash flow with established tenants and consistent rental income.
- Numerous capital improvements have been completed, including updated kitchens, bathrooms, flooring, and central air conditioning in all apartments.
- Situated on nearly 4 acres, the brick and vinyl property offers a diversified unit mix with 2-bedroom and 3-bedroom apartments across three levels.
- Tenant-paid utilities for most units help reduce operating expenses, while the property features gas forced-air furnaces, and heat pump.
Executive Summary
29 BEDROOMS AND 21.5 BATHS - COMMERCIAL 14 UNIT INCOME PRODUCING INVESTMENT PROPERTY THAT IS BRICK AND VINYL! STRONG, STABLE, INCOME PRODUCING INVESTMENT OPPORTUNITY! WELL MAINTAINED RENTAL PROPERTY IS SITUATED ON ALMOST 4 ACRES AND IS FULLY OCCUPIED, DELIVERING IMMEDIATE AND RELIABLE CASH FLOW FROM DAY ONE. WITH ALL UNITS CURRENTLY RENTED, THIS PROPERTY OFFERS THE STABILITY INVESTORS LOOK FOR - CONSISTENT OCCUPANCY, ESTABLISHED TENANCY AND DEPENDABLE INCOME. THIS PROPERTY HAS A LOT OF UPDATES IN KITCHENS AND BATHS, FLOORING AND MORE CENTRAL AIR IN ALL UNITS. LOWER LEVEL - 3 APARTMENTS, LAUNDRY, STORAGE ROOMS AND UTILITY ROOMS WITH HALF BATH, MAIN LEVEL - 6 APARTMENTS - UPPER LEVEL - 4 APARTMENTS. GAS /FA FURNACES AND 1 HEAT PUMP. RUBBER MEMBRANE ROOF WITH METAL ACCENTS. UTILITIES PAID BY TENANT EXCEPT COMMON AREAS AND APARTMENT 13 WHICH HAS THE HEAT PUMP.
UNIT 11 2 BED / 1 BATH RENT - $800.00 - UNIT 12 - 2 BED / 2 BATH - $900.00 - UNIT 13 - 3 BED / 2 BATH - $850.00
UNIT 14 - 2 BED / 1 BATH - $675.00
UNIT 11 2 BED / 1 BATH RENT - $800.00 - UNIT 12 - 2 BED / 2 BATH - $900.00 - UNIT 13 - 3 BED / 2 BATH - $850.00
UNIT 14 - 2 BED / 1 BATH - $675.00
Property Facts
| Price | $1,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $71,429 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.84 AC |
| Sale Condition | 1031 Exchange | Building Size | 14,664 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1974 |
| Zoning | Commercial - Commercial Building | ||
| Price | $1,000,000 |
| Price Per Unit | $71,429 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.84 AC |
| Building Size | 14,664 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1974 |
| Zoning | Commercial - Commercial Building |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Smoke Free
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $512.50 | - |
| 2+1 | 5 | $900.00 | - |
| 2+2 | 4 | $800.00 | - |
| 3+2 | 3 | $850.00 | - |
| 1+1 | 1 | $600.00 | - |
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 15-148-004-002 | Improvements Assessment | $95,350 |
| Land Assessment | $4,100 | Total Assessment | $99,450 |
Property Taxes
Parcel Number
15-148-004-002
Land Assessment
$4,100
Improvements Assessment
$95,350
Total Assessment
$99,450
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7421 Sharon Mercer Rd