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9097 Allentown Blvd 18 Unit Apartment Building $1,750,000 ($97,222/Unit) 8.57% Cap Rate Grantville, PA 17028
INVESTMENT HIGHLIGHTS
- Fully leased 18-unit studio rental with utilities included
- All units recently renovated with new mechanicals and roofs
- Zoned Highway Commercial with expansion potential
- Strong NOI of $150,087 and 8.58% cap rate
- Positioned on Route 22 with 7,800+ daily traffic count
- Public sewer and parking for 30 vehicles
EXECUTIVE SUMMARY
Well maintained 18 Unit Mid term rental on 3 acres zoned highway commercial along Rt. 22 in Grantville, PA. Highway traffic count is 7800+ cars per day. Potential room to expand and add more rooms or other use along road frontage.
All roofs replaced in last 7-8 years, newer mini-splits in all units, all newer mechanicals, new well and all unit recently renovated. Parking for approximately 30 vehicles. Property served by public sewer.
All units are leased with solid tenant base. NOI of $150,000 with room to expand rents. Each unit is a studio unit with all utilities included in rent. Tenants are monthly on a rolling basis.
All roofs replaced in last 7-8 years, newer mini-splits in all units, all newer mechanicals, new well and all unit recently renovated. Parking for approximately 30 vehicles. Property served by public sewer.
All units are leased with solid tenant base. NOI of $150,000 with room to expand rents. Each unit is a studio unit with all utilities included in rent. Tenants are monthly on a rolling basis.
PROPERTY FACTS
| Price | $1,750,000 | Apartment Style | Garden |
| Price Per Unit | $97,222 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.02 AC |
| Cap Rate | 8.57% | Building Size | 7,920 SF |
| No. Units | 18 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2025 |
| Property Subtype | Apartment | ||
| Zoning | HC - Highway Commercial | ||
| Price | $1,750,000 |
| Price Per Unit | $97,222 |
| Sale Type | Investment |
| Cap Rate | 8.57% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.02 AC |
| Building Size | 7,920 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2025 |
| Zoning | HC - Highway Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 18 | - | - |
PROPERTY TAXES
| Parcel Number | 25-014-048 | Improvements Assessment | $129,000 |
| Land Assessment | $154,800 | Total Assessment | $283,800 |
PROPERTY TAXES
Parcel Number
25-014-048
Land Assessment
$154,800
Improvements Assessment
$129,000
Total Assessment
$283,800
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9097 Allentown Blvd
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