109-113 Gravel Pike - Apartments FOR SALE


Green Lane, PA 18054
$1,600,000 USD
610-329-0523
109-113 Gravel Pike, Green Lane, PA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/2
null | 6.63% Cap Rate

109-113 Gravel Pike
Green Lane, PA 18054


HIGHLIGHTS

  • Perkiomen Valley Hiking & Trails
  • Route 63
  • Easily Accessible to Major Highways

OVERVIEW

New to the Market: A unique investment opportunity featuring 5 parcels with two buildings. The first building boasts 7 fully renovated units, including 6 spacious 2-bedroom units and 1 cozy 1-bedroom unit, along with 6,000 square feet of parking space. Adjacent to this is a duplex with a 3-bedroom unit on the second floor and a 1-bedroom unit on the first floor. Additionally, there are 3 extra parcels: one paved lot currently leased to a commercial contractor, and two open spaces. These properties offer access to the scenic Perkiomen Valley Trails, creeks, fishing spots, and more, providing a peaceful, nature-filled environment for tenants. Each unit’s tenants are responsible for their own hot water and electricity, while a laundry facility on-site presents potential for additional income with a simple update to a pay-per-use system. All tenants are on month-to-month leases, providing flexibility and the potential for increased rents. Located in Green Lane Borough, part of the thriving Perkiomen Valley in Montgomery County, these properties are positioned in an up-and-coming area with growing local municipalities. The rear of the open space lots offers tranquil creek access for ultimate relaxation. Don’t miss the chance to add this prime investment property to your portfolio today!

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$101 USD /SF

# OF UNITS

9

PRICE/UNIT

$177,778

CAP RATE

6.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,545 SF

ZONING

LI & C, Green Lane

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Abigail ManeroWayne Realty CorporationMore Info
610-329-0523

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Abigail ManeroWayne Realty CorporationMore Info
610-329-0523

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.