1405 Heart Lake Rd - Multi-Family FOR SALE


Montrose, PA 18801
$450,000 USD
484-357-6924
1405 Heart Lake Rd, Montrose, PA for Sale
$450,000 USD
Multi-Family - FOR SALE
1/13
null | 11.61% Cap Rate

1405 Heart Lake Rd
Montrose, PA 18801


HIGHLIGHTS

  • 100 % LEASED CORPORATE RENTAL
  • BEAUTIFUL LOCATION

OVERVIEW

1405 Heart Lake Road is a single family home in a picturesque setting, located just across the street from beautiful Heart Lake just outside of Montrose Pennsylvania. This property has undergone significant improvements in the past three years and contains 5 bedrooms, a large kitchen – great room area, 2 full and 1 half bathroom, generous unfinished basement for storage, and an expansive front porch. This property has been a successful & lucrative rental property with a longstanding tenancy with the gas companies who are embedded in this community at the center of the natural gas / fracking industry. Historical rental financials are available upon request. The property is fully furnished and can be sold including the contents. Published NOI is a three year average ('22, '23, and '24) The Seller also owns The Evergreens Apartments at 379 S Main Street and the Wilson Street Apartments, both located in the Montrose area, fully-leased and also available for purchase.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$129 USD /SF

# OF UNITS

1

PRICE/UNIT

$450,000

CAP RATE

11.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment Prop or Single Family home

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

-

APN/PARCEL ID

126.06-1-023.00-000

ASK ABOUT THIS PROPERTY

Peter AdamsBerkshire Hathaway Fox & Roach - MacungieMore Info
484-357-6924

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

Peter AdamsBerkshire Hathaway Fox & Roach - MacungieMore Info
484-357-6924

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