1501 Elk St - Apartments FOR SALE


Franklin, PA 16323
$1,495,000 USD
724-544-6208
1501 Elk St, Franklin, PA for Sale
$1,495,000 USD
Apartments - FOR SALE
1/11
null | 7.49% Cap Rate

1501 Elk St
Franklin, PA 16323


OVERVIEW

Take advantage of this rare opportunity to own this fabulous 20 unit building and add this to your portfolio. This well built BRICK property is constructed with 18 2-bedrooms and 2 1-bedrooms divided up into 4 sections. Terrace Garden Apartments come with a rich history of being fully occupied with long term residents and a waiting list! The units are consistent in layout and finishes with the galley kitchen: fully furnished, dining area, living room, and plenty of closets. The basement houses the coin operated laundry and each unit has their own storage area. There is extra storage outside along with terraces and patios! The common parking lot has an assigned space for each unit but there is plenty of parking on 15th and Elk streets. Tenant pays electric while owner pays water, sewage, trash. So many improvements since 2019

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$59 USD /SF

# OF UNITS

20

PRICE/UNIT

$74,750

CAP RATE

7.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Terrace Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

-

APN/PARCEL ID

10-217-069-000

ASK ABOUT THIS PROPERTY

Amy LoganRE/MAX Select RealtyMore Info
724-544-6208

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Amy LoganRE/MAX Select RealtyMore Info
724-544-6208

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