3704 Davidsburg Rd - Apartments FOR SALE


Dover, PA 17315
$995,000 USD
717-855-4478
3704 Davidsburg Rd, Dover, PA for Sale
$995,000 USD
Apartments - FOR SALE
1/42
null | 7.77% Cap Rate

3704 Davidsburg Rd
Dover, PA 17315


OVERVIEW

Six unit townhome property located in Dover, PA. Property is located directly across the street from Lehr Park / Dover Area Community Center which features a playground, library, walking/ fit trail, and ball fields. Minutes from Walmart and the West Manchester Shopping Center. Each of the six townhomes features two bedrooms, one bathroom, and a basement with washer and dryer hookups, making them highly functional and desirable for residents. All units come with private decks, offering outdoor space. The property underwent a complete rehab in 2021, which included modernized kitchen cabinets, sinks, appliances, flooring, and paint, along with updated bathrooms featuring new vanities, mirrors, and fixtures. Additionally, the parking lot was blacktopped in 2021, adding convenience and appeal for residents. The $995,000 sales price reflects a 7.77% cap rate, calculated using actual trailing 12-month numbers and adjusting for a 7% management fee. The NOI, with the adjusted 7% management fee, is $77,342.99. Tenants pay for all their utilities (water, sewer, trash, electric). All utilities are public. Water / Sewer / Trash bills are sent to the landlord, the landlord then bills back the tenants. Additionally, this property shares a parking lot with another six-unit townhome complex, which is not owned by the same seller. Should that neighboring property become available in the future, it presents a potential opportunity to expand your portfolio with an additional six units. Don’t miss the chance to make it yours!

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

6

PRICE/UNIT

$165,833

CAP RATE

7.77%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Davidsburg Townhomes, LLC

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

Rs

APN/PARCEL ID

24-000-JG-0082.00-00000

ASK ABOUT THIS PROPERTY

Brittani SnyderIron Valley Real EstateMore Info
717-855-4478

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Brittani SnyderIron Valley Real EstateMore Info
717-855-4478

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