Douglas Gardens Apartments, a 69-unit multi-family property located in Montgomery County has been owned and maintained by the same family since 1972 (recent upgrades from current ownership include all windows and sliding glass doors replaced in 2010 and all roofs replaced between 2018 and 2022). The property offers below market in-place rents and value-add upside for the new owner. Property is within 35 minute drive from Lehigh Valley, King of Prussia, and Reading. 67 of the 69-units are in classic condition and candidates for upgrades. Occupancy as of 3/4/2025 is 88% with average in place rental rate at $788 per month. In addition to the value-add opportunity through unit renovation plan, the new owner can also implement a utility reimbursement program to boost net income. Currently tenants are only responsible for paying electric, and landlord pays for heat, water, hot water, and sewer.