Grace St Portfolio Multi-Family FOR SALE


Grove City, PA
$510,000 USD
724-496-1745
, Grove City, PA for Sale
$510,000 USD
Multi-Family - FOR SALE
1/51
null | 7.75% Cap Rate

Grace St Portfolio
Grove City, PA


HIGHLIGHTS

  • High Cash Flowing
  • Great Area
  • Huge Upside Potential

OVERVIEW

Here is an incredible opportunity to purchase an entire 9 unit rental portfolio with tremendous cash flow on day one. In addition, the new owner has the ability to quickly add value by finishing the renovation process on the last few units. This rental portfolio consists of 4 excellent properties in Grove City Pennsylvania. 229 Grace St Triplex, 227 Grace St Triplex, 221-1/2 Grace St SFR, and 412 W Main St Duplex. These well updated apartments have excellent long term tenants in place. Also, in addition to a typical cash, 1031, or standard financing purchase options, this portfolio has the unique option of an assumable loan with an interest rate of just 4.75%. Contact agent for more details. ashingleton@tprsold.com or text/call 724-496-1063 Rent Roll: 229 Grace St Triplex Apt 1 3br 1bath $1000 Apt 2 2br 1bath $550 Apt 3 2br 1bath $750 221-1/2 Grace St SFR 2br 1bath $787.50 412 W Main St Apt 1 2br 1bath $1000 Apt 2 1br 1bath $900 227 Grace St Triplex Apt 1,2,3 currently unoccupied due to renovations Total Current Monthly Rent: $4,987.50 Total Current Yearly Rent: $59,850 Total Current NOI after Taxes ($4,684.85), Insurance ($5,937.00), and other expenses: $39,508.15 Pro Forma NOI of ($75,328.15) is based on the completion of 227 Grace St apartments.

ASK ABOUT THIS PROPERTY

Amanda ShingletonBerkshire Hathaway HomeServices - ButlerMore Info
724-496-1745

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Amanda ShingletonBerkshire Hathaway HomeServices - ButlerMore Info
724-496-1745

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