Description:

KW Commercial is pleased to exclusively present for purchase this 21 unit investment property in the heart of Lansdale, PA. 53-55 E Main St consists of a 12 unit Rooming House, a retail storefront, and four garages, and 51 E Main St consists of two large apartments and two garages with a large parking lot. All units have stayed consistently fully occupied with a waiting list over the length of ownership and the property's superintendent lives right around the corner, making this a passive investment with significant upside. There is a huge market for this type of rental with no competition in the surrounding area and a long track record of providing housing for these shorter term tenants, even though most tenants stay over a year. Leases in place for all tenants. Gas heaters and gas hot water heaters are newer and in great shape. Potential to add 3 additional rooms on top floor. Commercial tenant is a mattress store. Majority of tenants pay in cash on a weekly basis.

Presented by:

Carl  Adams,  e-Pro, GRI

Director

(215) 803-8507

(215) 803-8507

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Listed by:

Crownstone Investment Group