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USAPAPen ArgylNot in Development500 W Pennsylvania Ave
500 W Pennsylvania Ave, Condo with 5 bedrooms, 4 bathrooms and null parking in Pen Argyl PA | Image 1
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$495,000

500 W Pennsylvania Ave, Pen Argyl, PA

Condo

For Sale

$--,---,---
540
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 2745 sqft
Garage No
Maintenance Fees $1,645
Taxes $4,207
Days Active 8
Approx. Age 1900
Avg. Price Per Sqft $180
MLS® Number 759214

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

4-Unit Investment Property | Fully Occupied | $56K+ Annual Income Fantastic opportunity to own a fully leased 4-unit multifamily property in the heart of Pen Argyl Borough. This well-maintained asset offers a mix of 1- 2- and 3 bedroom units with long-term tenants in place, providing strong and stable cash flow from day one. Built in 1900, this detached building offers 2, 257 square feet of rentable space. All utilities are paid by tenants through RUBS (Ratio Utility Billing System), keeping operating costs low. The property produces a gross annual income of $56, 535, with a net income of $42, 221 and total expenses of just $14, 314, including taxes, insurance, management, and minimal owner-paid utilities. This property is currently under professional management and the management company is offering an incentive to the future buyer if management is continued. Offering Memorandum available upon request.Show Description
MLS® Number759214
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1900
Stories2
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBaseboard, Electric
A/CNone
Heating Fuel

Extras

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