Description
This is a terrific opportunity for an investor or owner-occupant with a phenomenal location in the quaint village of Spring Mount. 1st time available in nearly 40 years! Low maintenance brick exterior and a new roof in 2/2022. 3 residential apartments and 1 long term ground floor restaurant tenant (sale does not include the pizza shop business). Two of the apartments were fully updated in the last couple of years, the 3rd is well maintained by a long term tenant. A definite value add candidate as the rents are under market, coin op machines could be added, and there is a possibility to frame out the rest of the 2nd floor area to create another apartment unit (confirm with township for all allowed/approved uses). The first floor has the pizza shop as well as a 1 bedroom apartment, the 2nd floor has two - 2 bedroom apartments. Apartments have access via a side building entrance with common stairwell. Basement houses the boiler units, hot water heaters, and tenant storage. Apartments have always been easy rentals, the Perkiomen Trailhead entrance is 500ft behind the building, and offers a steady flow of customers for the storefront, and is also a great tenant amenity.
Location
Similar Listings
$16,000,000
MLS# PAMC2001412
Courtesy of: Coldwell Banker Hearthside Realtors
$13,950,000
6
10
16,557 Sq ft
MLS# MDMC2041834
Courtesy of: Long & Foster Real Estate, Inc.
$12,750,000
6
14
26,698 Sq ft
MLS# MDMC756732
Courtesy of: TTR Sotheby's International Realty
$12,000,000
7
12
13,350 Sq ft
MLS# MDMC761714
Courtesy of: TTR Sotheby's International Realty
$10,950,000
22
10
14,467 Sq ft
MLS# PAMC2029232
Courtesy of: Kurfiss Sotheby's International Realty
$10,000,000
6
9
7,427 Sq ft
MLS# MDMC2048944
Courtesy of: TTR Sotheby's International Realty
$9,950,000
8
13
21,022 Sq ft
MLS# MDMC718834
Courtesy of: Compass
$8,500,000
6
10
14,745 Sq ft
MLS# MDMC2046794
Courtesy of: Premier Properties, LLC
$7,500,000
14
10
14,467 Sq ft
MLS# PAMC2028134
Courtesy of: Kurfiss Sotheby's International Realty
$7,500,000
MLS# PAMC635140
Courtesy of: Larum Real Estate Consulting LLC
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
Courtesy of: Rockland Capital LLC Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 22nd May, 2022 9:13 AM (UTC)
