31 Main Street Glen Rock, PA 17327
*Updated Documents 9-27-2024* Welcome to this 7 Unit cash cow investment property in the heart of Glen Rock Borough. Situated on the Heritage Rail Trail, this property really shines inside and out. The property consists of 6 residential units and one 4, 000 sq ft commercial storage space with huge exposure display windows. All of the units are rented except the commercial space which the owner uses currently. The commercial space can currently be used only for storage but can be converted to suit your needs. Please contact Glen Rock Borough for more information. There is no basement and the property is built slab on grade. Lots of parking available for tenants across from the building in the public parking lot. No washer/dryer hookups in the units, so owner could generate more revenue by adding laundry and tenant storage in the first-floor commercial space. This exceptionally well-kept turnkey property is 100% professionally managed from day 1 and runs a cap rate of 6.1% with annual rental income of $75, 420 which includes utilities reimbursements and pet fees. A great portfolio add for investors of all levels. If you are looking for a 1031 exchange, you can end your search with this property. PLEASE DO NOT MISS reviewing the additional documents regarding income/expenses/rents/unit details/Improvements/utilities/meters etc. All photos are from before the tenants moved in. There is no sign at the property. Please do not disturb tenants or make unsolicited inquires with them. Seller is consolidating businesses and hence selling.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyYork
- Taxes$5,945
- HOA/Condo/Coop Fees$0
- Days on Site49 Days
- MLS StatusActive
- MLS ID NumberPAYK2058066
- Home Size Source Assessor
- Year Built1900
- Lot Size0.56 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Block
- Parking PublicOff SiteParking Lot
- Sewer Public Sewer
- Acreage 0.56
- Water Public
- Zoning VILLAGE CENTER
- Property Sub Type Multi Family
- Attached Garage No
Interior Features
- Cooling Heat Pump(s)Electric
- Heating Heat Pump - Electric Back UpHot WaterElectricNatural Gas
Exterior Features
- Roof RubberMetalShingle
- Spa No
- Waterfront Property No
- Lot Backs to TreesSloping
Community Features
- MLS Area Glen Rock Boro (15264)