31 Main St

Glen Rock, PA 17327

Updated 11/7/2024. 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 and Glenrock Borough inspected and approved (most recent one done in April 2024) turnkey property is 100% professionally managed from day 1 and runs a cap rate of 6.5% with annual rental income of $77,460 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.

Listing courtesy of Foundation First Property Group



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