435 W Main Street, Pen Argyl Boro, PA 18072

sale $1,750,000 | Commercial-Other

Listed By CENTURY 21 Keim Realtors

8-Unit Apartment Building including 6 garages and 10 storage units for Sale - Prime Investment Opportunity in Pen Argyl! Exceptional opportunity to own a well-maintained multifamily property in the heart of Pen Argyl's desirable Slate Belt region. This strong income-producing asset generates a gross annual income of $172,620 with a net operating income of $145,509 and an impressive 8% cap rate, offering excellent long-term cash flow potential and investment stability. The property features eight spacious 2-bedroom, 1-bath apartments with strong rental demand. Several units offer hardwood flooring in the living rooms and bedrooms, adding warmth and character throughout, while many units have been completely remodeled with updated finishes that enhance tenant appeal. Recent capital improvements include a new heating system, new sump pump, and new hot water heater, helping minimize future maintenance costs and providing peace of mind for investors. Owner currently pays heat and hot water, offering added value for residents. Additional income opportunities come from the property's 6 garages and 10 storage units, providing added convenience for tenants and increased revenue potential. A large basement storage area further enhances the property's functionality and appeal. Conveniently located near shopping, schools, and major commuter routes, this turnkey multifamily investment is ideal for both seasoned investors and those looking to expand into the apartment market. Don't miss this outstanding opportunity to own a solid, cash-flowing asset with upside potential in a growing rental market.

Property Features

Age: Over 50 Years Old
Building Area: 11586.00 SF
Cross Docks: N
For Auction: N
Lot Size In Text: 6960 Sq. Ft.
MLSID: 777569
Parking Places: 0
Price Upon Request: N
Sewer: Public
Style: Other Style
Sublease: N
Taxes: $8601.00
Year Built: 1900
Zoning: R-7-8-MEDIUM DENSITY RESI