31 MAIN ST Active

Glen Rock,PA 17327

$ 800000

- Bed

- Bath

9589 SqFt


Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,589 sqft

Price per Sqft $83

MLS Listing ID PAYK2058066

Year Built 1900

Annual Tax Amount $5,945

Tax Year 2024

Lot Size 0.560 Acres

Property Description

*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.

Location

State PA

County York

Area Glen Rock Boro (15264)

Zoning VILLAGE CENTER

Interior

Hot Water Multi-tank,Natural Gas

Heating Heat Pump - Electric BackUp,Hot Water

Cooling Heat Pump(s)

Exterior

Garage Spaces 20.0

Waterfront N

Water Access N

Roof Type Rubber,Metal,Shingle

Building

Lot Description Backs to Trees,Sloping

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Southern York County

Others

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition Standard

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