109 4Th AveConshohocken, PA 19428

Property Details for 109 4Th Ave

Property size (Sq ft)

5,936 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a stabilized, eight-unit apartment building located at 109 E 4th Ave in the desirable Conshohocken, Pennsylvania. Boasting 5,936 square feet, this three-story building offers a compelling 6.39% capitalization rate with a Net Operating Income (NOI) of $108,574. The asking price is $1,700,000, translating to a price per square foot of $286.39. All seven rental units and four detached garages are currently occupied, providing immediate cash flow. The property features desirable amenities including in-unit washer/dryers and open floor plans, attracting high-quality tenants. Its prime location in Conshohocken offers easy access to downtown Conshohocken and the local train station, enhancing its appeal and rental potential. The building's solid occupancy rate and strong financial performance make it an attractive investment for discerning buyers seeking a stable and profitable multifamily asset. The fee simple ownership provides complete control and long-term value appreciation potential. The occupancy date is November 2nd, 2023. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a thriving Pennsylvania location.

Location Insight

City

Conshohocken

County

Montgomery

State

Pennsylvania

Latitude

40.0754

Longitude

-75.3027

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