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.
Glen Rock is located in Pennsylvania. Glen Rock, Pennsylvania has a population of 1,910. Glen Rock is less family-centric than the surrounding county with 27.86% of the households containing married families with children. The county average for households married with children is 29.86%.
The median household income in Glen Rock, Pennsylvania is $66,161. The median household income for the surrounding county is $61,707 compared to the national median of $57,652. The median age of people living in Glen Rock is 38.5 years.
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 22.1 degrees. The average rainfall is approximately 42.8 inches per year, with 24.5 inches of snow per year.
