Chance of a lifetime to own a six unit apartment building in Schwenksville Borough, Perkiomen Valley School District. The property is ideally situated to take advantage of the renaissance that is downtown Schwenksville. The property last changed hands in 1990 and has been maintained in good condition. All apartments have the same basic layout and same square footage with entry through two main foyer's. All apartments are two bedrooms with a large living room, full bath and full eat in kitchen. Units are all electric heat paid by residents. Each tenant has a 4x4 storage unit on site. Owner maintains a utility/storage room on site. Also included is an on site coin operated laundry. On site parking. The Borough maintains the wall mural on the north facade of the building. Adjoining the Montgomery County Perkiomen Trail and Meadow Park. Long term tenants, the rents have been raised slowly; fair market rent would bring the cap rate over six at the current price!
Listing courtesy of Joseph M Vargo Realty Ltd.
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