103 Main Street, Walnutport, PA
Multi-family for Sale - $350,000 - 8,500 Sq. Ft. on 0.3 acres
Property Info
CIMLS# | 1033519 |
Location 103 Main Street Walnutport PA 18088 | |
Updated | December 18th, 2018 |
Type | Multi-family |
Price | $350,000 |
Building | 8,500 Sq. Ft. |
Land | 0.3 acres |
Property Description
$81,000 Gross - $56,085 - Net Income - 16% cap @ asking.Thousands invested in this turnkey cash flowing 12-unit asset located on Main street in the city of Walnutport. 11/12 units are occupied & the 12th unit can be rented easily with some required work. Most if not all of the tenants have been on the premises for years & some for 10 years or more. This property does include a fully furnished restaurant with a full kitchen that can easily be rented for an estimated $2,000.00 per month in addition to the current rents. This building has a brand new gas heating system, less than one-year-old. This building recently had a brand new roof installed. Property comes with 14 parking spaces. NOTE - the owner has enjoyed owning this property & the purpose of the sale is to begin his retirement, he is not under any financial constraint to sell the property and has priced to sell, only serious investors please. **CAN APPLY FOR A GRANDFATHERED LIQUOR LICENSE to be used on-site**