Description
We are pleased to present the unique opportunity to acquire Green Lane Apartments, a fully occupied 8-unit apartment building in the desirable Montgomery County boro of Green Lane, PA.+GG Located in the heart of downtown Green Lane boro, residents at the community are just steps away from parks, dining, and shopping.+GGThe property features 8 apartments all of which are (8) large 1 Bed-1 Bath units.+GG The majority of units have been renovated in the last year; however, with additional minor cosmetic updates and simple lease renewal management, a new owner has the ability to increase rents by 18%+.+GGCurrent ownership completed an extensive renovation program on the community in the last 14 months which included full renovation of 4 units, moderate renovation of 2 units, roof and window replacement, sewer upgrades, extensive concrete and front entry rebuilds, new locks/fire/smoke system, new parking lot, hot water heater replacements, etc.+GG Typical renovated apartment unit features include in-unit washer/dryers, stainless steel appliances, wood cabinets, granite countertops, updated bathrooms, and LVT plank flooring throughout.+GG Additionally, the open and expansive basement provides for large storage locker area which is not currently being monetized by ownership and provide an additional tenant amenity and potential revenue stream.+GG Owner(s) is a PA real estate licensee.
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0BEDS
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0.33ACRES
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0BATHS
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01/2 BATHS
Description
We are pleased to present the unique opportunity to acquire Green Lane Apartments, a fully occupied 8-unit apartment building in the desirable Montgomery County boro of Green Lane, PA.+GG Located in the heart of downtown Green Lane boro, residents at the community are just steps away from parks, dining, and shopping.+GGThe property features 8 apartments all of which are (8) large 1 Bed-1 Bath units.+GG The majority of units have been renovated in the last year; however, with additional minor cosmetic updates and simple lease renewal management, a new owner has the ability to increase rents by 18%+.+GGCurrent ownership completed an extensive renovation program on the community in the last 14 months which included full renovation of 4 units, moderate renovation of 2 units, roof and window replacement, sewer upgrades, extensive concrete and front entry rebuilds, new locks/fire/smoke system, new parking lot, hot water heater replacements, etc.+GG Typical renovated apartment unit features include in-unit washer/dryers, stainless steel appliances, wood cabinets, granite countertops, updated bathrooms, and LVT plank flooring throughout.+GG Additionally, the open and expansive basement provides for large storage locker area which is not currently being monetized by ownership and provide an additional tenant amenity and potential revenue stream.+GG Owner(s) is a PA real estate licensee.
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