109 4Th AveConshohocken, PA 19428

For Sale
$1,700,000

Prime Conshohocken, 8-unit apartment building.

Overview

Added:
Dec 11, 2024
Days on market:
96
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.

Highlights

  • Eight-unit apartment building in desirable Conshohocken, PA.
  • 5,936 square feet, three-story building.
  • 6.39% capitalization rate, $108,574 NOI, $1,700,000 asking price ($286.39/SF).
  • 100% occupancy (7 units + 4 garages), immediate cash flow.
  • In-unit washer/dryers, open floor plans, prime Conshohocken location near train station.
  • Fee simple ownership, occupancy date November 2nd, 2023.

Location Insight

City
Conshohocken
County
Montgomery
State
Pennsylvania
Latitude
40.0753732
Longitude
-75.3027183
109 4Th Ave, Conshohocken, Pennsylvania
Leaflet | © OpenStreetMap contributors

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109 4Th Ave
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