Listing Agency: BHGRE Commercial-GSA Realty

Listed By: Tommy Songer, P.E., CCIM · License #AB068628

Source: Crexi

Added: Apr 12 Changed: Aug 21 Last Checked: Sep 4 at 9:31PM

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Investment Insights

Based on property information with market context.

This renovated 11-unit apartment building is being offered for sale with all apartments currently rented. The property’s updates are described as complete, with each unit outfitted with a new heat/air conditioning unit. In addition, the apartment interiors include appliances and cable/dish, and some units include furniture.

The rent-ready setup also includes utilities, with water/sewer and electric covered as part of the provided unit amenities. Common exterior improvements include new decks and a handicap ramp that are described as fairly new.

Electrical upgrades are noted with electrical panels included and a 400-amp service. For further underwriting materials, the seller provides an investment packet and an available appraisal reference upon request.

Key Highlights

• 11‑unit apartment building with renovations complete and all apartments currently rented
• Each unit has a new heat/AC unit
• Units include appliances, cable/dish, and some furniture

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11

Residential units

100%

Occupancy

Turnkey business

Opportunity

Yes

Heavy power

Location Intelligence

Trade Area within ½ mile

13

Businesses Nearby

Explore this area Business Placement

Demographics for 16837, PA

190

Population

63

Households

3

Avg Household Size

49

Median Age

81%

High-School Grad

0.8 sq mi

ZIP Area

238

Density / Sq Mi

$2,499

Median Earnings

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Apartment building - Renovations are complete for an 11-unit apartment building with all units currently rented.

Where is this apartment building located?

The property is located at 408 Lewis Rd Glen Richey, PA.

What are key features of this property?

This property features: 11‑unit apartment building with renovations complete and all apartments currently rented; Each unit has a new heat/AC unit; Units include appliances, cable/dish, and some furniture