109 4Th Ave Conshohocken, PA 19428
- Apartment buildings
- 5,936 SF
Current Use by Public Records
- Norristowns Heating and Air Conditioning Repairs / Store
Property Details for 109 4Th Ave
- Property size
- 5,936 SF
- Property type
- Apartment buildings
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Conshohocken
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.3027
- Latitude
- 40.0754
