For Sale
For Sale
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Year Built
1900
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Total Building Size
15,000 RSF
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Overview
KW Commercial is pleased to present the opportunity to acquire Willow Grove Apartments in Willow Grove, PA. There are 44 rental units total including 8 efficiencies, 35 individual rooms, 20 bathrooms and a newly renovated commercial storefront with a tenant currently in year two of a five year lease. The property has a current waiting list of 50+ renters due to its A+ location and unique rental structure. It is a Rooming House. It is rented weekly by the room, and there is a huge market for this type of rental with no competition in the surrounding area. There is tremendous upside in raising the income generated by this asset with minimal capital expenditure requirements.
Property Details
KW Commercial is pleased to present the opportunity to acquire Willow Grove Apartments in Willow Grove, PA. There are 44 rental units total including 8 efficiencies, 35 individual rooms, 20 bathrooms and a newly renovated commercial storefront with a tenant currently in year two of a five year lease. The property has a current waiting list of 50+ renters due to its A+ location and unique rental structure. It is a Rooming House. It is rented weekly by the room, and there is a huge market for this type of rental with no competition in the surrounding area. There is tremendous upside in raising the income generated by this asset with minimal capital expenditure requirements.
- Property TypeMulti-Family
- Year Built1900
- Sale Price$1,200,000
- Total Building Size15,000RSF
- Total Acres0.5
- Property ID2161569