Property
Lafayette Hill, PA 19444 450 Germantown Pike
$1,095,000
21 more
Presented By: Long & Foster Real Estate, Inc.
SQFT • 4,105
SQFT • 4,105Home Details
This fully occupied rental property contains 5 Rental units- 3- two bedroom apartments , 1 studio apartment and 1 commercial space and is strategically located in a thriving Business District, and is a significant investment property. The current owners have done all capital improvements including kitchens with microwaves and dishwashers, baths and each apartment has its own laundry. The combination of location, accessibility, and low operational costs makes this an attractive opportunity for savvy investors looking to expand their portfolio in a high-demand market. Tenants pay both heat and electric. Parking lot. Building is 100% rented. Gross Income $91,980 . Contact listing agent for expenses. Photos show some apartments prior to occupancy. Make this your next investment!
Presented By: Long & Foster Real Estate, Inc.
Interior Features for 450 Germantown Pike
Bathrooms
Total Restrooms5
Other Interior Features
Central Air Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Number of Elevators
Other Rooms
Entry Level1
General for 450 Germantown Pike
Acceptable FinancingCash, Negotiable, Conventional
AccessibilityLevel Entry - Main
Association Recreation FeeN
Business TypeApartment Building
Cap Rate6.00
CityLAFAYETTE HILL
Construction MaterialsStone
Cool FuelElectric
CoolingDuctless/Mini-Split, Heat Pump(s)
CountyMONTGOMERY
DirectionsVicinity of Germantown Pike and Joshua Road. Next to Lafayette Hill post office.
DisclosuresOwner RE Licensee, Prop Disclosure, Use and Occupancy Permit
Electric Expense639.00
Fuel Expense0.00
Gross Income93480.00
HeatingHeat Pump - Electric BackUp
Insurance Expense3695.00
Lease Considered Y/NNo
Location TypeBusiness District
Lot Size Square Feet11250.00
Lot Size UnitsSquare Feet
MLS AreaWhitemarsh Twp (10665)
MaintenanceExpense3600.00
MunicipalityWHITEMARSH TWP
Net Operating Income61034.00
New ConstructionNo
Number Of Units Total5
Operating Expense24900.00
OwnerPaysCommon Area Maintenance, Electricity, Insurance, Lawn/Shrub Care, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
OwnershipFee Simple
PossessionSubject to Existing Lease
Possible UseApartment Building, Barber/Beauty, Clothing, Commercial, Dry Cleaner, Financial, Florist/Nursery, Food & Beverage, Food Market, Investment, Medical/Dental, Mixed Use, Multi-Family, Office, Professional Service, Ret
Price Per Sq Ft Total AG266.75
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount7907.0
Tax Assessed Value240880.0
Tax Year2025
Total Actual Rent93480.00
TransportationCommuter Rail Station less than 1 mile, Bus Stop less than 1 mile
Trash Expense2700.00
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1800
Year Built SourceEstimated
ZoningVILLAGE COMMERCIAL
Exterior for 450 Germantown Pike
Building Area Total4105.00
Car Parking Spaces20
Fencing Y/NN
Foundation DetailsStone
Lot Size Acres0.00
Lot Size SourceEstimated
Navigable Water Y/NNo
Parking FeaturesHandicap Parking, Paved Parking, Private, Surface
Total Loading Docks0
Total Parking Spaces20
Traffic Count15000-19999
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
Tina Torres
Broker/Owner