Great potential cash flow opportunity with this 5-unit, totally renovated apartment building with ample parking along Route 22. Formerly Louie's Coral Lounge, this property features its own water supply and sewage system as well as new wiring, a new heat pump with heat/AC, new plumbing, and new flooring, drywall, ceilings, doors and windows! It it currently 100% rented. 2 downstairs efficiency apartments each rent for $400/month. A lg 2 BR upstairs apt. with an oversized LR and eat-in kitchen rents for $600/month. One downstairs apt. rents for $500/month and a 5 BR/2 BA downstairs apt. featuring a very lg. living area rents for $800/month. All utilities are included. Gross rents = $2700 per month. Avg. monthly expenses w/ taxes = $809, providing an anticipated net profit of $1891/month.
Off market
Street View
Zestimate®
$173,900
1976 William Penn Hwy, Williamsburg, PA 16693
10beds
4,000sqft
MultiFamily
Built in 1924
-- sqft lot
$173,900 Zestimate®
$43/sqft
$943 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 5
- 3/4 bathrooms: 5
Heating
- Heat pump, Other, Electric
Cooling
- Other
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Carpet, Laminate, Linoleum / Vinyl
- Basement: Unfinished
Interior area
- Total interior livable area: 4,000 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Detached
Features
- Exterior features: Vinyl
- Has view: Yes
- View description: Mountain
Lot
- Size: 2.40 Acres
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Metal
Condition
- Year built: 1924
Community & neighborhood
Location
- Region: Williamsburg
Other
Other facts
- Driveway: Black Top, Gravel
- Water Type: Private Well
- Sewer Type: Private Sewer System
- Heating Type: Heat Pump
- AC Type: Central