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East Main St Apartments 216 Penn St 12 Unit Apartment Building $3,959,766 CAD ($329,981 CAD/Unit) 1% Cap Rate Bath, PA 18014



INVESTMENT HIGHLIGHTS
- Totally remodled
- 12 Modern apartments with separate utilites
- High end apartments
EXECUTIVE SUMMARY
This First class converted schoolhouse offers twelve upscale apartments in a maintenance-free brick building designed for modern living and long-term investment potential. The property includes six spacious two-bedroom units, five one-bedroom units, and one efficiency, each thoughtfully designed with high-end finishes. Kitchens feature granite countertops, tile backsplashes, and upgraded appliances, while luxury vinyl plank flooring and tile baths add sophistication throughout. Open floor plans with exposed ductwork, eight-foot ceilings, and oversized windows with deep sills create bright, elegant spaces filled with character. Every apartment is equipped with its own heat pump and air conditioning, ensuring comfort and efficiency. The landlord provides water, sewer, trash, snow removal, lawn care, and off-street parking, while on-site laundry facilities offer convenience and the potential for additional income. Centrally located in Bath, Pennsylvania, the property is within walking distance to local shops and eateries, and just five miles from Route 22, making commuting simple. With its low cost of ownership, modern upgrades, and strong rental demand, this property presents an exceptional opportunity for investors seeking stable returns and room for rent growth.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $2,032 CAD | 600 |
| 2+1 | 2 | $2,204 CAD | 730 |
| 2+1 | 3 | $2,273 CAD | 730 |
| 2+1 | 4 | $2,514 CAD | 800 |
| 2+1 | 5 | $2,135 CAD | 659 |
| 2+1 | 6 | $2,273 CAD | 650 |
| 1+1 | 7 | $2,059 CAD | 600 |
| 2+1 | 8 | $2,445 CAD | 750 |
| 1+1 | 9 | $2,169 CAD | 700 |
| 1+1 | 10 | $1,928 CAD | 450 |
1 1
Walk Score®
Very Walkable (77)
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East Main St Apartments | 216 Penn St
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