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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

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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

Price $3,959,766 CAD
Price Per Unit $329,981 CAD
Sale Type Investment
Cap Rate 1%
No. Units 12
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class B
Lot Size 0.31 AC
Building Size 15,596 SF
Average Occupancy 100%
No. Stories 3
Year Built 2021
Zoning MI - MI

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
Walk Score®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 38744446

  • Date on Market: 2025-12-11

  • Last Updated:

  • Address: 216 Penn St, Bath, PA 18014

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