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862 Iron Ridge Road 862 Iron Ridge Rd 11 Unité Immeuble d’appartements 1 326 124 $ CAD (120 557 $ CAD/Unité) Spring Grove, PA 17362
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Scenic 11-Unit on 2.7 Acres Charming rural setting with 3 buildings, coin-op laundry, mature trees, and a stream.
- Recent Upgrades & Utilities New electric, 95% modern windows, 8 units metered, repaved lot, well & septic systems.
- Strong Income & Upside $117K annual rent with ~10% upside. 9 of 11 units renovated, light value-add potential.
RÉSUMÉ DE L'ANNONCE
Multi-Unit Investment Opportunity | 11 Units on 2.7 Acres | Spring Grove, PA
Property Address: 862 Iron Ridge Rd, Spring Grove, PA 17362
Offered by: Ginny L. Reichart Realty, Inc.
Gross Annual Rent: $117,240
Zoning: Residential & Commercial
Parcel #: 3800672089000000
Flood Zone: Zone X (Not in Flood Zone)
Property Overview:
Welcome to 862 Iron Ridge Rd, a well-maintained and income-producing 11-unit multifamily property situated on a scenic 2.7-acre rural lot in Spring Grove, PA. This unique investment includes three residential buildings and a laundry facility, offering a mix of one- and two-bedroom units with long-term tenants and recent renovations.
The property features a fully re-paved asphalt driveway and parking area (2022), separate electric meters for 8 of 11 units, and electric baseboard heating throughout. Two private wells and three septic systems (serviced regularly) support the property. A small stream runs through the center of the lot, adding to the serene, park-like setting.
Investment Highlights
11-Unit Multifamily Property on 2.7 scenic acres
Gross Annual Rent: $117,240 with ~10% upside ($12,468) based on current market rent estimates
Recent Capital Improvements: Key upgrades include electrical improvements, new heating systems, and parking lot repaving (2022). Additionally, 37 windows were replaced between 2022 and 2024, bringing the property to 95% modern replacement windows. Three previous owner replaced modern-era wood windows were retained due to their solid condition and performance.
Renovation Status: 9 of 11 units (82%) recently renovated; remaining units offer light value-add potential
Additional Rent Upside: Estimated annual increase of $3,864 through remaining unit renovations and light value-add upgrades—potentially more if select units are converted to split heat pump systems for improved efficiency and tenant appeal
Utility Structure: Separate electric meters for 8 units; minimal work needed to convert remaining 3 to tenant-paid electric
On-Site Coin-Op Laundry Facility (Apartment L)
Park-like Setting with mature trees and a small stream
Owner’s Garage for maintenance, storage, and maintenance access
Professionally Maintained Well & Septic Systems
Zoned Residential & Commercial – future flexibility
Not in a Flood Zone (Zone X)
Strong Rental History with long-term tenants and recent renovations
Property Address: 862 Iron Ridge Rd, Spring Grove, PA 17362
Offered by: Ginny L. Reichart Realty, Inc.
Gross Annual Rent: $117,240
Zoning: Residential & Commercial
Parcel #: 3800672089000000
Flood Zone: Zone X (Not in Flood Zone)
Property Overview:
Welcome to 862 Iron Ridge Rd, a well-maintained and income-producing 11-unit multifamily property situated on a scenic 2.7-acre rural lot in Spring Grove, PA. This unique investment includes three residential buildings and a laundry facility, offering a mix of one- and two-bedroom units with long-term tenants and recent renovations.
The property features a fully re-paved asphalt driveway and parking area (2022), separate electric meters for 8 of 11 units, and electric baseboard heating throughout. Two private wells and three septic systems (serviced regularly) support the property. A small stream runs through the center of the lot, adding to the serene, park-like setting.
Investment Highlights
11-Unit Multifamily Property on 2.7 scenic acres
Gross Annual Rent: $117,240 with ~10% upside ($12,468) based on current market rent estimates
Recent Capital Improvements: Key upgrades include electrical improvements, new heating systems, and parking lot repaving (2022). Additionally, 37 windows were replaced between 2022 and 2024, bringing the property to 95% modern replacement windows. Three previous owner replaced modern-era wood windows were retained due to their solid condition and performance.
Renovation Status: 9 of 11 units (82%) recently renovated; remaining units offer light value-add potential
Additional Rent Upside: Estimated annual increase of $3,864 through remaining unit renovations and light value-add upgrades—potentially more if select units are converted to split heat pump systems for improved efficiency and tenant appeal
Utility Structure: Separate electric meters for 8 units; minimal work needed to convert remaining 3 to tenant-paid electric
On-Site Coin-Op Laundry Facility (Apartment L)
Park-like Setting with mature trees and a small stream
Owner’s Garage for maintenance, storage, and maintenance access
Professionally Maintained Well & Septic Systems
Zoned Residential & Commercial – future flexibility
Not in a Flood Zone (Zone X)
Strong Rental History with long-term tenants and recent renovations
BILAN FINANCIER (PRO FORMA - 2025) Cliquez ici pour accéder à |
ANNUEL (CAD) | ANNUEL PAR pi² (CAD) |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
$99,999
|
$9.99
|
| Perte due à l’inoccupation |
$99,999
|
$9.99
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Dépenses d’exploitation |
-
|
-
|
| Total des dépenses |
$99,999
|
$9.99
|
| Revenu net d’exploitation |
-
|
-
|
BILAN FINANCIER (PRO FORMA - 2025) Cliquez ici pour accéder à
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Autres revenus (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
FAITS SUR LA PROPRIÉTÉ
| Prix | 1 326 124 $ CAD | Classe d’immeuble | C |
| Prix par unité | 120 557 $ CAD | Taille du lot | 2,70 AC |
| Type de vente | Investissement | Taille du bâtiment | 9 670 pi² |
| Multiplicateur du loyer brut | 8.1 | Occupation moyenne | 92% |
| Nombre d’unités | 11 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1879/2017 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,09/1 000 pi² |
| Style d’appartement | De faible hauteur | ||
| Zonage | APARTMENT - Utilisation du terrain : 201 A – Maison convertie en appartements - 4 familles + | ||
| Prix | 1 326 124 $ CAD |
| Prix par unité | 120 557 $ CAD |
| Type de vente | Investissement |
| Multiplicateur du loyer brut | 8.1 |
| Nombre d’unités | 11 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 2,70 AC |
| Taille du bâtiment | 9 670 pi² |
| Occupation moyenne | 92% |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1879/2017 |
| Ratio de stationnement | 1,09/1 000 pi² |
| Zonage | APARTMENT - Utilisation du terrain : 201 A – Maison convertie en appartements - 4 familles + |
COMMODITÉS
- Détecteur de fumée
COMMODITÉS DES UNITÉS
- Balcon
- Prêt pour le câble
- Espace d'entreposage
- Chauffage
- Ventilateurs de plafond
- Cuisine avec coin repas
- Cuisine
- Réfrigérateur
- Fourchette
- Bain/Douche
- Vues
- Walk-in
- Tapis
- Cour
- Étagères encastrées
- Terrasse
- Salle à manger
- Fenêtres à double vitrage
- Pelouse
- Lingerie
- Bureau
- Garde-manger
- Porche
- Sans fumée
- Plancher de vinyle
- Couvre-fenêtres
- Grandes chambres
COMMODITÉS DU SITE
- Accès 24 heures
- Installations de lessive
- Cuisinière à gaz
- Sans fumée
- Collecte d'ordures - sur rue
- Salle de bain privée
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 1+1 | 10 | 1 187 $ CAD | 450 - 1 100 |
| 2+1 | 1 | 1 389 $ CAD | 1 166 |
Impôts fonciers
| Numéro de lot | 30-000-EE-0069.00-00000 | Évaluation totale | 344 715 $ CAD |
| Évaluation du terrain | 103 403 $ CAD | Impôts annuels | (1 $) CAD (0,00 $ CAD/pi²) |
| Évaluation des bâtiments | 241 312 $ CAD | Année d’imposition | 2025 |
Impôts fonciers
Numéro de lot
30-000-EE-0069.00-00000
Évaluation du terrain
103 403 $ CAD
Évaluation des bâtiments
241 312 $ CAD
Évaluation totale
344 715 $ CAD
Impôts annuels
(1 $) CAD (0,00 $ CAD/pi²)
Année d’imposition
2025
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862 Iron Ridge Road | 862 Iron Ridge Rd
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