319 Church St

5 Unit Apartment Building $449,995 ($89,999/Unit) 9.13% Cap Rate Jessup, PA 18434

INVESTMENT HIGHLIGHTS

  • Ample Parking
  • Excellent Location
  • Fully Occupied

EXECUTIVE SUMMARY

Welcome to this prime 5-unit property, perfectly situated in the heart of Jessup, offering a unique blend of commercial and residential spaces. This fully-occupied, income-generating property includes two thriving commercial units, currently leased to a popular restaurant, and three well-maintained residential apartments. Key Features: Two Commercial Units: Both currently leased to a successful restaurant, providing a stable and reliable source of income. Three Residential Apartments: Each apartment is equipped with separate utilities, ensuring convenience and independence for tenants. Ample Off-Street Parking: Generous parking spaces available, making it easy for both tenants and customers to access the property. Prime Location: Situated in a highly sought-after area of Jessup, with easy access to local amenities, public transport, and major highways. This property offers a strong return on investment with a mix of commercial and residential tenants, all located in a vibrant, high-demand area. Whether you're a seasoned investor or new to property ownership, this is an opportunity you won't want to miss. Schedule a tour today and explore the potential of this exceptional property!

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
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

PROPERTY FACTS

Price $449,995
Price Per Unit $89,999
Sale Type Investment
Cap Rate 9.13%
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low Rise
Building Class C
Lot Size 0.17 AC
Building Size 4,747 SF
Average Occupancy 100%
No. Stories 2
Year Built 1935
Parking Ratio 1.4/1,000 SF
Opportunity Zone Yes

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

SITE AMENITIES

  • Controlled Access
  • Tenant Controlled HVAC
  • Recycling
  • Smoke Free
  • Smoke Detector

PROPERTY TAXES

ZONING

Zoning Code R (intended to create and maintain areas that are suitable for single-family homes, duplexes, and multi-unit developments.)
  • Listing ID: 34620906

  • Date on Market: 1/27/2025

  • Last Updated:

  • Address: 319 Church St, Jessup, PA 18434