319 Church St
5 Unit Apartment Building $449,995 ($89,999/Unit) 9.13% Cap Rate Jessup, PA 18434
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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
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$9.99
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$99,999
![]() |
$9.99
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Taxes |
$99,999
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$9.99
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Operating Expenses |
$99,999
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$9.99
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Total Expenses |
$99,999
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$9.99
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Net Operating Income |
$99,999
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$9.99
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PROPERTY FACTS
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
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PROPERTY TAXES
Parcel Number | 11506020011 | Total Assessment | $20,000 |
Land Assessment | $2,500 | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $17,500 | Tax Year | 2024 |
ZONING
Zoning Code | R (intended to create and maintain areas that are suitable for single-family homes, duplexes, and multi-unit developments.) |