Grace St Portfolio
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Grace St Portfolio
4 Multifamily Properties Offered at $510,000 in Grove City, PA
Investment Highlights
- High Cash Flowing
- Huge Upside Potential
- Great Area
Executive Summary
Here is an incredible opportunity to purchase an entire 9 unit rental portfolio with tremendous cash flow on day one. In addition, the new owner has the ability to quickly add value by finishing the renovation process on the last few units. This rental portfolio consists of 4 excellent properties in Grove City Pennsylvania. 229 Grace St Triplex, 227 Grace St Triplex, 221-1/2 Grace St SFR, and 412 W Main St Duplex. These well updated apartments have excellent long term tenants in place. Also, in addition to a typical cash, 1031, or standard financing purchase options, this portfolio has the unique option of an assumable loan with an interest rate of just 4.75%. Contact agent for more details. ashingleton@tprsold.com or text/call 724-496-1063
Rent Roll:
229 Grace St Triplex
Apt 1 3br 1bath $1000
Apt 2 2br 1bath $550
Apt 3 2br 1bath $750
221-1/2 Grace St SFR
2br 1bath $787.50
412 W Main St
Apt 1 2br 1bath $1000
Apt 2 1br 1bath $900
227 Grace St Triplex
Apt 1,2,3 currently unoccupied due to renovations
Total Current Monthly Rent: $4,987.50
Total Current Yearly Rent: $59,850
Total Current NOI after Taxes ($4,684.85), Insurance ($5,937.00), and other expenses: $39,508.15
Pro Forma NOI of ($75,328.15) is based on the completion of 227 Grace St apartments.
Rent Roll:
229 Grace St Triplex
Apt 1 3br 1bath $1000
Apt 2 2br 1bath $550
Apt 3 2br 1bath $750
221-1/2 Grace St SFR
2br 1bath $787.50
412 W Main St
Apt 1 2br 1bath $1000
Apt 2 1br 1bath $900
227 Grace St Triplex
Apt 1,2,3 currently unoccupied due to renovations
Total Current Monthly Rent: $4,987.50
Total Current Yearly Rent: $59,850
Total Current NOI after Taxes ($4,684.85), Insurance ($5,937.00), and other expenses: $39,508.15
Pro Forma NOI of ($75,328.15) is based on the completion of 227 Grace St apartments.
Taxes & Operating Expenses (Pro forma - 2025) |
Annual |
|---|---|
| Gross Rental Income |
$75,328
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$75,328
|
| Net Operating Income |
-
|
Taxes & Operating Expenses (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $75,328 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $75,328 |
| Net Operating Income | |
|---|---|
| Annual | - |
Property Facts
| Price | $510,000 | Status | Active |
| Price / SF | $24.40 / SF | Number of Properties | 4 |
| Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 7.75% | Total Building Size | 20,900 SF |
| Sale Type | Investment |
| Price | $510,000 |
| Price / SF | $24.40 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 7.75% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 20,900 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 229 Grace St, Grove City, PA 16127 | Multifamily | 6,000 SF | 1906 | - |
| 227 Grace St, Grove City, PA 16127 | Multifamily | 6,000 SF | 1936 | - |
| 221 1/2 Grace St, Grove City, PA 16127 | Multifamily | 900 SF | 1940 | - |
| 412 W Main St, Grove City, PA 16127 | Multifamily | 8,000 SF | 1906 | - |
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