2938 Ridge Pike

Trooper PA 19403

5276 sq. ft.

14000 sq. ft.

Other

Currently for sale - view listing

Overview

Exceptional investment opportunity in the heart of Eagleville! This mixed-use property consists of two buildings situated on two separate tax parcels and offers a total of six income-producing units, including one commercial space and five residential apartments. The residential unit mix includes one three-bedroom apartment, one one-bedroom apartment, two two-bedroom apartments, and two efficiency/studio apartments, providing a diverse rental portfolio. The commercial space offers excellent visibility along Ridge Pike, making it ideal for a variety of business uses. Current monthly rental income totals $8,200 ($98,400 annually). Several tenants have occupied the property for many years, resulting in rents that vary by unit and tenancy, presenting an opportunity for future income growth as units turn over. The property features a roof that is approximately eight years old and has been well maintained. Tenants pay their own electric, gas, and heat. The owner pays water, sewer, trash, and real estate taxes. Being sold in as-is condition. This is an outstanding opportunity for investors seeking a fully occupied mixed-use property with immediate cash flow and long-term upside in a highly desirable Montgomery County location.