205 SECOND & WALNUT (PORTFOLIO SALE) ST Green Lane, PA 18054

We are pleased to present the unique opportunity to acquire Green Lane Apartments, a fully occupied 16-unit community in the desirable Montgomery County boro of Green Lane, PA.​ Located in the heart of downtown Green Lane boro, residents at the community are just steps away from parks, dining, and shopping.​

The property features 16 apartments with a unit mix of (8) large 1 Bed-1 Bath and (8) 2 Bed-1Bath units.​ The majority of units have been renovated in the last year; however, with additional minor cosmetic updates and simple lease renewal management, a new owner has the ability to increase rents by 18%+.​

Current ownership completed an extensive renovation program on the community in the last 14 months which included full renovation of 6 units, moderate renovation of 6 units, roof and window replacement, sewer upgrades, extensive concrete and front entry rebuilds, new locks/fire/smoke system, new parking lot, hot water heater replacements, etc.​ Typical renovated apartment unit features include in-unit washer/dryers, stainless steel appliances, wood cabinets, granite countertops, updated bathrooms, and LVT plank flooring throughout.​ Additionally, the open and expansive basement provides for large storage lockers which are not currently being monetized by ownership and provide an additional tenant amenity and potential revenue stream.​ Owner(s) is a PA real estate licensee