Binnie Bianco of Long & Foster is offering for sale an eight unit apartment building at 542 East Hector Street in Conshohocken. Binnie describes the opportunity as follows:
Rare Opportunity. Luxurious & Unique 8 Unit Apartment Building Exuding Architectural Character & Charm And Structurally Superior With Dryvit Over 24″ Thick Exterior Walls (virtually eliminating outside sound), Concrete Floors/Ceilings, Concrete Stairwell, State Of The Art Sprinkler System And 6ft Windows In Most Areas. Building Was Engineered, Designed & Built To Be Condo’s, However Owner Kept All Units & Rented As An Elite Apartment Building With The Rents To Prove It. The Opportunity To Change To Condo’s Still Exists And Will With Every Owner. Designed To Be Means That “ALL” Utilities Are Separate Including The Water & Sewer Which Each Tenants Pays. Very Low Overhead With All Split Utilities. Large Concrete Stairwell For Easy Move In & Convenient Elevator For Tenants That Need Assistance Or Groceries. 7 Units Occupy One Main Building With Key FOB Front & Parking Lot Entrance. Beautiful Ceramic Tiled Foyer Entrance Boasts Doorbell & Intercom For Each Unit & Mailbox Area. Unit 1 Stands On Its Own With 17Ft Ceiling In Great Room, Dining Room & The Only Unit With A Deck. All Unit Have Similar Finishes Yet All Are Uniquely Designed. Units 1, 4, 5, & 6 All Have Two Level Living. Best Features Incl: Tenant Activated Security System, Intercom, Key Fob, All Separate Heaters, Hot Water Heaters & Electric Meters, Off St Parking For All Units, Concrete & Brick Building, Rehabbed In 2006 & Newer Roof. Please Review Expenses Attached. Don’t Miss Out On This Investment Opportunity In The Sought After Conshohocken Area. Long Term Tenants & Always Rented Quickly.
The building is listed at $2,350,000. For more information contact Binnie via email at Binnie@LNF.com or at (484) 576-7219.