7-UNIT MIXED USE INVESTMENT PROPERTY
208-212 West Main Street
Ephrata, Pennsylvania 17522
6,993 +/- Sq. Ft.
7 Unit, Mixed Use Investment Property located on walkable West Main Street in Ephrata. Very well maintained property comprised of two buildings, which combined, feature 5 apartments, 2 commercial spaces, 19 parking spaces, and 6,993 Sq. Ft. total. The price reflects a projected 6.7% CAP Rate (projected since the smaller of the two commercial spaces is currently available for lease). NOI of $45,298/yr (see brochure under documents for additional information). Excellent residential tenants who all pay on time, on M2M leases. Tenants are long term and there is immediate value-add potential since the rents are lower than market. Dermatology Associates is a 20+ year tenant in the larger commercial suite and they just signed a new 3-year renewal with annual rent increases. 208 West Main Street includes 2 commercial spaces and 3 apartments on the 2nd floor. There is shared laundry in the basement. 212 West Main Street features 2 large apartments, one on each floor, both with porch/balcony. All tenants pay own elecrtic. Note that the taxes on the MLS are only for one parcel. The sale includes both parcel IDs 260-16232-0-0000 & 260-11654-0-0000, current taxes for both parcels are specified in the brochure.