704 Lincoln Hwy
N. Versailles, PA 15137

Property Description

Amazing 15 Unit Building(11 Apartments - 4 Retail) With Excellent Rental Income And Plenty Of Potential To Develop Additional Warehouse Space. Apartments - Functional And Easy To Rent, These Apartments Have Been Completely Renovated In The Last 2 Years(except 3 Due To Long Term Tenants). Renovations Included: New Kitchens, New Baths, All New Carpet And Vinyl Flooring, Painted, New Appliances. All Tenants Are On 12 Month Leases. Apartments Are All Electric And Have Their Own Electric Water Heaters. Each Unit Pays Their Own Electric Meter. Owner Only Pays Water And Sewage. Current Retail Tenants Are All On 2 Yr Leases With 2 Yr Renewals At End Of Leases For 10% Increase Each 2 Year Cycle Built Into Leases. Retail -each Retail Space Has Been Renovated. -additional 6,500(approx.) Unfinished Space Behind Retail Storefronts To Easily Accommodate Expansion And/or Larger Retail Storefront Needs. Warehouse Space - Approx 12,000 Unfinshed Warehouse Space