Property Description
OPEN HOUSE SATURDAY, 9/26, 11:00-1:00. Investment opportunity in the heart of downtown Royersford! 159 Main Street is a professionally managed 9-unit multifamily property featuring five 1-bedroom and four 2-bedroom apartments, approximately 800 SF each. The property has undergone substantial repositioning, with updated kitchens and baths, LVP/laminate flooring, stainless appliances, and high-efficiency mini-split HVAC in the majority of units. Seven units are currently occupied with two renovated, market-ready vacancies, providing an immediate opportunity to increase income. Current leases are staggered through 2027 with no month-to-month tenancies. Electric is separately metered and paid by residents, while water/sewer reimbursements are built into nearly every lease. Additional income includes on-site coin laundry, pet rent and other fees. The property also offers a private off-street parking lota valuable amenity in this walkable Main Street location. Calendar-year 2025 NOI was approximately $87,585, with meaningful potential for additional rent growth as below-market leases roll. Convenient to downtown restaurants, breweries, Victory Park, the Schuylkill River Trail and Route 422. Property is being offered as-is. Offering Memorandum and additional financial information available to qualified buyers.