400 S 5TH ST, Colwyn, Pennsylvania
400 S 5TH ST, Colwyn, Pennsylvania 19023 - This three story 23 unit in Colwyn, PA is an excellent income producing property with a high ceiling for value add potential. Property is 1/3 renovated with improvements that include major mechanical and cosmetic overhauls. New low flow toilet mechanicals, new boiler system, renovated bathrooms, new security system, new carpets, new tile flooring, new kitchen and bath fixtures, and new cabinetry are just some of the improvements to the property. Currently, there are no capital expense projects on the horizon as there are no issues with the roof (a-frame asphalt shingle), structure (brick), or mechanicals (boilers/pumps/sprinkler).One of the two boilers has been replaced within the past two years and the other has received all-new parts. New auxiliary heating and cooling units have recently been installed in each unit to provide tenants with additional low- cost climate control (separately metered through their electric service.
Listing Courtesy of KW Commercial
“Chris did a terrific job helping me to find just the right home and holding my hand all through the process of buying a home. Chris was always avaiable on the momentary notice to address any issue, large or small; and many times i had to wonder if he ever takes a break. I would recommend Chris for any real estate needs in a heartbeat!!! Thank you The Somers Team!”