Evergreens Apartments 379 S Main St Immeuble residentiel 6 lots 1 388 415 € (231 402 €/Lot) Taux de capitalisation 9 % Montrose, PA 18801

“The Evergreens” is a very well maintained, classically styled, efficiently configured and fully-leased apartment building containing 2 one-bedroom apartments and 4 two-bedroom apartments. Located in Montrose Pennsylvania, this property is located in the center of the Marcellus Shale region and the heart of natural gas & fracking industry. This property has been consistently been a primary rental location for several of the largest gas companies & their contractors at well above market rents due to limited housing in the region. New ownership can continue with the owner’s successful model which includes fully furnished units, a service providing linens, cleaning and other tenant amenities and a nightly / weekly leasing model which is well-suited to the gas industry. Or a new owner can elect to shift to a more traditional leasing model. This property offers off-street parking and on-site washer/dryer for tenant use. The Seller also owns the Wilson Street Apartments and 1405 Heart Lake Road, both also located in the Montrose area, fully-leased and also available for purchase. The list pricing for this property has been established to create a strong investment opportunity with the existing operational model, current & historical NOI and balanced with local market rents. Multi-year rental financial reporting available upon request.