Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Natural Gas, Central

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    5.0

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $18,600,000

  • Tax Amount

    152626.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

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Location

County

MONTGOMERY

Elementary School

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High School

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This phenomenal opportunity is a terrific expansion of any real estate portfolio. Woods Edge offers a value proposition and the opportunity to acquire an asset at below market replacement costs. Rental growth will be fueled by the limited new supply of muti-family apts. and the strong job market and growth in this location and all suburban Philadelphia.  In addition, it offers a potential opportunity of conversion to for-sale condos.

The proximity to the PA Turnpike’s Northeast Extension, Rt. 309 and 63 and the downtown districts of Lansdale and Ambler Boroughs, quaint Village of Skippack combined with public transportation and Septa R-5 generates tenant demand and the ability to maintain market rents while also offering the possibility of a condo conversion. The multiple business plans ensure the quality of the investment and desirability of this property. Current ownership has held it as an investment in their portfolio for over 30+ years. The property overall has been well maintained and a stable tenant base, with a long-term turnover rate of less than 6% year-over-
year.

701 WEIKEL ROAD

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