The Alcove at Forest Lane

Alcove at Forest Lane is a newly constructed residential community situated off Main Street (Route 73) in Schwenksville, Montgomery County, Pennsylvania. The community is set on ±2.7-acres with beautiful landscaped grounds. 

The property consists of (28) two-bedroom/two-bath units averaging 1,100 square feet. The spacious, open units feature stainless steel appliances, granite counters, a kitchen island, hardwood and tile floors, an in-unit washer and dryer, individual HVAC, and high-end finishes. The tenants enjoy on-site storage facilities, a bike room, off-street parking, and modern security features as well as a private patio or balcony which is unique to this market. 

The property is situated within the highly sought-after Borough of Schwenksville. The Alcove at Forest Lane offers residents easy access to local businesses, schools, parks, and entertainment venues. Its proximity to major transportation routes such as Routes 422, 113, and Interstate 476 (the Pennsylvania Turnpike) enhances its appeal to renters seeking convenience and connectivity. For families, there is the added benefit that the property is located in the boundaries of the top-ranked Perkiomen Valley School District which was recently recognized by NICHE as the 31st-ranked school district in the State of Pennsylvania (496 Districts polled).

The Alcove at Forest Lane offers investors the opportunity to purchase the only newly constructed multifamily property built within the last 20 years in the Borough of Schwenksville. With a household income averaging $145,000 (within a five-mile radius of the property), there will be strong demand for apartments of this caliber given the lack of new supply.

The Alcove at Forest Lane is an exceptional investment opportunity for commercial real estate investors seeking growth and stability.