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Key Details
Sold Price $430,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 6,500 sqft
Price per Sqft $66
Subdivision None Availabel
MLS Listing ID PANU2001280
Sold Date 04/01/24
Originating Board BRIGHT
Year Built 1934
Annual Tax Amount $3,275
Tax Year 2022
Lot Size 5,816 Sqft
Acres 0.13
Lot Dimensions 57.00 x 100.00
Property Description
Calling All Investors! Explore a remarkable investment opportunity with this impressive 13-unit apartment building. With some improvements, this 6 two-bedroom and 7 one-bedroom property presents a unique chance to expand your portfolio.
Currently, seven units are vacant, and one is currently ready for immediate rental. Ongoing construction in multiple units adds potential value, making this building a lucrative cash flow opportunity with a modest upfront investment.
Key features include recently installed central air units in the two bottom units, while the remaining 11 units have electric baseboards. Tenants cover heating expenses, except for two 1st-floor units where the owner handles heating and cooling costs.
Enhancing security, a Night Owl Surveillance system is in place, covering common areas and the exterior entrance. Additional income streams can be generated by adding washer/dryer units to the ready-to-hook-up laundry areas on the 2nd and 3rd floors.
The building boasts a new roof installed in 2022, ensuring long-term durability. With a blend of affordability and significant return potential, this is your opportunity to secure a valuable piece of real estate and elevate your investment portfolio. Don't miss out on this chance to make a strategic move in the real estate market!
Projected rents when fully occupied is $7750.
Location
State PA
County Northumberland
Area Jackson Twp (14106)
Zoning COMMERCIAL
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s)
Heat Source Electric, Natural Gas
Exterior
Garage Spaces 6.0
Utilities Available Natural Gas Available
Waterfront N
Water Access N
Roof Type Foam,Composite
Accessibility None
Parking Type Off Site, On Street, Other
Total Parking Spaces 6
Garage N
Building
Lot Description Rear Yard
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Shamokin Area
Others
Tax ID 009-01-001-243
Ownership Fee Simple
SqFt Source Estimated
Security Features Surveillance Sys
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
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Bought with Mike Lapp • Stoltzfus Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "