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ALL SEPARATE UTILITIES in this Fully Renovated 10-Unit Apartment Building with Commercial Space. Gross $94,800. NET 85,063.60 and ONLY $9,736.40 a year in expenses! 9 CAP all leases are month to month with the ability to raise rents. Coin laundry on siteCommercial space is not renovated but can easily be office space, sub shop, orWalkable to shops and transportation ,with easy access to Rt 81 transportation. This property has been completely renovated with the proper city permits and inspections. NEW ELECTRICAL , HEATING, PLUMBING, ROOF, FLOORS, WALLS ! This 10 unit offers storage space and coin operated laundry in a solid brick building. Tenants enjoy off-street parking in the private lot and easy access to Interstate 81, making this a highly desirable location for commuters. The building is fully rented, producing strong and reliable income. Additional income provided by coin operated laundry and offering monthly rental of the tenant storage area. =? Current Gross Rental Income: $96,000=?? Net Operating Income (NOI): $86,263.40 Whether you're expanding your portfolio or seeking a low-maintenance income property, this one checks all the boxes!Owner also has a second listing of an 8 unit building 50-54 E Chestnut St WB for a package deal ! Owner is motivated to sell bring a fair offer and close on this unicorn before the holidays! 8 one bed units $8501 Two bed unit $1,200Gross $96,000 yearlyMininmal Expenses at $11,000 yearlyTaxes $4,336Insurance $ 3,500Net $77,164
Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.
Listed By
Agency Name: eXp Realty- Scranton/Wilkes-Barre
Shown By
Agency Title: Lewith & Freeman
Agency Phone: (570) 288-9371