About This Property
Fully Occupied! Grossing over $76k per year with multiple revenue streams (residential apartments, storage, commercial lease, styling studio)- this building has it all! Featuring 3 residential apartments, 3 garage bays (4 total storage spaces), styling studio, and another large open commercial space- all which are fully occupied and bringing in stable income. This diversified income generating asset would make a great addition to any seasoned investors portfolio! The sale also includes a 10-space parking lot parcel that adds even more versatility and capabilities. Property has 4 separate electric meters. as well as electric baseboard heat in each apartment. -Each apartment is estimated 1100 sq ft each. Two are 3 bedroom units, the 3rd is an oversized 1 BR and easily can be converted to two bedrooms. Two parcels (Lot 008 & 011) offered for sale together: -0.184 acres (50' x 160') with existing structure -0.149 acres (50' x 130') vacant parking lot Check docs for est cap rates. Expenses can be furnished upon request.
This property has sold and is no longer on the market. Contact us for the price and other recent sales nearby. Listed by Dream Homes Real Estate LLC.
Property Details
The Property
- Property Type
- Residential Income
- Sub-Type
- Multi Family
- Condition
- Good
Interior
- Basement
- Concrete
- Interior Features
- Drywall, Paneling
- Included
- 3 Stoves/Ranges
Systems
- Heating
- Natural Gas, Baseboard
- Water
- Public
- Sewer
- Public Sewer
Exterior & Lot
- Exterior
- Stucco, Vinyl Siding
- Roof
- Composition
- Outdoor
- Porch
- Garage
- 3 Car Attached
- Lot Dimensions
- .33 Acres
Location
- School District
- Nanticoke
- Zoning
- Other - See Remarks
Costs & Listing
- Annual Taxes
- $4,957
- Gross Income
- $76,800
- Net Operating Income
- $55,821
- Cap Rate
- 8.6%
- Last List Price
- $649,000
- MLS #
- 25-5413
- Listed By
- Dream Homes Real Estate LLC
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