7 unit investment property. Gross Rental Income: $86,100 (Projected) Net Operating Income: $69,258 (Projected) This is a rare opportunity to own a 7-unit, all-brick apartment building with large, well-laid-out units and substantial upside potential. Five of the seven apartments are currently vacant, giving you a chance to renovate cosmetically and increase rents significantly as the apartments are large. Key Highlights: - Beautiful, classic brick construction - All units separately metered for electric and water! tenants pay their own utilities - Electric heat throughout simple, low-maintenance systems - Clean, coin-operated laundry on-site - Light cosmetic work needed to push rents to market rate - Easy-to-manage investment with minimal ongoing maintenance Currently producing $19,800/year in gross income with projected rents reaching $86,100/year making this a great value-add for a smart investor.
Details
MLS#: PASK2021594 Price: $595,000
Year Built: 1920
County: SCHUYLKILL Tax Fee: 5612
School Middle: D.H.H. LENGEL School High: POTTSVILLE AREA School District: POTTSVILLE AREA
Information is believed to be accurate but should not be relied upon without verification.
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Last updated: 2025-06-26T14:51:38.000-04:00. Privacy Policy