Description
Centrally located multi-unit in Schuylkill County! Perfect investment opportunity with some serious cash flow. A look out the front door you are right across the street from Boyer's, CVS, Burger King, and the liquor store. Out the back door you can take a walk into town. Bring along the water, you'll get a beautiful breeze and rarely need A/C. Property is being sold as is and priced to sell. First floor is a 2 bedroom and 2nd floor is a one bedroom. Homeowner insurance $631/yr for $232,500 coverage thru Erie insurance
Each tenant has own water & electric meters. Owner is leaving one FULL tank of oil (2 tanks in basement). If 1st floor rent was $750 and 2nd floor was $625 ($1,375/mo = $16,500/yr)
Those rents would still be under market value for 2 water view apartments. Deduct expenses & taxes and profit is $8,633/yr at $100,000 offer($8,633 profit) That's 8.6 % return on the investment…NOWHERE will anyone get 8.6 % back on your money. Property accessed at $126,000. Appliances included!
PER UNIT - Trash $51/quarter, Water $113-118/quarter, Sewage $130/quarter, Oil usage depends on temps. Use is average of 1200-1400 gals/year with tenants keeping thermostats at 68 degrees.
Location
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Courtesy of: Coldwell Banker Realty Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 19th August, 2022 4:51 PM (UTC)
