For Sale
$255,000

0 Noble StNanticoke, PA 18634

Three-unit apartment building, strong NOI, below-market leases.

Overview

Added:
Dec 11, 2024
Days on market:
114
This well-maintained three-unit apartment building is ideally situated in the heart of Nanticoke, Pennsylvania, offering a compelling investment opportunity. The property consists of three identical units, each featuring two bedrooms and one bathroom. All units include a garage. A significant advantage is that all tenants are responsible for their own utilities, minimizing operational expenses for the owner. Currently, the leases are below market rates, presenting a clear path to increase profitability through future rent adjustments. The property boasts a strong net operating income (NOI) of $26,026, making it an attractive investment with a solid return potential. Its convenient location near Luzerne Community College, Hanover Industrial Park, and the Chewy/Adidas Fulfillment Center ensures consistent tenant demand. The asking price is $255,000, translating to $85,000 per unit. This represents a rare opportunity to acquire a well-positioned multifamily property in a growing area with significant upside potential. The property's strong cash flow and potential for rent increases make it an ideal addition to any investment portfolio.

Highlights

  • $255,000 asking price for a three-unit apartment building.
  • $26,026 Net Operating Income (NOI).
  • Three units, each a two-bedroom, one-bathroom apartment.
  • $85,000 per unit price.
  • Well-maintained property in Nanticoke, PA, near Luzerne Community College and major employers.
  • Tenants pay all utilities.

Property Details for 0 Noble St

Property type
Apartment buildings
Units
3

Location Insight

City
Nanticoke
County
Luzerne
State
Pennsylvania
Latitude
41.200534
Longitude
-75.999842
Noble St, Nanticoke, Pennsylvania

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0 Noble St
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