For Sale
$180,000

160-162 Grand StNanticoke, PA 18634

Prime Nanticoke location, three-unit apartment building.

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. Located at 160-162 E Grand St, Nanticoke, PA 18634, this multifamily property presents a strong value proposition. The asking price is $180,000, translating to $60,000 per unit. Each of the three units is currently occupied, with tenants responsible for their own utilities, minimizing the owner's operational expenses. The existing leases are below market rates, presenting a significant opportunity to increase rental income upon lease renewal. This property benefits from its proximity to key locations, including Luzerne Community College, Hanover Industrial Park, and the Chewy/Adidas Fulfillment Center, ensuring a consistent demand for rental units. The property's strong location and below-market leases make it an attractive investment for both seasoned and new investors seeking a stable and potentially high-return property in a growing area. This is a turnkey opportunity to acquire a well-maintained multifamily property with immediate cash flow potential and significant upside.

Highlights

  • Well-maintained three-unit apartment building in prime Nanticoke, PA location.
  • All units feature tenant-paid utilities.
  • Below-market lease rates provide upside potential.
  • Three-unit apartment building.
  • Excellent proximity to Luzerne Community College, Hanover Industrial Park, and Chewy/Adidas Fulfillment Center.

Property Details for 160-162 Grand St

Property type
Apartment buildings
Units
3

Location Insight

City
Nanticoke
County
Luzerne
State
Pennsylvania
Latitude
41.1987998
Longitude
-75.9977202
160-162 Grand St, Nanticoke, Pennsylvania

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
160-162 Grand St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message