For Sale
$255,000

173-177 Union StNanticoke, PA 18634

Three-unit apartment building, excellent investment.

Overview

Added:
Dec 11, 2024
Days on market:
114
This well-maintained three-unit apartment building presents a compelling investment opportunity in the heart of Nanticoke, Pennsylvania. Located at 173-177 E Union Street, 18634, this property offers three identical units, each boasting two bedrooms and one bathroom. Each unit is equipped with its own garage. A significant advantage is that all tenants are responsible for their own utilities, minimizing the owner's operational expenses. Currently, the leases are below market value, presenting a clear opportunity to increase rental income. The property's strategic location offers easy access to key amenities and employment centers. Its proximity to Luzerne Community College, the Hanover Industrial Park, and the Chewy/Adidas Fulfillment Center ensures a consistent demand for rental units. The asking price for this turnkey investment is $255,000, representing an attractive price per unit of $85,000. This multifamily property is an ideal addition to any investor's portfolio, offering strong potential for both immediate and long-term returns. The property is situated at 41.19906 latitude and -75.998165 longitude in Luzerne County.

Highlights

  • Well-maintained three-unit apartment building in Nanticoke, PA.
  • All tenants pay their own utilities.
  • Below-market leases offer immediate rental income growth potential.
  • Three identical 2-bedroom, 1-bathroom units, each with a garage.
  • Excellent location near Luzerne Community College, Hanover Industrial Park, and Chewy/Adidas Fulfillment Center.

Property Details for 173-177 Union St

Property type
Apartment buildings
Units
3

Location Insight

City
Nanticoke
County
Luzerne
State
Pennsylvania
Latitude
41.19906
Longitude
-75.998165
173-177 Union St, Nanticoke, Pennsylvania

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173-177 Union St
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