For Sale
$658,000

60 Green StNanticoke, PA 18634

Seven-unit building, strong NOI, below-market leases.

Overview

Added:
Dec 11, 2024
Days on market:
114
This well-maintained seven-unit apartment building presents a compelling investment opportunity in the heart of Nanticoke, Pennsylvania. Priced at $658,000, this multifamily property boasts a Net Operating Income (NOI) of $49,447, offering a strong return on investment. The building comprises three two-bedroom units and four one-bedroom units, all with tenants responsible for their own utilities. A small parking area is located at the rear of the property for tenant convenience. Currently, leases are below market value, presenting a significant opportunity to increase profitability. The property's strategic location offers easy access to Luzerne Community College, the Hanover Industrial Park, and the Chewy/Adidas Fulfillment Center, ensuring a consistent demand for rental units. This cash-flowing asset is ideally situated in a central Nanticoke location, close to local amenities and employment centers. The property's strong occupancy and below-market leases make it an attractive investment for both seasoned and new investors seeking a stable and potentially high-growth income stream. The asking price of $658,000 translates to $94,000 per unit. This is a rare opportunity to acquire a well-positioned multifamily property in a thriving Pennsylvania community.

Highlights

  • Well-maintained apartment building in Nanticoke, PA.
  • Excellent location in the heart of Nanticoke.
  • Tenants pay all utilities.
  • Features a small rear parking area.
  • Below-market lease rates provide strong value.
  • Unit mix: 3 two-bedroom units, 4 one-bedroom units.

Property Details for 60 Green St

Property type
Apartment buildings
Units
7

Location Insight

City
Nanticoke
County
Luzerne
State
Pennsylvania
Latitude
41.20114159
Longitude
-76.00460346
60 Green St, Nanticoke, Pennsylvania

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60 Green St
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