1225 Main St Old Forge, PA 18518

This exceptional investment opportunity presents a well-maintained six-unit apartment building located at 1225 S Main St, Old Forge, PA 18518. The property, built in 1920, boasts 5,321 square feet across three stories and sits on a spacious lot that includes an additional parcel. This presents significant potential for expansion, additional parking, or other development projects. The building is zoned CT009. Five of the six units are currently rented, generating immediate income. Each unit features individually metered electricity, simplifying tenant management. The landlord provides comprehensive services, including water, gas, sewer, taxes, insurance, snow removal, and lawn care, minimizing operational burdens. The asking price is $549,900, translating to $103.35 per square foot and $91,650 per unit. Note that flood insurance is required for this property. This turnkey investment offers a strong return and significant upside potential in a desirable location. The property's solid rental history and comprehensive landlord services make it an attractive option for investors seeking a stable and profitable venture. The inclusion of an additional lot further enhances the long-term value and development possibilities.