For Sale
$180,000

145 Market StNanticoke, PA 18634

Four-unit building, strong cash flow, below-market leases.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional four-unit apartment building presents a compelling investment opportunity in the thriving city of Nanticoke, Pennsylvania. Located at 145 S Market St, 18634, this well-maintained property boasts a strong net operating income (NOI) of $14,131. The asking price is $180,000, representing an attractive price per unit of $45,000. The building comprises three studio apartments and one commercial unit, offering a diverse tenant base. 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 opportunity to increase revenue through future lease adjustments. The property's strategic location in Nanticoke offers convenient access to key amenities and employment centers, including Luzerne Community College, Hanover Industrial Park, and the Chewy/Adidas Fulfillment Center. This prime location ensures consistent tenant demand and long-term stability. This is a turnkey investment ready for immediate income generation and potential appreciation. Don't miss this chance to acquire a profitable multifamily property in a desirable Pennsylvania location.

Highlights

  • $180,000 asking price for a four-unit apartment building.
  • $14,131 Net Operating Income (NOI).
  • $45,000 per unit price.
  • Well-maintained apartment building in Nanticoke, PA.
  • All tenants pay their own utilities.
  • Below-market leases provide upside potential.

Property Details for 145 Market St

Property type
Apartment buildings
Units
4

Location Insight

City
Nanticoke
County
Luzerne
State
Pennsylvania
Latitude
41.20343
Longitude
-76.0037499
145 Market St, Nanticoke, Pennsylvania

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145 Market St
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