55-57 Loomis StNanticoke, PA 18634

Property Details for 55-57 Loomis St

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This well-maintained, two-unit apartment building presents a compelling investment opportunity in the heart of Nanticoke, Pennsylvania. Located at 55-57 Loomis Street, this property offers two spacious units: a three-bedroom unit and a four-bedroom unit. Each unit is individually metered, with tenants responsible for their own utilities, minimizing landlord expenses and maximizing rental income. Currently, the leases are below market value, presenting a significant opportunity to increase profitability. The property's strategic location offers easy access to key amenities and employment centers. It's conveniently situated near Luzerne Community College, the Hanover Industrial Park, and the Chewy/Adidas Fulfillment Center, ensuring a consistent demand for rental units. The asking price for this turnkey investment is $170,000, representing an attractive price per unit of $85,000. This property is ideal for investors seeking a stable, cash-flowing asset with significant upside potential. The property is situated in Luzerne County, Pennsylvania, with a zip code of 18634. This is a rare opportunity to acquire a well-located, income-producing property in a growing area. Don't miss out on this chance to add a valuable asset to your portfolio.

Location Insight

City

Nanticoke

County

Luzerne

State

Pennsylvania

Latitude

41.2074

Longitude

-75.9915

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