160-162 Grand StNanticoke, PA 18634

Property Details for 160-162 Grand St

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This well-maintained three-unit apartment building is ideally situated in the heart of Nanticoke, Pennsylvania, offering a compelling investment opportunity. Located at 160-162 E Grand St, Nanticoke, PA 18634, this multifamily property presents a strong value proposition. The asking price is $180,000, translating to $60,000 per unit. Each of the three units is currently occupied, with tenants responsible for their own utilities, minimizing the owner's operational expenses. The existing leases are below market rates, presenting a significant opportunity to increase rental income upon lease renewal. This property benefits from its proximity to key locations, including Luzerne Community College, Hanover Industrial Park, and the Chewy/Adidas Fulfillment Center, ensuring a consistent demand for rental units. The property's strong location and below-market leases make it an attractive investment for both seasoned and new investors seeking a stable and potentially high-return property in a growing area. This is a turnkey opportunity to acquire a well-maintained multifamily property with immediate cash flow potential and significant upside.

Location Insight

City

Nanticoke

County

Luzerne

State

Pennsylvania

Latitude

41.1988

Longitude

-75.9977

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