43 Pierce StKingston, PA 18704

Property Details for 43 Pierce St

Year built

1960

Lot size

0.15 AC

Property size (Sq ft)

6,400 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This Kingston, Pennsylvania multifamily property presents a compelling investment opportunity. The 6-unit apartment building, built in 1960, boasts 6,400 square feet situated on a 0.15-acre lot. The property features two stories and is classified as Class C. Currently priced at $799,000, this translates to $133,167 per unit and a price per square foot of $124.84. The pro-forma net operating income (NOI) is $60,752, yielding a 7.60% pro-forma capitalization rate. Tenants are responsible for gas and heat, contributing to lower operating costs for the owner. The well-maintained building offers stable income and potential for future appreciation, making it an attractive addition to any investment portfolio. Located at 43-45 Pierce Street, Kingston, PA 18704, this property offers a blend of established income and growth potential in a desirable location. The building's strong financial performance and low operating expenses make it an ideal investment for those seeking a high-return, low-risk opportunity in the multifamily market.

Location Insight

City

Kingston

County

Luzerne

State

Pennsylvania

Latitude

41.2645

Longitude

-75.8923

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