145 Market StNanticoke, PA 18634

Property Details for 145 Market St

Lot size

0.02 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

42-J7NE4-009-21A

APU

42J7NE400921A

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $134,439

  6.5%

  $124,097

  7%

  $115,233

• Comparable approach

  Method

  Valuation

  Relative Method

  $66,788

  Geo Method

  $113,805

• Alternative Use

  Use

  Valuation

  Residential

  $153,881

  Hospitality

  $140,954

  Educational

  $117,272

  Medical

  $121,305

  Retail

  $182,423

Location Insight

City

Nanticoke

County

Luzerne

State

Pennsylvania

Latitude

41.2034

Longitude

-76.0038

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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