Great investment opportunity with this 5 unit rental. 3 units are currently tenant-occupied, generating income from day one. Many improvements have been made to the units including new appliances, bath updates, painting, etc. All 5 units have updated electrical and are separately metered. The 2 vacant units still need finished before they are ready to market, once leased should increase monthly income by 50%. Tenants pay all utilities besides trash. Located on the Washington County Freedom Transit County Line Bus routes.
Current Cap Rate of almost 7%, potential cap rate fully leased at market rates is 11.25%
For sale
$325,000
216 E Pike St, Houston, PA 15342
5beds
5baths
--sqft
Est.:
Multi Family
Built in 1917
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
New appliancesBath updates
- 2 days |
- 113 |
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