738 Wood St #742, Clarion, PA 16214

Sold as one time showing. 8 units in two buildings. 6 two bedroom units and 2 units are three bedrooms. All fully occupied as student renal. Leased through 2023. Rent was $2,900/student per semester for 2 bedroom units and $2,500/student for three bedroom units. All utilities included in rent. Gross income was $99,600/year. Utility expense was $18,200 and taxes were $5050. Storm water fee was $500/year and insurance was $2,800/year. Seller put in 10% of gross income for maintenance or about $10,000/year. Units were in very good condition. Both structures were predominantly remodeled on exterior and interior. Each unit had central air (split system) and included a washer/dryer in each unit. Only 1 block from Clarion University (PennWest Clarion) in a fantastic student location. Campus was almost across street. On site paved parking. Some of the nicest student rental units in the area.