Centrally located multi-unit in Schuylkill County! Perfect investment opportunity with some serious cash flow. A look out the front door you are right across the street from Boyer's, CVS, Burger King, and the liquor store. Out the back door you can take a walk into town. Bring along the water, you'll get a beautiful breeze and rarely need A/C. Property is being sold as is and priced to sell. First floor is a 2 bedroom and 2nd floor is a one bedroom. Homeowner insurance $631/yr for $232,500 coverage thru Erie insurance
Each tenant has own water & electric meters. Owner is leaving one FULL tank of oil (2 tanks in basement). If 1st floor rent was $750 and 2nd floor was $625 ($1,375/mo = $16,500/yr)
Those rents would still be under market value for 2 water view apartments. Deduct expenses & taxes and profit is $8,633/yr at $100,000 offer($8,633 profit) That's 8.6 % return on the investment…NOWHERE will anyone get 8.6 % back on your money. Property accessed at $126,000. Appliances included!
PER UNIT - Trash $51/quarter, Water $113-118/quarter, Sewage $130/quarter, Oil usage depends on temps. Use is average of 1200-1400 gals/year with tenants keeping thermostats at 68 degrees.