Apartment building $180000 15000ft2

Located in PA
Selling by owner
Building is vacant
Zoning — Commercial residential
Asking Price 180k -Clean title — No violations
ARV $850k+
Cap rate of around 33%
Lot Size 88×60
Public parking in front of the building
Repair estimate 100 to 200k
15,000 Square feet plus 5000 Square feet in the basement
$1,200 in property tax a year
Each unit has its own electric and water meter
1 bedroom apartments — 16
2 bedroom apartments — 4
Previous rent roll on 1 to 2 bedroom is $550 to $700
Potential cash flow of around $130k+ annually
$14k in annual operating expenses

Nearby cities
Scranton, Harrisburg, Williamsport, Bloomsburg, Reading, Sunbury, Elysburg

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