$749,000

Various Addresses

FREELAND PA, 18224

Description

The Portfolio consists of 15 units made up of single-family and multifamily properties concentrated in Freeland, PA along the explosive I-81 industrial/warehouse corridor. The asset mix consists of (6) single family homes, (1) quadraplex, (1) twin/duplex, and (1) triplex/row. Each of the properties has been fully renovated. The average rent across the Portfolio is only $635. With in-place rents well below market and all tenants on MTM leases, there is an easy opportunity for new ownership to increase revenue by 15-20% by simply providing rent increase notices to tenants.

Details

MLS#PALU103618
Listing TypeFor Sale
Sub-TypeResale
Status10000069142
Year1950
Days On Site30

Features

Units4
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Area Information
StatePA
CountyLUZERNE-PA
CityFREELAND
Zip Code18224
AreaFreeland Borough (13725)
Listing VS Median (in 18224)
Price:
$749,000
low | high
Med:
$443,950
90.727636849132% of Average
On Site:
30
low | high
Med:
47
63.829787234043% of Average
Sourced by Back At You
Listing Updated: March 2, 2021 8:30:26 PM PST
Antonio DiCianni LogoMLS Number: PALU103618
Listing Provided By:
Antonio DiCianni  of  KW Commercial
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