Description
Exceptional investment opportunity in the heart of Stewartstown featuring this fully occupied 10-unit multifamily property located at 3 N Main St. With strong in-place income and significant recent capital improvements, this asset offers both immediate cash flow and long-term stability for investors seeking a turnkey addition to their portfolio.The property has undergone extensive recent renovations, including 5 newly updated kitchens, new flooring throughout multiple units and common areas, and updated appliances. Additional maintenance and system updates include roof inspections and a recently serviced boiler, helping minimize deferred maintenance concerns. Tenants benefit from off-street parking and a convenient in-town location close to local amenities and commuter routes.Current pro forma financials project an annual gross scheduled rent of $124,800 with a 5% vacancy factor, resulting in an effective gross income of approximately $118,560. Operating expenses are estimated at $31,536 annually, producing a projected net operating income of approximately $87,024.A stabilized, income-producing multifamily asset with recent improvements and strong occupancy, this property presents an outstanding opportunity for both seasoned and emerging investors.
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01/2 BATHS
Description
Exceptional investment opportunity in the heart of Stewartstown featuring this fully occupied 10-unit multifamily property located at 3 N Main St. With strong in-place income and significant recent capital improvements, this asset offers both immediate cash flow and long-term stability for investors seeking a turnkey addition to their portfolio.The property has undergone extensive recent renovations, including 5 newly updated kitchens, new flooring throughout multiple units and common areas, and updated appliances. Additional maintenance and system updates include roof inspections and a recently serviced boiler, helping minimize deferred maintenance concerns. Tenants benefit from off-street parking and a convenient in-town location close to local amenities and commuter routes.Current pro forma financials project an annual gross scheduled rent of $124,800 with a 5% vacancy factor, resulting in an effective gross income of approximately $118,560. Operating expenses are estimated at $31,536 annually, producing a projected net operating income of approximately $87,024.A stabilized, income-producing multifamily asset with recent improvements and strong occupancy, this property presents an outstanding opportunity for both seasoned and emerging investors.
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