113 Lackawanna Avenue, Olyphant, PA 18447
Supplements: Several of the apartments have been recently remodeled, providing modern appeal while still leaving room to increase rents currently below market value ideal for investors looking to boost returns. The property boasts an impressive 9% Cap Rate, making it a standout addition to any portfolio. Additional highlights include off-street parking for tenants, a corner lot location that draws consistent foot and vehicle traffic, and long-term potential in a thriving area. Whether you're expanding your investment portfolio or seeking a reliable income-producing asset, this property delivers the perfect mix of location, stability, and upside potential. One vacant store front when rented would increase the NOI to over $70,000 and the cap rate to an 11 now thats a great deal ! Key Features: 7 total units: 5 residential + 2 storefronts Corner property on a busy street High visibility and walkable location Some units newly remodeled Below-market rents = value-add potential Off-street tenant parking Strong 9% Cap Rate rent the vacant store front for an 11 CAP Don't miss this exceptional income opportunity schedule your showing today! 48 hour notice must be given to current tenants for showings Owner has 2 other multi units for sale for a possible portfolio discount.