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Listed by HOWARD HANNA REAL ESTATE SERVICES
$ 275,000
Est. payment /mo
Active
216 E Pike St Houston, PA 15342
6,751 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1747070
HOA Y/N No
Year Built 1917
Annual Tax Amount $4,082
Lot Size 6,751 Sqft
Acres 0.155
Property Sub-Type Apartment
Property Description
Great investment opportunity with this 5 unit rental. 3 units are currently tenant-occupied, generating income from day one. Many improvements have been made to the units including new appliances, bath updates, painting, etc. All 5 units have updated electrical and are separately metered. The 2 vacant units still need finished before they are ready to market, once leased should increase monthly income by 50%. Tenants pay all utilities besides trash. Located on the Washington County Freedom Transit County Line Bus routes.
Current Cap Rate of almost 7%, potential cap rate fully leased at market rates is 11.25%
Current Cap Rate of almost 7%, potential cap rate fully leased at market rates is 11.25%
Location
State PA
County Washington
Area Houston
Zoning C
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
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