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OFF-MARKET
Apartment buildings

173-177 Union St Nanticoke, PA 18634

Property ID
Property summary
AI-generated overview

This well-maintained three-unit apartment building presents a compelling investment opportunity in the heart of Nanticoke, Pennsylvania. Located at 173-177 E Union Street, 18634, this property offers three identical units, each boasting two bedrooms and one bathroom. Each unit is equipped with its own garage. A significant advantage is that all tenants are responsible for their own utilities, minimizing the owner's operational expenses. Currently, the leases are below market value, presenting a clear opportunity to increase rental income. The property's strategic location offers easy access to key amenities and employment centers. Its proximity to Luzerne Community College, the Hanover Industrial Park, and the Chewy/Adidas Fulfillment Center ensures a consistent demand for rental units. The asking price for this turnkey investment is $255,000, representing an attractive price per unit of $85,000. This multifamily property is an ideal addition to any investor's portfolio, offering strong potential for both immediate and long-term returns. The property is situated at 41.19906 latitude and -75.998165 longitude in Luzerne County.

Property profile
Verified
Property type Apartment buildings
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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