173-177 Union St Nanticoke, PA 18634
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 173-177 Union St
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nanticoke
- County
- Luzerne
- State
- Pennsylvania
- Longitude
- -75.9982
- Latitude
- 41.1991
