Noble St Nanticoke, PA 18634
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 0 Noble St
- Property type
- Apartment buildings
Description
This well-maintained three-unit apartment building is ideally situated in the heart of Nanticoke, Pennsylvania, offering a compelling investment opportunity. The property consists of three identical units, each featuring two bedrooms and one bathroom. All units include a garage. A significant advantage is that all tenants are responsible for their own utilities, minimizing operational expenses for the owner. Currently, the leases are below market rates, presenting a clear path to increase profitability through future rent adjustments. The property boasts a strong net operating income (NOI) of $26,026, making it an attractive investment with a solid return potential. Its convenient location near Luzerne Community College, Hanover Industrial Park, and the Chewy/Adidas Fulfillment Center ensures consistent tenant demand. The asking price is $255,000, translating to $85,000 per unit. This represents a rare opportunity to acquire a well-positioned multifamily property in a growing area with significant upside potential. The property's strong cash flow and potential for rent increases make it an ideal addition to any investment portfolio.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nanticoke
- County
- Luzerne
- State
- Pennsylvania
- Longitude
- -75.9998
- Latitude
- 41.2005
