Property profile

55-57 Loomis St Nanticoke, PA 18634

OFF-MARKET
Apartment buildings
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Property summary

AI-generated overview

This well-maintained, two-unit apartment building presents a compelling investment opportunity in the heart of Nanticoke, Pennsylvania. Located at 55-57 Loomis Street, this property offers two spacious units: a three-bedroom unit and a four-bedroom unit. Each unit is individually metered, with tenants responsible for their own utilities, minimizing landlord expenses and maximizing rental income. Currently, the leases are below market value, presenting a significant opportunity to increase profitability. The property's strategic location offers easy access to key amenities and employment centers. It's conveniently situated near Luzerne Community College, the Hanover Industrial Park, and the Chewy/Adidas Fulfillment Center, ensuring a consistent demand for rental units. The asking price for this turnkey investment is $170,000, representing an attractive price per unit of $85,000. This property is ideal for investors seeking a stable, cash-flowing asset with significant upside potential. The property is situated in Luzerne County, Pennsylvania, with a zip code of 18634. This is a rare opportunity to acquire a well-located, income-producing property in a growing area. Don't miss out on this chance to add a valuable asset to your portfolio.

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

Location

55-57 Loomis St Nanticoke, PA 18634
Nanticoke metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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