109 Thomas Ave 11, Kingston, PA 18704-5533

This exceptional investment opportunity presents an eight-unit apartment building located at 109 N Thomas Ave, Kingston, PA 18704. The property, built in 1920, boasts 6,500 square feet across two stories and sits on a 0.09-acre lot. Currently zoned C2, this Class C multifamily building offers a compelling value-add proposition. With eight units, each priced at $124,875, the asking price is $999,000, translating to a price per square foot of $153.69. The property's strong financial performance is highlighted by a pro-forma NOI of $78,032 and a pro-forma cap rate of 7.81%. Situated in Kingston's thriving downtown, this building benefits from its proximity to a vibrant array of shops, restaurants, and entertainment venues, ensuring high tenant demand. The building is in excellent condition, requiring minimal maintenance, promising a steady stream of rental income and significant potential for future value appreciation. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location. The property's combination of strong financials, prime location, and minimal maintenance requirements makes it an ideal investment for discerning buyers seeking a stable and profitable addition to their portfolio.