325 1st St Hazleton, PA 18201

This well-maintained, four-unit apartment building in Hazleton, Pennsylvania, presents a compelling investment opportunity. Located at 325 W 1st St, 18201, this 1930-built, two-story brick structure underwent renovations in 2021, boasting a new roof, windows, furnace, and hot water heaters. The 4,742 square foot building sits on a 4,480 square foot lot and is zoned for apartment residential use. Each of the four units comprises two bedrooms and one bathroom, currently operating at 75% occupancy with month-to-month tenants. The property offers a strong net operating income (NOI) of $39,096, translating to an attractive 8.89% capitalization rate. Individual unit pricing is $110,000, with an overall asking price of $440,000 ($92.78 per square foot). Separate electric and hot water meters for each unit provide efficient utility management and potential for increased income through future upgrades. The building's long-term tenants and recent renovations contribute to its stability and potential for growth. This property is ideal for investors seeking a solid return in a stable market.