40 Pierce St Kingston, PA 18704-4620

This well-maintained, six-unit apartment building in Kingston, Pennsylvania presents a compelling value-add investment opportunity. Located in a desirable neighborhood near the vibrant downtown area, this three-story, 4,600 square foot building offers a strong pro-forma cap rate of 7.27% and a pro-forma NOI of $58,054. Built in 1940, the property sits on a 0.16-acre lot and is zoned residential. Each of the six units is designed for tenant comfort, featuring spacious layouts and modern amenities. A key advantage is that tenants are responsible for their own gas and heat, significantly reducing operating costs. Low property taxes in Kingston further enhance the net return on investment. The building's strategic location ensures high demand and stable occupancy rates, making it an attractive addition to any portfolio. The asking price is $799,000, translating to $173.70 per square foot and $133,167 per unit. This property combines consistent rental income with low maintenance requirements and proximity to Kingston's bustling downtown, offering both financial efficiency and potential for future appreciation. This is a smart and lucrative investment choice.