1363 Frankstown Rd, Johnstown, PA 15902

Description

A rare opportunity in the Johnstown investment market! This property offers an exceptional combination of extensive recent renovations, strong existing rental income, and significant additional income potential. Situated on a spacious 0.72 acre lot, the property features an impressive three-story brick building housing four apartments and a separate cottage serving as the fifth unit. The entire property has undergone extensive renovations within the past five years, including updated kitchens, bathrooms, flooring, and new appliances. A new roof in 2020 adds to the substantial capital improvements made to the property. Three units are currently leased, generating $3,550 per month, with two vacant units offering the potential for an additional $2,000+ in monthly rental income. At full occupancy, gross rental income exceeds $65,000 annually! Situated along Frankstown Road just minutes from downtown Johnstown and Richland Township, this property offers convenient access to both areas. An excellent addition to an established portfolio or an attractive opportunity for a first-time investor!