Do Real Estate on the Go!
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Do Real Estate on the Go!
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$299,000
5 Beds
- 5 Baths
--sqft
216 E Pike St, Houston, PA 15342
$299,000
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Multi Family
Built in 1917
$-- HOA
0.15 acre lot
--/sqft
Description
Great investment opportunity with this 5 unit rental. 3 units are currently tenant-occupied, generating income from day one. Many improvements have been made to the units including new appliances, bath updates, painting, etc. All 5 units have updated electrical and are separately metered. The 2 vacant units still need finished before they are ready to market, once leased should increase monthly income by 50%. Tenants pay all utilities besides trash. Located on the Washington County Freedom Transit County Line Bus routes. Current Cap Rate of almost 7%, potential cap rate fully leased at market rates is 11.25%
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1917
HOA Fees
-
Finished Area
- sqft
Lot Size
0.15 acre lot
Basement Area
- sqft
MLS Name
West Penn MLS
MLS Number
1727127
MLS Status
Active
Days on Market
100
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