5 Unit Apt Complex for Sale- Price Reduced! - $270000 (Indiana, PA)

302 N. 8th Street near Chestnut St & N. 8th St.

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This apartment building is in a prime location in Indiana, Pa! It's walking distance to the IUP campus and downtown, but also in a quiet residential area. You have the best of both worlds with this one. All units are currently rented. Tenant pays the gas (for hot water only), electric, and water. Landlord pays the gas heat for the building as well as the sewage and trash. This is a 2 story brick building with (5) 2 bedroom units. All units are large in size with plenty of extra storage throughout each unit. Coin op laundry on site. Front landscaping has just been finished and the grass is well maintained with 6 lawn applications for weed control per year. Newer roof and trusses, all 5 bathrooms were renovated, newer efficient gas boiler, 4 new front windows & 8 side windows, newly painted hallway, newly landscaped. ***NOTE: This property was just purchased fall 2018, so we do NOT have a full year's taxes or expenses. We do know that spring taxes are $2,743.94 and fall taxes are $4,108 (NOI projections available upon request). We filed a request to lower the assessed value, so we'll (hopefully) have even lower taxes next year.***. Gross income is $40,488 with current projected NOI of $27,380.
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post id: 6959955933



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