17 Unit Proposal in Hazelton PA

[Rafael Norat]

ATTENTION Lenders (Conventional or Private),

I have an offer to purchase 17 units in total (4 Unit, 6 Unit, and 7 Unit) in Hazelton, PA

- Completely functional

- 16 out of 17units rented

- No major repairs needed

- Purchase price = $315k (As-Is should easily appraise for $350k+)

- Seller is willing to carry back $50k in second position

- Gross Yearly rents ~ $90k

- Valued at $450k assuming 12% Cap rate   

Please PM me if interested. I am more than willing to put together a full report and submit any docs needed to assist in the process.

FYI: Hazelton PA is a typical blue-collar area. Of note, Hazelton does have an industrial park which creates a majority of the jobs in the area. Amazon recently opened up a facility there creating ~ 3000 jobs. There has been a lot of influx from NJ/NY into the area in the past 2 years.

Thanks.

Rafael