Seeking investment capital for this opportunity. Please contact Eric Pittmann at 215-200-7665 for more details.

Sales Price: $45,000

Estimated Repairs: $6,000

Closing/Transfer Costs: $2,250

After Repair Value: $75,000

Gross Equity: $21,750

Triplex(Fully Rented)

Three 2bed/1bath units

Sq.Ft. #: 2,500

Year Built: 1910

Description:

Solid brick and stone triplex perfect for landlords and note investors. Located in the town of Scranton in Lackawanna County, Pennsylvania. Great location just north of Lehigh Valley and residents commute to Allentown/Bethlehem for work.

This opportunity is best to create a note for long-term cash flow. The subject property will need about $6k in repairs. Taxes for this property are $2,500 and 2bed/1bath units rent for approx. 650-750 per month conservatively.

Rental Analysis:

Gross Annual Income: $21,360(current rents)

Annual Insurance: $2,000

Annual Maintenance: $2,556

Annual Taxes: $2,500

10% Vacancy Rate: $2,136

Net Operating Income: $12,168

ROI: 22.85% (ROI includes $45,000 acquisition + $8,250 worth of repairs/closing costs)

Comparables:

1) 825 S. Webster Sold for $28k on 6/2018

(7 bed 3 bath) Needed total renovation

2) 731 S. Irving Ave. Sold for $142k on 11/2017

(7 bed 3 bath) Nice conditionSeeking investment capital for this opportunity. Please contact Eric Pittmann at 215-200-7665 for more details.