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Archived almost 3 years ago

$259,900

11+ bd 4+ ba 0 sqft

405 W Church Street, Lock Haven, PA 17745

Residential Quadplex Occupied

Current Rent **

$3,357

Projected Rent **

$3,700

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Kerem Demirci

Unit 1 Details
  • Current Rent: $1,057
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $950
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 3 Details
  • Current Rent: $750
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 4 Details
  • Current Rent: $600
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No

*OPPORTUNITY ZONE* Four Unit Investment Property in Lock Haven Pennsylvania (Close to Lock Haven University)

9/19/21 - Price Drop!

Take advantage of this Opportunity Zone investment opportunity. Up for sale is a fully-occupied four-unit investment property comprised of a three-story Victorian home with three rental units and a separate Carriage house with an apartment above a garage. Property includes off-street parking for all units. The property is in a highly walkable location close to Lock Haven University’s East and West Campuses, the new Geisinger Medical Clinic, and downtown. This property appeals to both families and students.

Experience additional income from on-site coin operated laundry, tenant storage, office space, and off-street parking.

Recent property improvements include a new roof in 2018, renovated second and third floor units, and various new appliances.

Current monthly gross income of $3,357. Potential remains to further increase cash-flow by raising rents and reducing expenses.

Location:

405 W Church Street, Lock Haven, PA 17745

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.