12-Unit Multi-Family in PA

[Kevin D.]

For Sale 12 Units, 2 adjacent parcels with 6 units in each building. 10 1BR/1BA and 2 2BR/1BA. Property is located in Kingston, PA. Near Wilkes-Barre and Scranton, PA. Disclosure: Owner is a licensed real estate agent in PA. Property is not currently on the MLS. Ask Price $565,000, Pro forma Asking Cap: 10.18%. Please email for more information: [email protected]

Rents need to be increased, but stabilized, the Pro Forma P&L is as follows:
Rental Revenue $93,000
Vacancy $5,580
City Rental Fees $300
Insurance $2,712
Levee Fees $808
Property Taxes $7,063
Utilities $9,522
Sewer $1,848
R&M $7,657
Total Epenses $35,490
NOI $57,510