232 S Diamond St

Description

Attention Investors:This 12-property portfolio is seeking new owners. Properties are situated in Shamokin, Lansford, Lewistown, and Sunbury, with some vacancies. The majority of occupied properties are month-to-month leases, with tenants responsible for utilities, facilitating a smooth transition for new owners.Undervalued rents present substantial potential within this portfolio. The current owner assumes responsibility for sewer and tax payments, resulting in annual expenses of $16,776. Annual rents amount to $65,520(Potential Annual Rents $149,160), generating a cash flow of $48,744.Eight properties are currently occupied, six of which are month-to-month leases. Two longer-term leases conclude in December 2026, leaving four vacant properties that can be rented for premium rates upon renovation.This portfolio presents a confluence of favorable factors: a motivated seller, undervalued rents, vacant properties, and opportunities for growth and improvements. With the appropriate strategy, this portfolio can transform into a highly lucrative asset.Currently, the portfolio offers a 6.6% Cap Rate. By increasing rents to market rates, it can provide for a lifetime of income. Schedule a showing to make this portfolio yours. This portfolio consists of **815 E Webster St Shamokin PA(3B 1B $900).... **918 Race St Shamokin PA(3B 1.5B Owner Occupied).... **35 Hibridge Cir Lewistown PA(3B 1B Vacant).... **6 & 28 S Franklin St Shamokin PA(2B 1B Each $625 & $600).... **513 W Mulberry St Shamokin PA(3B 1B $650 Additional Lot).... **135 E Arch St Shamokin PA(3B 1B $650).... **123 N Grant St Shamokin PA(4B 1B Vacant).... **212 E Snyder Ave Lansford PA(2B 1B $625).... **444 Kreamer Ave Sunbury PA(4B 1B $910).... **4685 Upper Rd Shamokin PA(3B 1B Vacant).... and 34 N Rock St Shamokin PA(5 Garage Bays $500)!