Turn Key Three Family in Great Location!
550 Hollenbeck Street / 14621 Neighborhood
Two one bedroom apartments and one 3 bedroom- $74,900
Three family in great location sports great cash flow at 15% cap rate and a $11,162 current net operating income.
Rents are below market and could be pushed $200 a month to drive value and cash flow! Property features new vinyl siding on front and driveway side. Soffits wrapped in vinyl.
New paint and carpeting in hallway! Hardwood floors throughout! Some new furnaces and hot water heaters! Newer roof with architectural shingles!
Apt 1 - 3 Bedroom 1 Bath $750 per month
Apt 2 - 1 Bedroom 1 Bath $525 per month
Apt 3 - 1 Bedroom 1 Bath $500 per month
CASH FLOW ANALYSIS AND PRO FORMA BELOW