100 3rd St - Apartments FOR SALE


Renovo, PA 17764
$850,000 USD
310-409-7225
100 3rd St, Renovo, PA for Sale
$850,000 USD
Apartments - FOR SALE
1/17
null | 15.12% Cap Rate

100 3rd St
Renovo, PA 17764


HIGHLIGHTS

  • Rent Increment: Following the proposed renovations, we project the feasibility to upscale rents to $600/month per unit.
  • Coin Laundry Initiative: Strategically, we plan to inaugurate a coin laundry facility in the basement.
  • Restaurant & Bar Lease: An exciting feature of our hotel is the restaurant space, inclusive of a bar.
  • Asset Appreciation: The envisaged renovations, combined with the diversified revenue sources, are poised to enhance immediate cash flow.
  • Revenue Diversity: With the addition of coin laundry and the stable income from the NNN restaurant & bar lease.
  • Strategic Market Positioning: Post-renovations, Yesterday's Hotel will be distinctively positioned, catering to upscale clientele.

OVERVIEW

The highest and best use for Yesterday’s Hotel lies in repositioning this historic property into a sustainable, high-yield residential hybrid. With approximately 31,000 square feet of usable space across five floors, the building offers substantial flexibility for adaptive reuse at an attractive acquisition basis of roughly $27 per square foot, creating immediate upside for the right operator. Through efficient reconfiguration and strategic adaptive reuse, Yesterday’s Hotel can evolve into a sustainable, high-yield residential asset that balances community revitalization with strong investor returns. By giving every unit its own private bathroom, integrating kitchenettes, activating the restaurant and ballroom for ancillary income, and leveraging USDA financing and Opportunity Zone benefits, this property offers a unique combination of stability, scalability, and tax efficiency. For the right operator, it represents a rare opportunity to build generational cash flow with minimal downside in a protected rural market.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$27 USD /SF

# OF UNITS

58

PRICE/UNIT

$14,655

CAP RATE

15.12%

% LEASED

59%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

C-4

APN/PARCEL ID

033-16683

ASK ABOUT THIS PROPERTY

Mohamed KhanMohamed KhanMore Info
310-409-7225

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Mohamed KhanMohamed KhanMore Info
310-409-7225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.