114 College Ave - Apartments FOR SALE


Factoryville, PA 18419
$710,000 USD
570-207-4100
114 College Ave, Factoryville, PA for Sale
$710,000 USD
Apartments - FOR SALE
1/8
null | 8.77% Cap Rate

114 College Ave
Factoryville, PA 18419


HIGHLIGHTS

  • Stable tenants
  • 100% leased
  • Renovations done
  • private parking lot
  • close proximity to local amenities for tenants
  • close proximity to route 6

OVERVIEW

Investment opportunity consisting of 2 parcels. Parcel 1: 114 College Avenue (pin # 05-055.2-070-00 ) 7-unit multifamily apartment building with a pole barn in the rear of the lot. Apartment building is 100% leased with stable tenants. Trash is taken care of with communal dumpster located in the rear of the property. Private parking for tenants is located in the rear of the property to the north of the Barn. Building has been updated over time with repairs performed as needed. Each unit has electric baseboard heat. The roof was recently repaired and a new layer added last year (2024). Pole barn in the rear is currently empty but could be used by landlord for storage or potential future lease income. Tenant amenities include being within walking distance of Dollar General and the local Post Office. Route 6 is less than a quarter mile away and can be accessed via Maple Street, Depot Street, and College Avenue. Local Park with playground, trails, and sport fields are within a quarter mile. Gas Station is also within a quarter mile. *NOI can be provided following Non-Disclosure Agreement signing. Parcel 2: 118 College Avenue (pin # 05-055.2-069-00) Ground lease with PS Bank. *Financials can be provided with signing of Non-Disclosure Agreement.

FOR SALE DETAILS

PRICE

$710,000 USD

PRICE/SF

$173 USD /SF

# OF UNITS

7

PRICE/UNIT

$101,429

CAP RATE

8.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,833 SF

ZONING

Village Commercial

APN/PARCEL ID

05-055.2-069-00-00-00-1,05-055.2-070-00-00-00-1

ASK ABOUT THIS PROPERTY

Bryson JonesHinerfeld Commercial Real EstateMore Info
570-207-4100

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Bryson JonesHinerfeld Commercial Real EstateMore Info
570-207-4100

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