414-416 Market StKingston, PA 18704

For Sale
$690,000

Six-unit apartment building with retail space.

Overview

Added:
Dec 11, 2024
Days on market:
93
This well-maintained six-unit apartment building, located in the heart of Kingston, Pennsylvania, presents a compelling investment opportunity. Priced at $690,000, this multifamily property boasts a strong net operating income (NOI) of $43,112. The building comprises two two-bedroom units, three one-bedroom units, and one retail space, offering a diverse income stream. Each unit is individually metered, with tenants responsible for their own utilities, minimizing landlord expenses. A small parking area is situated at the rear of the property for tenant convenience. Currently, the leases are below market value, presenting a significant opportunity to increase profitability. The property features two tax parcel identification numbers: 34H9NE1 01030A000 (lot) and 34H9NE1 010030000 (building). The address is 414-416 Market Street, Kingston, PA 18704. With a price per unit of $115,000, this property offers a solid return on investment and potential for future appreciation in a desirable location. The property's strong cash flow and below-market leases make it an attractive addition to any investment portfolio. This is a rare opportunity to acquire a well-located, income-producing property in a thriving Pennsylvania market.

Property Details for 414-416 Market St

Property type
Multifamily properties, Apartment buildings
Units
6

Location Insight

City
Kingston
County
Luzerne
State
Pennsylvania
Latitude
41.256988
Longitude
-75.893185
414-416 Market St, Kingston, Pennsylvania

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414-416 Market St
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