43 Pierce StKingston, PA 18704

For Sale
$799,000

Solid income, low costs, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This Kingston, Pennsylvania multifamily property presents a compelling investment opportunity. The 6-unit apartment building, built in 1960, boasts 6,400 square feet situated on a 0.15-acre lot. The property features two stories and is classified as Class C. Currently priced at $799,000, this translates to $133,167 per unit and a price per square foot of $124.84. The pro-forma net operating income (NOI) is $60,752, yielding a 7.60% pro-forma capitalization rate. Tenants are responsible for gas and heat, contributing to lower operating costs for the owner. The well-maintained building offers stable income and potential for future appreciation, making it an attractive addition to any investment portfolio. Located at 43-45 Pierce Street, Kingston, PA 18704, this property offers a blend of established income and growth potential in a desirable location. The building's strong financial performance and low operating expenses make it an ideal investment for those seeking a high-return, low-risk opportunity in the multifamily market.

Highlights

  • Kingston 6-unit apartment building offering stable income and low operating costs.
  • Tenants pay gas and heat, minimizing operating expenses.
  • Well-maintained property presenting a strong investment opportunity with potential for appreciation.
  • Attractive addition to any investor's portfolio.

Property Details for 43 Pierce St

Property type
Multifamily properties, Apartment buildings
Square Feet
6,400 SF
Class
C
Year Built
1960
Buildings
1
Stories
2
Lot Size (sq. ft)
6,534 SF
Units
6

Location Insight

City
Kingston
County
Luzerne
State
Pennsylvania
Latitude
41.264539240268
Longitude
-75.892293083924
43 Pierce St, Kingston, Pennsylvania

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43 Pierce St
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