216 E Pike St, Houston, PA 15342

$275,000
Active for Sale
 
Listing ID 11633320
Property Type Multi-Unit (2-4)
County Washington
Total Tax $4,082
FEMA Flood Map fema.gov/portal
Year Built 1917
Virtual Tour
Great investment opportunity with this 5 unit rental. 3 units are currently tenant-occupied, generating income from day one. Many improvements have been made to the units including new appliances, bath updates, painting, etc. All 5 units have updated electrical and are separately metered. The 2 vacant units still need finished before they are ready to market, once leased should increase monthly income by 50%. Tenants pay all utilities besides trash. Located on the Washington County Freedom Transit County Line Bus routes. Current Cap Rate of almost 7%, potential cap rate fully leased at market rates is 11.25%
Property Details
  • 0.16 Acres
  • Built in 1917
  • 5 Units
  • Tenant Occupancy
Taxes and Fees
  • $4,082 Total Tax
Listed By
HOWARD HANNA REAL ESTATE SERVICES
Office: 412-561-7400
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