Turnkey investment opportunity available. This is a 13 unit studio apartment building and parking lot. High cash flowing investment with property management in place and available to continue with new ownership. New roof in 2024 along with gutters and downspouts repaired and sealed, several apartments recently renovated and new appliances installed, boiler recently serviced, sewer inspection passed, on site coin operated laundry (machines leased for zero maintenance), stabilized investment ready for it’s new owner. Many tenants receive section 8 or social security assistance to provide a more reliable form of payment. This apartment building has passed all local housing authority inspections for living conditions, functionality of appliances and utilities, fire extinguishers, smoke and carbon alarms. All leases are now Pennsylvania Association of Realtors lease agreements managed by a licensed property manager. Pictures of units are from previous apartment listings. Offered at a very attractive cap rate and an absolutely fantastic pro-forma cap rate based on fair market rents for this zip code. This property comes with a parking lot with 14 spaces, some of which are included in renter’s lease, however 4 are currently leased separately to local businesses and employees. CALL or TEXT 724 496 1063 or email ashingleton@tprsold.com for questions and details. Video tour available upon request. Showings require proof of funds or bank approval. Investment Highlights: Rent Roll 1. $750 2. $600 3. $850 (Feb move out, increase to $925) 4. $800 5. $600 6. $600 7. $675 8. $750 9. $750 10. $900 11. $750 12. $750 13. $750 Gross Yearly Rent of $115,200. Additional paid parking spots $25 per spot, 4 currently leased grossing $1,200. Utilities are $23,394.36 yearly. Insurance $2,128. Taxes $5,669 (Building) $557.25 (Parking Lot) Totaling $31,748 yearly expenses. Current NOI for rent and parking combined of $84,652. PRO FORMA is based on increasing rents to the section 8 fair market value of $1,001 per unit totaling $156,156 gross yearly and a pro forma NOI of $125,608. Some items that are not mentioned are coin op laundry lease of $53 a month providing income approx $100-$150 (property manager collects and deposits). Lawn service $25 twice a month (summer only). Common area carpet cleaning $150 approx once a year. Property Manager is aware of the listing and is also available for questions upon request.