632 E State St - Apartments FOR SALE


Sharon, PA 16146
$2,500,000 USD
724-654-5555
632 E State St, Sharon, PA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/2
null | 5.83% Cap Rate

632 E State St
Sharon, PA 16146


OVERVIEW

No cell tower income, previous owner sold the lease. Price will increase as rehab gets done. ?? **Prime Investment Opportunity in Sharon, PA!** OWNER FINACING AVAILBLE @5% The property was under bad management and is now vacant. It needs cleaned out and fix some code violations which were mainly co2 detectors and smoke detectors. Overall the building it self is in good shape. Any questions feel free to reach out. Unlock the potential of real estate investment with this exceptional 52-unit apartment building, strategically located in Sharon, PA. Offering a blend of affordability and potential, this property presents an unparalleled opportunity for investors. ?? **Key Features:** - **52 Units:** Diverse range of units ensuring steady rental income. - **Easy Clean-Up:** Minimal effort needed for rejuvenation, maximizing returns quickly. - **Swift Code Resolution:** Resolve code violations inexpensively and swiftly, enhancing property value. - **Owner Financing:** 50% down payment option available, making ownership accessible. - **Priced to Sell:** At just $35,000 per unit, this property is priced to move! ?? **Investment Highlights:** - **Proforma Analysis:** Based on an 80% occupancy rate and $835 monthly rent per unit, achieve an 8% cap rate. - **Adjusted Operating Expenses:** Set at 40% to provide a conservative estimate of property value. - **Estimated Property Value:** With operating expenses at 30%, property value stands north of 3 million ?? **Prime Location:** Located in Sharon, PA, this property enjoys proximity to amenities, schools, and transportation options, ensuring high demand from tenants seeking convenience and comfort. Don't miss out on this golden opportunity to secure a lucrative investment in Sharon, PA. Contact us today to schedule a viewing and take the first step towards building your real estate empire!

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$71 USD /SF

# OF UNITS

52

PRICE/UNIT

$48,077

CAP RATE

5.83%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

State Towers Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

1952

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

-

APN/PARCEL ID

71-29920

ASK ABOUT THIS PROPERTY

Frank ClintonHoward Hanna real estate servicesMore Info
724-654-5555

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Frank ClintonHoward Hanna real estate servicesMore Info
724-654-5555

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