$1,000,000

7421 SHARON MERCER RD, Lackawannock Twp, PA 16137

• 1974 built

Type

Other

County

Mercer

Lot

3.81 acres

MLS #

1770684

About this home

29 BEDROOMS AND 21.5 BATHS - COMMERCIAL 14 UNIT INCOME PRODUCING INVESTMENT PROPERTY THAT IS BRICK AND VINYL! STRONG, STABLE, INCOME PRODUCING INVESTMENT OPPORTUNITY! WELL MAINTAINED RENTAL PROPERTY IS SITUATED ON ALMOST 4 ACRES AND IS FULLY OCCUPIED, DELIVERING IMMEDIATE AND RELIABLE CASH FLOW FROM DAY ONE. WITH ALL UNITS CURRENTLY RENTED, THIS PROPERTY OFFERS THE STABILITY INVESTORS LOOK FOR - CONSISTENT OCCUPANCY, ESTABLISHED TENANCY AND DEPENDABLE INCOME. THIS PROPERTY HAS A LOT OF UPDATES IN KITCHENS AND BATHS, FLOORING AND MORE CENTRAL AIR IN ALL UNITS. LOWER LEVEL - 3 APARTMENTS, LAUNDRY, STORAGE ROOMS AND UTILITY ROOMS WITH HALF BATH, MAIN LEVEL - 6 APARTMENTS - UPPER LEVEL - 4 APARTMENTS. GAS /FA FURNACES AND 1 HEAT PUMP. RUBBER MEMBRANE ROOF WITH METAL ACCENTS. UTILITIES PAID BY TENANT EXCEPT COMMON AREAS AND APARTMENT 13 WHICH HAS THE HEAT PUMP. UNIT 11 2 BED / 1 BATH RENT - $800.00 - UNIT 12 - 2 BED / 2 BATH - $900.00 - UNIT 13 - 3 BED / 2 BATH - $850.00 UNIT 14 - 2 BED / 1 BATH - $675.00. THIS BUILDING CONTAINS 29 BEDROOMS AND 21.5 BATHROOMS THERE IS POTENTIAL FOR RENT INCREASES.

Courtesy of BERKSHIRE HATHAWAY THE PREFERRED REALTY