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Pacific Avenue
Milroy, PA 17063
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Pacific Avenue, Milroy, PA 17063 <ul><li>28-Unit Residential Investment Opportunity</li><li>19 Units Stabilized and nine (9) Units Vacant</li><li>In-Place NOI: $259,550 (Stabilized Portion)</li><li>Ability to Increase NOI Through Lease-Up of Vacant Units</li><li>Modern Duplex-Style Workforce Housing Product</li><li>Below State College Basis with Similar Demand Drivers</li><li>Limited Competing Supply in Submarket</li><li>Minutes to State College & Penn State University</li><li>Convenient Access to Major Highway Corrido
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547