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73 S WELLES ST
WILKES BARRE, PA 18702-5141
Asking Price
$550K
Cap Rate
10.8%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
<p><span style="color: rgba(0, 0, 0, 1)">Great opportunity to own a 6-unit multifamily property with an additional parking lot for added value and tenant convenience. Currently 5 of 6 units are occupied, offering immediate income with upside through lease-up. Tenants pay all utilities, except Unit 3 where landlord covers water and sewer. A strong value-add investment with room to increase cash flow in a solid rental market.</span></p>
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NOI
$80,000
Cap Rate
14.55%
DSCR
2.45
Strong
Cash-on-Cash
28.70%
Monthly Payment
$2,721.1
Annual Cash Flow
$47,346.801
