Description
Turnkey 6-Unit Apartment Building with Additional Lot " Prime Williamsport LocationIntroducing a well-maintained and income-producing 6-unit apartment building located at 111 West Salisbury Street in the heart of Williamsport, Maryland. This solid investment property features five 1-bedroom units and one large 3-bedroom, 2-bath unit, with a gross annual rental income of $59,400.The building underwent a major renovation in the 1980s, updating both electrical and plumbing systems, and more recently received a new roof in 2022, adding long-term value and reducing future capital expense needs.The property is in overall good condition, and while current rents may be slightly below market, there is room for value-add through rent adjustments, offering strong upside potential for investors.The lot/parcel may allow for potential for future development or expansion, making this an even more attractive investment opportunity.Situated in a convenient location close to I-81 and I-70, this property is easily accessible and near parks, shopping centers, and schools, making it appealing to tenants.Whether you're looking to expand your real estate portfolio or acquire a stable, long-term investment, this property offers immediate income with future growth opportunity.A rare opportunity in a desirable location"schedule your showing today!
School Information
Description
Turnkey 6-Unit Apartment Building with Additional Lot " Prime Williamsport LocationIntroducing a well-maintained and income-producing 6-unit apartment building located at 111 West Salisbury Street in the heart of Williamsport, Maryland. This solid investment property features five 1-bedroom units and one large 3-bedroom, 2-bath unit, with a gross annual rental income of $59,400.The building underwent a major renovation in the 1980s, updating both electrical and plumbing systems, and more recently received a new roof in 2022, adding long-term value and reducing future capital expense needs.The property is in overall good condition, and while current rents may be slightly below market, there is room for value-add through rent adjustments, offering strong upside potential for investors.The lot/parcel may allow for potential for future development or expansion, making this an even more attractive investment opportunity.Situated in a convenient location close to I-81 and I-70, this property is easily accessible and near parks, shopping centers, and schools, making it appealing to tenants.Whether you're looking to expand your real estate portfolio or acquire a stable, long-term investment, this property offers immediate income with future growth opportunity.A rare opportunity in a desirable location"schedule your showing today!
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