24 E 3rd St
Mount Carmel, PA 17851
Mixed-Use | 22 Apts | 6 Retail · Multifamily Property For Sale
·
22 Units
Property Facts
| No. Units | 22 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 30,000 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1911 |
| Zoning | Commercial - Commercial (C) | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 30,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1911 |
| Zoning | Commercial - Commercial (C) |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Range
- Tub/Shower
- Views
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Security System
- Vintage Building
- Elevator
- Maintenance on site
About 24 E 3RD ST , MOUNT CARMEL, PA 17851
Prime investment opportunity to acquire the fee simple interest in Guarantee Trust Apartments. The property consists of 22 apartments and 6 commercial units situated in Mount Carmel, Pennsylvania. Mount Carmel is located in the southeastern part of Northumberland County. The Borough of Mount Carmel is approximately one hour or less to major Lehigh Valley cities (63 miles northwest of Allentown, 60 miles northeast of Harrisburg, 53 miles north of Reading and 22 miles south of Bloomsburg). The property offers easy access to major transportation arteries such as Interstates 81, 80, 78 and 276 (the Pennsylvania Turnpike) as well as US Route 209 and State Route 61. Built in the 1911, Guarantee Trust Apartments is a four-story, iconic, mid-rise apartment building which formerly was occupied by Guarantee Trust Bank, at the corner of Oak Street and 3rd Street (“Main & Main”). Within the last 10 years, new electrical, a gas-fired hot water boiler, and domestic hot water heaters have been installed. The Alpine hot water system has two high-efficiency, stone-lined holding tanks with circular motors. This 22 unit apartment building offers an outstanding unit mix of (12) one-bedroom units, (7) two-bedroom units, (1) three bedroom unit and (2) studio. Heat and hot water are provided by the owner via a gas-fired boiler. This offering represents an outstanding opportunity for a new owner to generate a cash-on-cash return north of 20%.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $520.00 | 550 |
| 1+1 | 12 | $540.00 | 550 - 600 |
| 2+1 | 7 | $650.00 | 900 |
| 3+1 | 1 | $825.00 | 1,000 |
Property Taxes
| Parcel Number | 007-02-004-001 | Improvements Assessment | $9,680 |
| Land Assessment | $8,220 | Total Assessment | $17,900 |
Property Taxes
