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30-36 E Independence St
Shamokin, PA 17872
30 E Independence St · Multifamily Property For Sale
·
49 Units
PROPERTY FACTS
| No. Units | 49 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 35,100 SF |
| Property Subtype | Apartment | Average Occupancy | 0% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | C | Year Built | 1900 |
| Zoning | Commercial District - Apartments in combination with commercial uses and apartment buildings, medical and dental clinics and labs, retail, churches, restaurants and more. | ||
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 35,100 SF |
| Average Occupancy | 0% |
| No. Stories | 5 |
| Year Built | 1900 |
| Zoning | Commercial District - Apartments in combination with commercial uses and apartment buildings, medical and dental clinics and labs, retail, churches, restaurants and more. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Business Center
- Laundry Facilities
- Vintage Building
- Elevator
ABOUT 30-36 E INDEPENDENCE ST , SHAMOKIN, PA 17872
It is 49 residential units in a five story building with lower level rented to a Dollar General. They pay 60k annual income per year. Dollar General has been there for 24 years. The residential units have been vacant for 20 years and are in need of rehab. The cost to rehab is $800,000. The income would be very good as you would make your investment back in three years at $300,200 coming from the apartments and $55,000 from the Dollar General. Also, each level has a laundry facility which would bring in extra income. The building could also be rented to regular tenants and not seniors. There is a high demand for 1 and 2 bedrooms in the area and Geisinger Hospital is moving to the area so demand by professionals will increase as well.. The rent for regular tenants in the area for a 1 bedroom is $625-650 and $750-775 for 2 bedrooms. The cost to rehab the property will be $800,000. This investment opportunity is once in a lifetime it will not last. Owner was unable to show the property for some time, but is now available for showings. This town is in need of Landlords and apartment buildings, as there are tenants but not enough properties available for rent. People are attempting to move to this area in drones for low rent and low crime. Coming mostly from Harrisburg, NJ, NY. Local Code has inspected the building a year ago and deemed the electrical systems and plumbing to be in good shape. The government also has a high need to place mentally disabled people who are qualified to live alone, no extra staff needed. High rental demand in this area, Never a vacancy. UNHEARD OF RETURN LIKE THIS WILL NOT LAST!!!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 1+1 | 45 | - | - |
PROPERTY TAXES
| Parcel Number | 017-01-009-238 | Improvements Assessment | $24,100 |
| Land Assessment | $21,500 | Total Assessment | $45,600 |
PROPERTY TAXES
