375 Reduction | Smithton, PA 15479
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- LoopNet Team
375 Reduction
Smithton, PA 15479
Land For Sale
·
75.00 AC
INVESTMENT HIGHLIGHTS
- A unique portfolio that's also it's own town
- Ability to be expand rental offerings significantly
- Close proximity to Rt. 51, I-70, and PA-turnpike
PROPERTY FACTS
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Residential | Total Lot Size | 75.00 AC |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 75.00 AC |
DESCRIPTION
Unique opportunity to own a real estate portfolio that is also its own town. 19 single family residences, 2 duplexes plus 2 large garages and all are currently rented. Most are 2 bedroom homes, a few are 3 bedroom. Additionally there is a significant amount of acreage that can be developed to increase the number of rental doors. Tenants pay all utilities except water. Low vacancy rate (1-2 units per year). Youghiogheny River borders most of the property. Close to Rt. 51, I-70, and the PA Turnpike.
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