The Portfolio consists of 15 units made up of single-family and multifamily properties concentrated in Freeland, PA along the explosive I-81 industrial/warehouse corridor. The asset mix consists of (6) single family homes, (1) quadraplex, (1) twin/duplex, and (1) triplex/row. Each of the properties has been fully renovated. The average rent across the Portfolio is only $635. With in-place rents well below market and all tenants on MTM leases, there is an easy opportunity for new ownership to increase revenue by 15-20% by simply providing rent increase notices to tenants.
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 3rd March, 2021 3:07 PM