915 VINE AVENUE, Williamsport, PA 17701
$975,000
Property Type:
Multi-Units
Square Footage:
4,410
Lot Size (sq. ft.):
10,454
Status:
Closed
Current Price:
$975,000
List Date:
5/30/2024
Last Modified:
9/02/2024
Description
Penn College Luxury Student Housing - Outstanding OPPORTUNITY for Investors! A beautifully remodeled Church building now houses 16 individual student bedrooms. Conveying with the property are the School Year 2024/2025 leases for 14-students yielding $94,800 gross annual income with potential to increase. The current CAP RATE is 7.82 and Seller financing will be considered.
The 1st and 2nd floor Common Areas-Kitchen and Lounge feature Amish custom cabinetry, granite counters and full-size stainless appliances. There are 3-shared bathrooms on the main level and 2-shared bathrooms on the upper level.
The 2022 remodel includes HVAC gas heat forced air, central air condition; on-demand gas hot water heaters; 4 x 200 amp electrical service and the Architectural shingled roof is 10 yrs*
Supplements: *with new 2023 gutters. There are 20 off-street parking spaces and a shed that stores the student's outdoor recreational items. Call/text Kelly Annicelli 570-560-4427 for your tour today!
More Information MLS# WB-99242
Contract Information
Current Price: $975,000
Auction: No
Listing Contract Date: 2024-05-29
Status: Closed
List Price: $975,000
Assessed Valuation: 117620
Listing Service: Full Service
Foreclosure: No
Sold Information
Under Contract Date: 2024-06-13
Sold Date: 2024-08-26
General Property Description
Apx Abv Gr Fin SqFt: 4410
Apx Total Fin SqFt: 4410
Year Built: 1980
Lot Size Acres: 0.24
Number of Units: 16
# Parking Spaces: 20
Stories: 2
LocationTax and Other Information
House #: 915
Street Name: VINE
Street Suffix: AVENUE
County: Lycoming
State: PA
Postal Code: 17701
MLS Area: WILLIAMSPORT CITY
Zoning: R-3
Subdivision Name: None
Tax ID: 65-005-220
Geo Lat: 41.23849
Geo Lon: -77.020556
Annual Income and Expenses
Inc - Rent: 94800
Total Inc/yr: 94800
Exp - Electricity: 3722
Exp - Garbage: 515
Exp - Heat: 3120
Exp - Ins: Fire/Liab: 2972
Exp - Lawn/Snow: 635
Exp - Taxes: 4759
Exp - Water/Sewer: 2852
Total - Exp/yr: 18575
NOI - Net Oper. Inc.: 76225
Cap Rate NOI/LP: 7.82
# AppliancesIncluded
Dishwashers: 2
Dryers: 2
Furnaces: 1
Ranges: 2
Refrigerators: 2
Washers: 2
Basement
Basement Access: Walk In
Details
Property Assoc.: No
Inspections
Inspected By: Municipality
Land Use
Leased Lot: No
Showings
Media Permission: Yes
View
Other: Multi-Family Bldgs
Property Features
# AppliancesIncluded: Microwave Built In
Attic: None
Basement: Full; Concrete
Cell Service Avail: Cell Service Avail Yes
Construction: Frame
Cooling: Central Air
Documents On File: Map-Aerial
Driveway: Dirt; Gravel
Electrical Service: Circuit Breakers
Exterior Finish: Vinyl Siding
Financing Considered: Cash; Conventional; Owner Financing
Floors: Carpet W/W; Laminate; Wood
Foundation: Block
Heating Fuel: Natural Gas
Heating Type: Hot Air
Location: Residential
Parking: Parking Lot/Pad
Property Amenities: Outside Storage
Roof Type: Shingle
Sewer: Public Sewer
Stories: 2 Story
Style: Student Housing
Water Heater: Gas; On Demand; Tankless
Water Source: Public
Contingency Reason: Financing
Listing Office: Berkshire Hathaway HomeServices Hodrick Realty, WPT
Office Phone: 570-321-7000
Listing Agent: Kelly Annicelli
Last Updated: September - 02 - 2024
All information deemed reliable, though not guaranteed. All measurements are approximate.