UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 14,778 sqft
Price per Sqft $49
MLS Listing ID PANU2003188
Style Other
Abv Grd Liv Area 14,778
Year Built 1917
Annual Tax Amount $8,167
Tax Year 2025
Lot Size 3.680 Acres
Acres 3.68
Property Sub-Type Other
Source BRIGHT
Property Description
This 12-property portfolio is seeking new owners. Properties are situated in Shamokin, Lansford, Lewistown, and Sunbury, with some vacancies. The majority of occupied properties are month-to-month leases, with tenants responsible for utilities, facilitating a smooth transition for new owners.
Undervalued rents present substantial potential within this portfolio. The current owner assumes responsibility for sewer and tax payments, resulting in annual expenses of $16,776. Annual rents amount to $65,520, generating a cash flow of $48,744.
Eight properties are currently occupied, six of which are month-to-month leases. Two longer-term leases conclude in December 2026, leaving four vacant properties that can be rented for premium rates upon renovation.
This portfolio presents a confluence of favorable factors: a motivated seller, undervalued rents, vacant properties, and opportunities for growth and improvements. With the appropriate strategy, this portfolio can transform into a highly lucrative asset.
Currently, the portfolio offers a 6.6% Cap Rate. By increasing rents to market rates, it can provide for a lifetime of income. Schedule a showing to make this portfolio yours.
This portfolio consists of 815 E Webster St Shamokin PA(3B 1B $900), 918 Race St Shamokin PA(3B 1.5B Owner Occupied), 35 Hibridge Cir Lewistown PA(3B 1B Vacant), 6 & 28 S Franklin St Shamokin PA(2B 1B Each $625 & $600), 513 W Mulberry St Shamokin PA(3B 1B $650), 135 E Arch St Shamokin PA(3B 1B $650), 123 N Grant St Shamokin PA(4B 1B Vacant), 212 E Snyder Ave Lansford PA(2B 1B $625), 444 Kreamer Ave Sunbury PA(4B 1B $910), 4685 Upper Rd Shamokin PA(3B 1B Vacant), and 34 N Rock St Shamokin PA(5 Garage Bays $500)!
Location
State PA
County Northumberland
Area Shamokin City (14124)
Zoning RES
Rooms
Basement Fully Finished, Improved, Interior Access, Outside Entrance, Partially Finished, Rear Entrance, Poured Concrete, Shelving, Side Entrance, Space For Rooms, Unfinished, Workshop, Windows
Interior
Interior Features Attic, Breakfast Area, Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Floor Plan - Open, Floor Plan - Traditional, Pantry, Primary Bath(s), Walk-in Closet(s), Wood Floors, Other
Hot Water 60+ Gallon Tank
Heating Baseboard - Electric, Zoned, Wood Burn Stove, Other
Cooling Ceiling Fan(s), Wall Unit, Window Unit(s), Zoned, Other
Fireplaces Number 1
Fireplaces Type Brick
Equipment Oven/Range - Electric, Refrigerator
Fireplace Y
Appliance Oven/Range - Electric, Refrigerator
Heat Source Electric, Wood, Other
Laundry Hookup, Has Laundry
Exterior
Exterior Feature Balcony, Deck(s), Patio(s), Porch(es)
Parking Features Garage - Front Entry, Covered Parking, Garage - Side Entry, Oversized, Other
Garage Spaces 12.0
Water Access Y
Water Access Desc Canoe/Kayak,Fishing Allowed,Private Access,Private Beach,Swimming Allowed
View City, Creek/Stream, Trees/Woods
Accessibility 2+ Access Exits
Porch Balcony, Deck(s), Patio(s), Porch(es)
Total Parking Spaces 12
Garage Y
Building
Lot Description Additional Lot(s), Adjoins - Public Land, Adjoins - Open Space, Backs to Trees, Fishing Available, Flood Plain, Front Yard, Hunting Available, Partly Wooded, Private, Rear Yard, Rural, SideYard(s), Stream/Creek, Trees/Wooded, Vegetation Planting, Year Round Access
Foundation Permanent
Above Ground Finished SqFt 14778
Sewer Public Sewer, Private Septic Tank
Water Public, Private
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District Shamokin Area
Others
Tax ID 001-00-077-046
Ownership Fee Simple
SqFt Source 14778
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES