Fully occupied 4-unit investment property in Clearfield, PA! Offered at $90,000, this property provides immediate rental income with significant potential for increased returns. Currently generating $19,740 in annual gross rents with a $12,240 NOI and 13.60% cap rate. Projected annual gross rents of $39,600 and NOI of $28,128 offer additional upside for investors.
The building consists of two 1-bedroom units and two 2-bedroom units, all occupied on month-to-month leases with rents currently well below market. Each unit has separately metered heat and electric, paid by tenants. Four off-street parking spaces and public water and sewer add convenience. An opportunity to acquire an income-producing property with room for future improvements and rental growth!
