Investor opportunity with strong existing cash flow. This detached property sits on a 0.13 acre lot with durable vinyl siding and a distinctive architectural style. Conveniently located less than one mile from public transportation, the location supports consistent tenant demand. Currently generating approximately $4,130 per month in total rent (units at $1,200, $1,400, and $1,530), offering immediate income potential. No HOA and on street parking help keep operating costs low. Ideal for investors seeking a cash flowing asset with future appreciation and value add potential. Buyer to verify all income, expenses, and use.
AN ABSOLUTE MUST SEE! This cash-flowing multi-unit property consists of 1 retail space on the main level and 4 fully occupied residential units on the upper levels. The residential units consist of two 2 bedroom, 1 bathroom apartments and two 1 bedroom, 1 bathroom apartments. The apartments currently rent out at $1,100/month, $1,110/month, $1,150/month, and $1,200/month. The 1,660 square foot main level retail space has been completed renovated (list of renovations completed uploaded into the MLS) and operating as a retail space for several years, but will be vacated by settlement and ready for the new owner to add a fantastic retail space to their portfolio! Highlights of the expansive renovation include a newer roof (2019), new HVAC system, new hot water heater, new plumbing, new electric, new walls and ceilings, new windows, new bathroom and storage closets, new crown molding and decorative beams throughout, new paint, new oak shelving throughout, new LVP flooring combined with original wood restoration, extensive cleaning and sealing of the basement space, new rear cellar retaining wall, and so much more! Don't miss your chance to own the hottest new multi-unit property in town!
Turnkey 6-Unit Apartment Building with Additional Lot – Prime Williamsport Location Introducing a well-maintained and income-producing 6-unit apartment building located at 111 West Salisbury Street in the heart of Williamsport, Maryland. This solid investment property features five 1-bedroom units and one large 3-bedroom, 2-bath unit, with a gross annual rental income of $59,400. The building underwent a major renovation in the 1980s, updating both electrical and plumbing systems, and more recently received a new roof in 2022, adding long-term value and reducing future capital expense needs. The property is in overall good condition, and while current rents may be slightly below market, there is room for value-add through rent adjustments, offering strong upside potential for investors. The lot/parcel may allow for potential for future development or expansion, making this an even more attractive investment opportunity. Situated in a convenient location close to I-81 and I-70, this property is easily accessible and near parks, shopping centers, and schools, making it appealing to tenants. Whether you're looking to expand your real estate portfolio or acquire a stable, long-term investment, this property offers immediate income with future growth opportunity. A rare opportunity in a desirable location—schedule your showing today!
Williamsport is located in Maryland. Williamsport, Maryland has a population of 1,952. Williamsport is less family-centric than the surrounding county with 14.06% of the households containing married families with children. The county average for households married with children is 27.41%.
The median household income in Williamsport, Maryland is $50,509. The median household income for the surrounding county is $67,349 compared to the national median of $69,021. The median age of people living in Williamsport is 38.5 years.
The average high temperature in July is 86.6 degrees, with an average low temperature in January of 21 degrees. The average rainfall is approximately 40.9 inches per year, with 21.2 inches of snow per year.
