OPEN HOUSE OCTOBER 4 12:30-2:00!! Turnkey 3-unit investment opportunity in a highly convenient location! This well-maintained 3-unit income-producing property is located at 1200 S Main St in Old Forge, just minutes from a variety of popular restaurants, local businesses, public transportation, and everyday amenities. The property features updated apartments and numerous recent improvements, making this an attractive opportunity for an investor seeking a property with solid income and significant capital improvements already completed. Property Highlights: 3 income-producing units, Approximately $37,000 annual Net Operating Income (NOI), 10 CAP, New roof installed in 2021, Updated apartments, Newer water heaters (2021, 2024, 2026), New furnace. Convenient location near restaurants, businesses, and bus transportation. Excellent opportunity to add to an investment portfolio major building components and mechanical systems recently updated, this property offers investors the opportunity to acquire an income-producing multifamily property without the immediate capital expenses associated with many older buildings.Great location + established rental income + recent improvements make this a compelling multifamily investment opportunity. Contact Eric today for financial information, additional property details, or to schedule a private showing.
Two-parcel investment package in Old Forge. 880-884 W Oak is a fully occupied 7-unit, all 2BR apartments, with separate heat and electric. The adjacent parcel holds a 3-unit structure with fire damage, ready for rebuild. Construction bids on file. Buy the income today and add three more doors on a lot you already own. Sold together. Investor-ready cash flow with built-in expansion.
Cash flow and equity gains on this 8 unit property in old forge! 7/8 units are leased. Multiple units have been modernized. Own the entire corner lot featuring: a 5 unit, a 2 unit, and a mobile home. Ample off street parking and convenient location to both the Wilkes barre and scranton metro areas make this property a great pick to add to your portfolio. Call today to schedule a private tour
Old Forge is located in Pennsylvania. Old Forge, Pennsylvania has a population of 8,494. Old Forge is less family-centric than the surrounding county with 22.16% of the households containing married families with children. The county average for households married with children is 24.76%.
The median household income in Old Forge, Pennsylvania is $62,615. The median household income for the surrounding county is $58,366 compared to the national median of $69,021. The median age of people living in Old Forge is 44.7 years.
The average high temperature in July is 82 degrees, with an average low temperature in January of 16.1 degrees. The average rainfall is approximately 41.1 inches per year, with 38 inches of snow per year.
