Welcome to this fantastic investment opportunity located in the heart of downtown Olyphant! This mixed-use building offers a strategic combination of commercial and residential spaces, making it an ideal prospect for savvy investors.Consisting of 2 storefronts (salon and retail) and 2 apartments at the rear, this property is versatile and caters to various business and residential needs. All four units are currently rented, providing immediate income for the new owner. This property generates a robust gross income of $35,00, this property promises a steady and attractive return on investment. The property boasts a recently installed roof, ensuring longevity and minimizing maintenance costs. The basement has also been painted and paneled. Additional features include off-street parking for tenants and well as a detached 20 x 20 garage which can be utilized or rented out for storage, adding an extra dimension to the property's income potential.Recent sales in the vicinity underscore the burgeoning value and potential of this downtown locale. Downtown Olyphant is experiencing a renaissance, with new businesses and high-end residential apartments emerging. This trend contributes to the overall desirability and potential appreciation of the property. Don't miss out on this prime investment opportunity in the flourishing downtown Olyphant area. Whether you're an investor looking for a reliable income stream or someone seeking a strategic commercial-residential mix, this property has it all. Contact us for more information or to schedule a viewing today!All information and measurements are approximate, not warranted or guaranteed.
Investor Special! Your opportunity to own a 6-unit multifamily property in the heart of Olyphant, situated along the Lackawanna River & close to walking trails, restaurants, & shoppes. The property features a 4-unit building in the front and a 2-unit building in the rear, offering excellent flexibility with long term month to month tenants with more income potential. The property has been well maintained & many of the units have been upgraded already. A great opportunity for an investor looking to add a solid multifamily property to their portfolio with the potential for future rental growth and continued improvements.
**Turnkey Duplex in a Desirable Olyphant Neighborhood!** This fully remodeled duplex features two 2-bedroom, 1-bath units, both currently vacant and move-in ready. Each unit offers washer/dryer hookups and separate utilities. Whether you're looking to live in one unit and rent the other or add a turnkey investment to your portfolio, this property offers excellent flexibility. Located in a nice, desirable neighborhood with plenty of rental potential. Nothing to do but move in or start generating income!
Mixed-use investment opportunity in a high-visibility downtown Olyphant location. This well-positioned property features 13 total units, including 9 residential apartments and 4 commercial storefronts, offering strong income potential and diversified revenue streams.All apartments have been recently renovated with new cabinetry, granite countertops, and stainless steel appliances, providing modern finishes that attract and retain quality tenants. The commercial spaces benefit from steady foot and vehicle traffic, making them ideal for a variety of retail or service-based businesses.Whether you're looking to expand your portfolio or secure a turnkey mixed-use asset in a growing area, this property delivers a solid combination of updated residential units and prime commercial exposure.
Versatile Multi-Unit Opportunity in the Heart of Olyphant!Unlock the potential of this unique multi-family property located in the desirable Mid-Valley School District. Featuring two distinct residential units on a single lot, this property is a strategic find for savvy investors, house hackers, or multi-generational families looking for the perfect balance of proximity and privacy.Unit 1 offers a spacious two-story layout, featuring a large living area, dedicated dining room, and kitchen on the main floor. Upstairs, you'll find three comfortable bedrooms and a full bathroom. Unit 2 provides a convenient ranch-style floor plan with one bedroom, a large eat-in kitchen, and two flexible living or dining areas which is ideal for a guest house, rental, or in-law suite.While the ''bones'' are here, the property is ready for your creative touch. It needs some cosmetic sprucing and updates, offering a fantastic opportunity to build immediate sweat equity. This is a value-add opportunity for buyers who understand that paint, flooring, and minor upgrades can go a long way toward increasing equity and income potential.Situated just minutes from local shopping, dining, major employment hubs, and entertainment, the location is as convenient as it is quiet. Whether you want to live in one and let the other pay your mortgage, or add a high-potential asset to your portfolio, this Olyphant gem is ready for its next chapter.
Olyphant is located in Pennsylvania. Olyphant, Pennsylvania has a population of 5,359. Olyphant is less family-centric than the surrounding county with 18.34% of the households containing married families with children. The county average for households married with children is 24.76%.
The median household income in Olyphant, Pennsylvania is $56,475. 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 Olyphant is 41.7 years.
The average high temperature in July is 81.7 degrees, with an average low temperature in January of 15.8 degrees. The average rainfall is approximately 40.5 inches per year, with 41.4 inches of snow per year.
