Property Listing No Longer Available for Sale

MAPLE STREET, Tobyhanna, PA

Multi-family for Sale - $649,000 - 6,160 Sq. Ft. on 255 acres


Property Info

CIMLS#297104
Location
  MAPLE STREET
  Tobyhanna PA 18466
UpdatedJanuary 7th, 2012
TypeMulti-family
Price$649,000
Building6,160 Sq. Ft.
Land255 acres

Property Description

NICE WELL KEPT 8 UNIT, 2 COMPLEXES OF 4 (2) BED UNITS, AND 4 (1) BED UNITS. ALL SEPERATE METERED. LANDSCAPED, PVED DRIVE AND PARKING FOR 20 CARS. GREAT CASH IN CASH RETURN OF 14% YEAR ONE !

TOBYHANNA, PA NEXT TO THE TOBYHANNA ARMY DEPOT


Financials

Year2011Scheduled Gross Income

$63,360

Effective Gross Income$63,360

Operating Expenses$6,513

Net Operating Income$56,847

Pre-Tax Cash Flow$56,847

Debt & Equity Information

Debt TypeProposedLoan Amount$486,750

Interest Rate5.75%

Amortized Over20

Due In20

Annual Debt Service$41,009

Down Payment$162,250

Loan Description25% DOWN PAYMENT, 20 YEAR FIXED COMMERCIAL LOAN