The property consists of 22 apartments and 6 commercial units situated in Mount Carmel, Pennsylvania. Mount Carmel is located in the southeastern part of Northumberland County. The Borough of Mount Carmel is approximately one hour or less to major Lehigh Valley cities (63 miles northwest of Allentown, 60 miles northeast of Harrisburg, 53 miles north of Reading and 22 miles south of Bloomsburg). The property offers easy access to major transportation arteries such as Interstates 81, 80, 78 and 276 (the Pennsylvania Turnpike) as well as US Route 209 and State Route 61.

Built in the 1911, Guarantee Trust Apartments is a four-story, iconic, mid-rise apartment building which formerly was occupied by Guarantee Trust Bank, at the corner of Oak Street and 3rd Street (“Main & Main”). In the early 1980s, the building was converted to apartments. Within the last 10 years, new electrical, a gas-fired hot water boiler, and domestic hot water heaters have been installed. The Alpine hot water system has two high-efficiency, stone-lined holding tanks with circular motors. This 22 unit apartment building offers an outstanding unit mix of (13) one-bedroom units, (7) two-bedroom units, (1) three bedroom unit and (1) studio. Heat and hot water are provided by the owner via a gas-fired boiler. At $25,893+/- per apartment unit, this offering represents an outstanding opportunity for a new owner to generate a cash-on-cash return north of 20%.

More details and offering memorandum at https://www.rittenhouserealty.com/commercial-properties-for-sale/?propertyId=292401-sale