
Description
Under contract. Backup offers only at this time. Projected $9,050 monthly gross income. Buy this property, invest another $165-200k in renovations, and then have an investment worth over $950,000. This 1.67 acre property was previously a successful senior care facility. The township approved the septic and zoning to change to multifamily. Now the property is for sale to the right investor who can work with the township to complete the work required to see this beautiful property transform into a profitable apartment building. Behind the property is a stream and a quaint farm. In front is a historic stone building. Set in this rural area still just a few minutes from Tobyhanna. Property owned by real estate licensee.
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0BEDS
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1.67ACRES
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0BATHS
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01/2 BATHS
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5,669SQFT
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$79$/SQFT
Description
Under contract. Backup offers only at this time. Projected $9,050 monthly gross income. Buy this property, invest another $165-200k in renovations, and then have an investment worth over $950,000. This 1.67 acre property was previously a successful senior care facility. The township approved the septic and zoning to change to multifamily. Now the property is for sale to the right investor who can work with the township to complete the work required to see this beautiful property transform into a profitable apartment building. Behind the property is a stream and a quaint farm. In front is a historic stone building. Set in this rural area still just a few minutes from Tobyhanna. Property owned by real estate licensee.
