1363 Frankstown Road
Property Description
A rare opportunity in the Johnstown investment market! This property offers an exceptional combination of extensive recent renovations, strong existing rental income, and significant additional income potential. Situated on a spacious 0.72 acre lot, the property features an impressive three-story brick building housing four apartments and a separate cottage serving as the fifth unit. The entire property has undergone extensive renovations within the past five years, including updated kitchens, bathrooms, flooring, and new appliances. A new roof in 2020 adds to the substantial capital improvements made to the property. Three units are currently leased, generating $3,550 per month, with two vacant units offering the potential for an additional $2,000+ in monthly rental income. At full occupancy, gross rental income exceeds $65,000 annually! Situated along Frankstown Road just minutes from downtown Johnstown and Richland Township, this property offers convenient access to both areas. An excellent addition to an established portfolio or an attractive opportunity for a first-time investor!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $374,900 |
| No. of Units: | 5 |
| Lot Size: | 4,700.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $74,980 |
| Property Website | Click Here |
| Number of Bedrooms: | 9 |
| Number of Bathrooms: | 5 |
ID: 3yd-CSARPA-96042745
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout