7 S 5TH ST
CLEARFIELD, PA 16830
PRICE: $90,000
Active | MLS# pacd2045630
The Details
Fully occupied 4-unit investment property in Clearfield, PA! Offered at $90,000, this property provides immediate rental income with significant potential for increased returns. Currently generating $19,740 in annual gross rents with a $12,240 NOI and 13.60% cap rate. Projected annual gross rents of $39,600 and NOI of $28,128 offer additional upside for investors. The building consists of two 1-bedroom units and two 2-bedroom units, all occupied on month-to-month leases with rents currently well below market. Each unit has separately metered heat and electric, paid by tenants. Four off-street parking spaces and public water and sewer add convenience. An opportunity to acquire an income-producing property with room for future improvements and rental growth!
Property Overview
| Style | Traditional |
| Year Built | 1900 |
| School District | CLEARFIELD AREA |
| County | CLEARFIELD |
| Municipality | CLEARFIELD BORO |
| Heat | Hot Water |
| A/C | Window Unit(s) |
| Fireplaces | |
| Fuel | Oil |
| Sewer | Public Sewer |
| Total Taxes | $1692 |
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*All fees are for estimate purposes only.
Directions: From downtown Clearfield, follow E Market Street to S 5th Street. Turn onto S 5th Street and continue to 7 S 5th St, just off Market Street.
| Sq. Footages | |
|---|---|
| Above Grade Finished Sq. Ft. | |
| Above Grade Unfinished Sq. Ft. | |
| Below Grade Finished Sq. Ft. | |
| Below Grade Unfinished Sq. Ft. | |
| Total Finished Sq. Ft. | 1925 |
| Rooms | Main | Upper | Lower | Bsmt. |
|---|
| Association Fee $ |
| Cap Fee $ |
| Zoning RESIDENTIAL MULTI FAMILY |
| Possession Immediate |
| Assessed Value |
