Here's a great deal for someone who's looking to buy and hold. Located in Shamokin, PA.
1 - 3 bedroom apartment; tenant currently pays $425
1 - 1 bedroom apartment; tenant currently pays $350
1 - 1 bedroom apartment; tenant currently pays $237 (long time tenant)
1 - 1 bedroom is vacant
1 - efficiency is vacant
The expenses are as follows:
Water & Sewer: $80-110/month
Oil Heat: $4,200/year
So, even on the high end of monthly expenses, and 2 vacancies which can be filled, this building is pulling in approx. $580.00 positive cash flow. Renting out the other 2 units, could bring an additional $550 at least.
This building should be converted over to all electric heat, which would reduce the cost to the landlord.
Asking price: $38,900.