Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1963
Sq.Footage
N/A
Aldor Apartments in Hazleton, PA comprizes 21 units that are fully occupied. The building is unique among its competitive set because of its secured, underground parking and elevator servicing the 3 residential floors. The average tenant stays in the complex for 5 years which translates into low turnover costs and dependable revenue for an investor. This is the first time Aldor Apartments has been offered for sale since 1966. The current owner has implemented a recent capital campaign for all the building's systems and roof leaving the future owner with little capital expenditures needed in the coming years. Also, the property can be owned remotely as there's an on-site property manager that visits the property daily. The Hazleton rental market is in tight supply as evidenced by the number of renters looking to lease at Aldor Apartments as well as its largest competitor, Hilltop House Apartments. The rental demand stems from the stable population in Hazleton of 72,065 and large employers including Amazon and The Hershey Company. In addition, the area has seen population growth due to the booming Marcellus Shale Industry in the Hazleton area. Hazleton is also home to one of the largest branch campuses of the Pennsylvania State University.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.49
-
Property Type
Commercial Sale
Exterior
-
Garage
No
Financial
-
Sales Price
$1,500,000
-
Tax Amount
14496.0
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Location
County
LUZERNE
Elementary School
Middle School
High School
Listing Courtesy of Jeffrey R Seligsohn , SSH Real Estate
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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