0.72 Acres in Meadville, PA - $75,000
Super Money Maker - 5 Units, 4 efficiencies, and one 1-bedroom unit. Shared drive leads to a big parking lot with potential rent extra spaces. Some units have long-term tenants and could rent for more. Gross rent is $29,820 and net profit is approximately $21,072 per year. Could pay for itself in 4 years. The owner provides heat, water, sewer, trash, and hot water. Units are easy to rent to a niche market of tenants seeking a no-frills lifestyle at a reasonable cost. The owner has moved out of state and is eager to sell. Priced for a quick sale.
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MEADVILLE, PA