111 W Salisbury St
$575,000
111 W Salisbury St, Williamsport, MD 21795
9
Cap Rate
49,000
NOI
Details:
Highlights:
- Days on Market: 102
- Heating: Hot Water, Other
Description:
Turnkey 6-Unit Apartment Building with Additional Lot – Prime Williamsport Location
Introducing a well-maintained and income-producing 6-unit apartment building located at 111 West Salisbury Street in the heart of Williamsport, Maryland. This solid investment property features five 1-bedroom units and one large 3-bedroom, 2-bath unit, with a gross annual rental income of $59,400.
The building underwent a major renovation in the 1980s, updating both electrical and plumbing systems, and more recently received a new roof in 2022, adding long-term value and reducing future capital expense needs.
The property is in overall good condition, and while current rents may be slightly below market, there is room for value-add through rent adjustments, offering strong upside potential for investors.
The lot/parcel may allow for potential for future development or expansion, making this an even more attractive investment opportunity.
Situated in a convenient location close to I-81 and I-70, this property is easily accessible and near parks, shopping centers, and schools, making it appealing to tenants.
Whether you're looking to expand your real estate portfolio or acquire a stable, long-term investment, this property offers immediate income with future growth opportunity.
A rare opportunity in a desirable location—schedule your showing today!
Location
Gallery
