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Storefront Plus 7 Units in PA!

22 E Centre St, Shenandoah, PA 17976, USA

Available

$550,000

Property Description

Two Turnkey Multifamily Deals – Seller-Financed with 12-Month Free Payment Period Pottsville + Shenandoah, PA | Exceptional Cash Flow Potential

Properties Included

Building A: 303 S Centre St, Pottsville, PA 4-unit mixed-use (street-level storefront + three 2-bed/1-bath apartments) 6 bedrooms | 3 bathrooms total

Building B: 22 E Centre St, Shenandoah, PA 4-unit residential building (one 4-bed/1-bath, one 1-bed/1-bath, one studio/1-bath, one efficiency/1-bath) 6 bedrooms | 4 bathrooms total

Combined Portfolio: 12 bedrooms | 7 bathrooms | 8 total rental units

Building A — 4-Unit Mixed-Use (Pottsville)

Current:

  • 1 apartment rented @ $1,350/mo

  • Storefront + 2 apartments vacant/underperforming (two qualified commercial tenants already interested — contacts passed at closing)

Stabilized Pro Forma: Gross ≈ $5,750/mo | 30% opex | NOI ≈ $48,300/yr

Renovation Plan: 2 apartments @ ~$40k each + storefront tenant fit-out

Value at Stabilization: $568k @ 8.5% cap | $537k @ 9.0% cap | $508k @ 9.5% cap

Building B — 4-Unit Residential (Shenandoah)

Current:

  • 1 unit rented @ $1,250/mo (+$100 immediate upside)

  • 3 units vacant/ light to medium rehab needed

Stabilized Pro Forma: Gross = $5,400/mo | 35% opex | NOI ≈ $42,120/yr

Renovation Plan: 3 apartments @ ~$55k each

Value at Stabilization: $562k @ 7.5% cap | $527k @ 8.0% cap | $496k @ 8.5% cap

Renovation budgets are preliminary — Heim Construction is finalizing full scopes and firm bids.

Exit Strategy: Refinance (DSCR/Non-QM) or sell upon stabilization — whichever maximizes return.

Deal Structure (Both Properties Together)

Total Contract Purchase Price: $550,000 (Already includes all assignment/closing costs — no hidden fees)

Breakdown by Property (for lending/appraisal purposes): 303 S Centre St, Pottsville → $310,000 22 E Centre St, Shenandoah → $240,000

Down Payment Required: $210,000 payable at closing (≈38% effective equity position on day 1)

Earnest Money Deposit: $2,500 (non-refundable, applied to down payment) Due by December 5th

Extremely Favorable Seller Financing

Seller Carryback Note: $340,000 Payment Holiday – First 12 Months: $0 payments, no interest accrual Months 13–48: Fixed $2,000/month (covers both properties) Balloon Payment: $340,000 due at month 48 (4-year term)

This structure gives you a full year of zero debt service to renovate, lease up, and stabilize the assets with virtually no carrying cost pressure.

Total Investor Cash Needed at Closing (Excluding Rehab)

$210,000 Down Payment + $2,500 EMD = $212,500 total cash to close (Rehab and stabilization capital are separate and paid as work progresses)

Why This Deal Works

  • 12 months of completely debt-free execution time

  • Only $2,000/month total payment starting year 2

  • Projected combined stabilized NOI ≈ $90,420/year

  • Projected combined value at stabilization ≈ $1,000,000 – $1,130,000 depending on final cap rate

  • Extremely low basis in strong Pennsylvania rental markets

Serious investors only. First buyer to sign and deposit secures both buildings.

Contact

John Guy

(305) 337-8085

Property Details

Property Type

Mixed-Use

Bedrooms

12

Bathrooms

8

Size

7,690 sqft

Floors

2

Year Built

Property Location

22 E Centre St, Shenandoah, PA 17976, USA

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