Guarantee Trust Apartments

1 South Oak Street; Mt. Carmel, PA 17821

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Property Details

  • Price$ 725,000
  • Property TypeMixed Use
  • NeighborhoodNorthumberland County
  • Number of Units28
  • Lot Size0.17 acres
  • Price/Unit$ 25,893
  • Price/Bedroom-
  • Year Built1911

Investment Highlights

  • Priced at $25,893 per Unit
  • Value-Add Opportunity
  • New Electrical, Plumbing and HVAC
  • One-Hour Drive to Major Lehigh Valley Cities

Investment Overview
On behalf of ownership, Rittenhouse Realty Advisors extends to qualified investors the opportunity to acquire the fee simple interest in Guarantee Trust Apartments. The property consists of 22 apartments and 6 commercial units situated in Mount Carmel, Pennsylvania. Mount Carmel is located in the southeastern part of Northumberland County. The Borough of Mount Carmel is approximately one hour or less to major Lehigh Valley cities (63 miles northwest of Allentown, 60 miles northeast of Harrisburg, 53 miles north of Reading and 22 miles south of Bloomsburg). The property offers easy access to major transportation arteries such as Interstates 81, 80, 78 and 276 (the Pennsylvania Turnpike) as well as US Route 209 and State Route 61.

Built in the 1911, Guarantee Trust Apartments is a four-story, iconic, mid-rise apartment building which formerly was occupied by Guarantee Trust Bank, at the corner of Oak Street and 3rd Street (“Main & Main”). In the early 1980s, the building was converted to apartments. Within the last 10 years, new electrical, a gas-fired hot water boiler, and domestic hot water heaters have been installed. The Alpine hot water system has two high-efficiency, stone-lined holding tanks with circular motors. This 22 unit apartment building offers an outstanding unit mix of (13) one-bedroom units, (7) two-bedroom units, (1) three bedroom unit and (1) studio. Heat and hot water are provided by the owner via a gas-fired boiler. At $25,893 per unit, this offering represents an outstanding opportunity for a new owner to generate a cash-on-cash return north of 20%.

Offering Memorandum


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NOTE: Outside Brokers must complete this Cooperating Broker Agreement and return via email to info@rittenhouserealty.com or fax to 267-324-3394.

Brokers

Corey Lonberger
Tel: (215) 454-2852 EXT 1001
Cell: (267) 760-3726
License: PA RS279134 / DE RS0016407
corey@rittenhouserealty.com

Ken Wellar
Tel: (215) 454-2852 EXT 1002
Cell: (610) 745-4800
License: PA RS289487 / NJ 1005492
ken@rittenhouserealty.com

Luke DeLuca
Tel: (215) 454-2852 EXT 1014
Cell: (646) 712-7360
License: PA RSR001990
luke@rittenhouserealty.com

Mark Duszak
Tel: (215) 454-2852 EXT 1003
Cell: (215) 805-5011
License: PA RS277420 / NJ 0047530
mark@rittenhouserealty.com



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