Investment Overview
Stake your claim in the Penn-York Valley, a central hub of manufacturing and distribution for both New York and Pennsylvania. This bi-state community is home to multiple employment drivers including Leprino Foods, a major CVS distribution facility, Guthrie and Robert Packer Hospital, and more. This portfolio is comprised of primarily multifamily properties, but also includes mixed-use commercial, restaurants, retail spaces, and warehouse/industrial. Many units have been recently renovated, but there's plenty of value-add opportunity remaining. 59 units are directly located in Waverly, NY, and 30 more are in Apalachin, including 20 storage units. If you've been seeking a diverse and recession-resistant investment portfolio, this is one you don't want to miss.
Investment Highlights
- Actual gross income $784,272
- NOI $571,373 including management, maintenance and vacancy and all expenses
- Some properties fully renovated, others have value-add opportunity
- Fully-occupied
- Reliable location driven by workforce housing demand
- Stable manufacturing and medical-based economy