The Wilson Street Apartments 100 Wilson St Immeuble residentiel 7 lots 2 162 128 € (308 875 €/Lot) Taux de capitalisation 8,75 % Montrose, PA 18801

The Wilson Street Apartments consists of two buildings containing 6 two-bedroom apartments and 1 three-bedroom unit. The buildings and units are in excellent condition, offer abundant off-street parking and include washer/dryer for tenant use. Montrose is located in the center of the Marcellus Shale region and the heart of natural gas & fracking industry. This property has been consistently been a primary rental location for several of the largest gas companies & their contractors at well above market rents due to limited housing in the region. New ownership can continue with the owner’s successful model which includes fully furnished units, a service providing linens, cleaning and other tenant amenities and a nightly / weekly leasing model which is well-suited to the gas industry. A new owner can also elect to shift to a more traditional leasing model. The Seller also owns The Evergreens at 379 S Main Street and 1405 Heart Lake Road, both located in the Montrose area, fully-leased and also available for purchase. The list pricing for this property has been established to create a strong investment opportunity with the existing operational model, current & historical NOI and balanced with local market rents. Multi-year rental financial reporting available upon request.