Property Details
Property Type
Mixed Use
Location
Deal type
Mahanoy City
$70K Entry | Mixed-Use 2-Unit | Projected 10%+ COC
33 S Main St, Mahanoy City, PA 17948
📌 Quick Summary
Price: $70,000
Asset Type: Mixed-Use (1 commercial storefront + 1 residential apartment)
Status: Vacant (set your own rents/tenants)
Projected COC: 10.39% | Projected Cap: 9.83%
ARV: $130,000–$150,000 (limited comps; confirm independently)
Utilities: Split electric; one oil furnace; single water/sewer bill
💡 Why We Like It
Perfect for an owner-occupied storefront with living space above.
Very low entry price with value-add upside after repairs and lease-up.
Separate electric simplifies tenant billing.
On Main Street — visibility and flexibility for business use.
📊 Financials (Projections)
Projected Gross Rents: $2,150/month
Projected NOI: $12,675/year
Projected Cap Rate: 9.83%
Projected Cash-on-Cash Return: 10.39%
🔧 Condition Notes
Roof: Rubber — needs replacement
Electric: Outdated fuse boxes — anticipate updates
Heat: One oil furnace, age unknown
Water Damage: Present from roof issues
Windows: Mix of replacements and originals
Flooring: Carpet over hardwood
Taxes: $1,489.30
📷 Photos & Docs
See Attached Doc
🏙 Town Overview
Mahanoy City is a small borough in Schuylkill County with historic architecture, a Main Street business core, and access to I-81. Larger services and retail are in Hazleton, Pottsville, and Shenandoah.
📞 Contact Us
The Morrow-Wargo Group
Realty ONE Group Supreme
Team: 484-791-6200 | Office: 610-321-3730
admin@morrowwargo.com
| www.morrowwargo.com
📣 Disclosures
Exclusive Buyers List Notice: This opportunity is shared only with members of our private off-market buyers list. Membership is a privilege and comes with the expectation that The Morrow-Wargo Group will represent you for any showings or offers. Per Pennsylvania law, formal representation requires a written buyer agency agreement, which will be provided prior to showings or offer submission.
Oral Consumer Notice: PA law requires that I provide you with a written notice that describes the various business relationship choices you may have with a real estate licensee. Since we are discussing real estate without you having the benefit of the consumer notice, I must advise that any information you provide at this time is not considered confidential, unless and until we enter into a business relationship. At our first meeting, you will receive a written consumer notice explaining these relationships and duties.
Hold Harmless Acknowledgement: The information contained here, including attachments, is confidential and may be legally privileged. Real estate investment carries inherent risk, and this email does not constitute legal or financial advice. Accuracy is not guaranteed. By reviewing this opportunity, you agree to hold harmless The Morrow-Wargo Group, Realty ONE Group Supreme, or any related entity. Investors must perform their own due diligence and consult legal/financial advisors.
Due Diligence: This deal must be analyzed individually. Investment returns are not guaranteed. The Morrow-Wargo Group, Realty ONE Group Supreme, and associated parties are not liable for any inaccuracies or reliance on this information.