Photos Link
*GIS Map and Floor Plans Included
https://photos.app.goo.gl/FmBLQFSxkKzoSNv8A
Buy & Hold Overview
Current
- Units: 2
- Gross Rents: Vacant
- Annual NOI: Vacant
- Cap Rate: Vacant
- Cash on Cash Return: Vacant%
Projected
- Units: 2
- Gross Rents: $2,150
- Annual NOI: $12,675
- Cap Rate: 9.83%
- Cash on Cash Return: 10.39%
- ARV (After Repair Value): $130,000 – $150,000 *limited comps available
- Repair Estimate: $57,650
Highlights
- Commercial space on first floor, apartment up top
- Mixed use (hedge your business!)
Repair Estimate
Total Estimated Repair Range:
Current & Estimated Rental Analysis
https://docs.google.com/spreadsheets/d/1kppgvn_8DDXX2YGjy4fbl4dqh850_txySh_bJYsFEUs/edit?usp=sharing
Utilities
- Heat: One furnace, Landlord pays
- Electric: Split
- Water/Sewer: One bill, landlord pays
Property Details
- Units: 2
- Lot Size: 1,307
- Year Built: 1880
- Zoning: GIS shows residential, zoning map shows property in C-1 Local Commercial https://cms8.revize.com/revize/schuylkillcountypa/Document_Center/Departments/Planning%20&%20Zoning/Zoning/48%20-%20Mahanoy%20City%20Borough%2017.pdf
- Stories: 3
- Heat: Oil furnace, age unknown, serviced yearly
- Electric: Outdated fuse boxes, need replaced if code has issue
- Plumbing: Copper
- Water/Sewer: Public
- Roof: Rubber, needs new
- Foundation: Stone
- Windows: Some replacement windows, the rest are wooden
- Features: Commercial hair salon space on first floor, large apartment over top
- Flooring: Mostly carpet with hardwood underneath
- Flood Zone: No
- Mold Noted: Visibly no, however likely with water damage from roof
- Water Damage: Yes
- Taxes: $1,489.30
Comparable Sales/CMA
*we recommend any potential investor do their own due diligence and to use these as a point of reference only
ARV (After Repair Value) Comps:
*The only comparable available for this property type is the property currently listed on market below. It is being provided for a point of reference due to the lack of comparable sales data. *DUE DILIGENCE RECOMMENDED!
https://www.innovateonline.com/commercial-for-sale/112-W-Centre-St-Mahanoy-City-PA-17948-401355374
2 commercial Units, 4,008 sqft, .07 acre lot, .1 miles from subject property
For Sale: $157,400 on date, DOM (days on market): 158
Price Per Unit: $78,700
Estimated Market Rents
Rent-o-Meter: https://www.rentometer.com/analysis/summary/33-s-main-st-mahanoy-city-pa/ANjJU6DvV18
- Average Rents
- 3 bed 1 bath: $1,050 (2 comps, most recent in 2024 $1,100)
Zillow available for rent:
Commercial Rental: Crexi Commercial Lease
- Average Rents
- $15.19 ppsf
Town Overview
Mahanoy City is a small borough in Schuylkill County, Pennsylvania, located in the anthracite coal region. Founded in the mid-1800s, it grew rapidly during the coal mining boom and retains a strong working-class heritage. Today, it’s a close-knit community with a mix of historic architecture and small-town charm.
- Economic/Jobs: Mahanoy City’s economy is modest, rooted in its coal-mining past, with today’s activity centered on small businesses, local services, limited manufacturing, and retail, with most jobs in healthcare, education, service industries, and nearby distribution centers.
- Education: Mahanoy City is served primarily by the Mahanoy Area School District, which includes elementary through high school, with nearby access to vocational training programs and several colleges and universities in the broader Schuylkill County region.
- Lifestyle & Amenities: Life in Mahanoy City is quiet and community-oriented, with residents valuing small-town connections and local traditions. Amenities are modest, including neighborhood shops, restaurants, parks, and easy access to outdoor recreation in the surrounding coal region hills. Larger retail, healthcare, and entertainment options are found in nearby towns like Hazleton, Pottsville, and Shenandoah.
- Transport Links: Mahanoy City is accessible by local roads with connections to Routes 54 and 339, linking to Interstate 81 nearby, while public transportation is limited to regional bus services.
For more details on Mahanoy City’s attractions and local resources, visit:
Contact Us to Schedule a Walkthrough
The Melito & Koch Team
- Lenny Wyda Direct Line: (570) 413-0921
- Email: Lenny@melitoandkoch.com
- Website: melitoandkoch.com
- Facebook: The Melito & Koch Team
Disclosures
- ORAL CONSUMER NOTICE:
- The Real Estate Law requires that I provide you with a written notice that describes the various business relationship choices that you may have with a real estate licensee. Since we are discussing real estate without you having the benefit of the consumer notice, I have the duty to advise you that any information you give me at this time is not considered to be confidential, and any information you give me will not be considered confidential unless and until you and I enter into a business relationship. At our first meeting I will provide you with a written consumer notice which explains those business relationships and my corresponding duties to you.
- HOLD HARMLESS ACKNOWLEDGEMENT:
- The information contained in this email, including attachments, is confidential and may be legally privileged. It is intended solely for the use of the individual or entity to whom it is addressed. If you are not the intended recipient, please notify the sender immediately and delete this email. Real estate investment carries inherent risk, and this email does not constitute legal or financial advice. While I strive to provide accurate and up-to-date information, I make no warranties regarding the correctness of the data or the viability of the investment strategies discussed. By using the information provided, you agree to hold harmless The Morrow Wargo Group, Realty ONE Group Supreme, or any other entity related to our relationship- for any reliance on the content of this correspondence. Investment decisions should be made based on your own due diligence and consultation with financial and legal advisors. As a real estate agent, I provide services to assist in purchasing properties and analyzing data; however, the ultimate responsibility for investment decisions lies with the investor.
- DUE DILIGENCE:
- This deal must be analyzed individually. Investment returns are not guaranteed. All investors should conduct their due diligence. The Melito & Koch Team, Realty ONE Group Supreme, and associated parties are not liable for any inaccuracies or reliance on this information.
