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28350387
28350388

110 South Washington Street, Titusville, PA 16354 For Sale

JF
PA PA RM425074, IL IL 471.020503 (+32)
Mr. Landman
Listed by Mr. Landman
$700,000
248 days on market
Updated 61 days ago

Titusville, PA Portfolio

Details
APN 5800-000-A-1-11
Property Type Mixed Use, Multifamily
Sub Type Apartment Building
Square Footage 13,068
Net Rentable (SqFt) 13,068
Units 12
Cap Rate 9.17%
NOI $64,220
Occupancy 83%
Pro-Forma Cap Rate 9.79%
Pro-Forma NOI $68,525
Price per SqFt $54
Class C
Year Built 1940
Year Renovated ongoing
Buildings 6
Stories 2
Acreage 0.300
Zoning Comm & Residential
Investment Type Stabilized
Occupancy Date 11/20/2025
Ownership Fee Simple

Diverse investment portfolio in Titusville, PA.

Marketing description

This offering presents a well-balanced and tightly clustered 12-unit rental portfolio in Titusville, Pennsylvania, part of the broader Meadville, PA micropolitan area. Titusville is known for its stable workforce, affordable housing demand, and strong rental fundamentals driven by nearby employment centers, regional healthcare facilities, and educational institutions. The portfolio includes a diverse mix of unit types—a six-unit building consisting of five apartments and a retail storefront, a duplex, a single-family rental, and three late-model 2022 mobile homes situated in a nearby mobile home park. All twelve units are located within approximately 4.25 miles of one another, allowing for highly efficient oversight; currently, a single manager handles day-to-day responsibilities at a very economical rate with minimal required involvement. The three mobile homes operate on lot-rent agreements, providing dependable cash flow with lower maintenance obligations.

Investors will appreciate multiple value-add opportunities including raising rents to market levels and renovating one existing vacant apartment to bring it back into income-producing condition. This portfolio delivers immediate scale, centralized management, and strong upside potential in a market where affordable, well-located rental housing continues to perform.

MR. LANDMAN, LLC is a licensed real estate entity in the State of Pennsylvania under Lic#RB069500. Jonathan Fisher is a licensed broker in the State of Pennsylvania under Lic#RM425074.

Investment highlights

•Diversified investment portfolio in close proximity to each other!
•Value-add through renovation and raising rents to market levels!

Listing Contacts

JF
PA PA RM425074, IL IL 471.020503 (+32)
Mr. Landman
Listed by Mr. Landman

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$64,220.00
$5,351.67/mo

Valuation Metrics

0
DSCR
9.17%
Cap Rate
9.17%
ROI

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Additional Information

Name
Jon Fisher
License
PA RM425074
Brokerage Phone
2172020924
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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