710-712 W Lackawanna Ave, Olyphant, PA 18447

Value-add opportunity awaits in this remarkable locaton. This giant multi-family property has extreme income potential. There is a giant duplex in the front with an almost 2000sf 5-bedroom unit - which also features a formal dining room, sunroom, den, laundry room, etc! Next you'll find a very nice 3-bedroom unit with hardwood flooring and new paint - updates to the kitchen and bath would complete this one for amazing income potential. In the rear, the property features a separate 2-bedroom stand-alone cottage-style home + an oversized 2-3 car garage, a workshop, paved parking area, and a tool shed. The cottage is beautifully renovated with modern finished, LED lighting, new roof, new deck, all new windows, etc and is move-in ready. The front duplex DOES need some work, but with the right updates - the potential annual rent roll on this property could exceed $50,000 - $60,000 per year. Additionally, this would be an amazing opportunity for an owner-occupant to live in the rear home and fix and rent out the front -- having the income more than cover the mortgage or provide a giant passive income.All one tax ID number + LOW taxes. Please note, that due to the heat being inoperable in the front duplex, conventional loans may not work here - but there are many other options - even FHA renovation loans for owner occupants. Speak with a lender about your options.