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100 3rd St 58 Unit Apartment Building $1,186,532 CAD ($20,457 CAD/Unit) 15.12% Cap Rate Renovo, PA 17764
INVESTMENT HIGHLIGHTS
- Rent Increment: Following the proposed renovations, we project the feasibility to upscale rents to $600/month per unit.
- Restaurant & Bar Lease: An exciting feature of our hotel is the restaurant space, inclusive of a bar.
- Revenue Diversity: With the addition of coin laundry and the stable income from the NNN restaurant & bar lease.
- Coin Laundry Initiative: Strategically, we plan to inaugurate a coin laundry facility in the basement.
- Asset Appreciation: The envisaged renovations, combined with the diversified revenue sources, are poised to enhance immediate cash flow.
- Strategic Market Positioning: Post-renovations, Yesterday's Hotel will be distinctively positioned, catering to upscale clientele.
EXECUTIVE SUMMARY
The highest and best use for Yesterday’s Hotel lies in repositioning this historic property into a sustainable, high-yield residential hybrid. With approximately 31,000 square feet of usable space across five floors, the building offers substantial flexibility for adaptive reuse at an attractive acquisition basis of roughly $27 per square foot, creating immediate upside for the right operator.
Through efficient reconfiguration and strategic adaptive reuse, Yesterday’s Hotel can evolve into a sustainable, high-yield residential asset that balances community revitalization with strong investor returns. By giving every unit its own private bathroom, integrating kitchenettes, activating the restaurant and ballroom for ancillary income, and leveraging USDA financing and Opportunity Zone benefits, this property offers a unique combination of stability, scalability, and tax efficiency. For the right operator, it represents a rare opportunity to build generational cash flow with minimal downside in a protected rural market.
Through efficient reconfiguration and strategic adaptive reuse, Yesterday’s Hotel can evolve into a sustainable, high-yield residential asset that balances community revitalization with strong investor returns. By giving every unit its own private bathroom, integrating kitchenettes, activating the restaurant and ballroom for ancillary income, and leveraging USDA financing and Opportunity Zone benefits, this property offers a unique combination of stability, scalability, and tax efficiency. For the right operator, it represents a rare opportunity to build generational cash flow with minimal downside in a protected rural market.
PROPERTY FACTS
| Price | $1,186,532 CAD | Building Class | C |
| Price Per Unit | $20,457 CAD | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 31,000 SF |
| Cap Rate | 15.12% | Average Occupancy | 59% |
| No. Units | 58 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | C-4 | ||
| Price | $1,186,532 CAD |
| Price Per Unit | $20,457 CAD |
| Sale Type | Investment |
| Cap Rate | 15.12% |
| No. Units | 58 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 31,000 SF |
| Average Occupancy | 59% |
| No. Stories | 5 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
| Zoning | C-4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 36 | - | - |
| 2+2 | 22 | - | - |
PROPERTY TAXES
| Parcel Number | 033-16683 | Improvements Assessment | $111,674 CAD |
| Land Assessment | $9,492 CAD | Total Assessment | $121,166 CAD |
PROPERTY TAXES
Parcel Number
033-16683
Land Assessment
$9,492 CAD
Improvements Assessment
$111,674 CAD
Total Assessment
$121,166 CAD
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Presented by
Mohamed Khan
100 3rd St
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