$1,825,000 · SHAMOKIN, PA 17872
Works for flippers

Available

$1,825,000Asking price

35,100 sq ft · built 1920

SHAMOKIN, PA 17872

No contract on file

via InvestorLift Classic

Listed 3 days ago

Works for flippers

Sells for (ARV)From the listing: $8,000,000
Asking price: −$1,825,000
RepairsMiddle of the seller’s $1,500,000 – $1,600,000. Ours: $446,500 – $930,500: −$1,550,000
Loan, holding, closing20% down, 12% interest, 2 points, 365 days: −$499,150
Profit51.6% of ARV · flippers want 10%+: $4,125,850
Works

Works for a flipper up to $4,737,000.

JNA DYNAMIC HOLDINGS LLC

Raphael Roman

No reviews yet

ARV $8,000,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ARV $8,000,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

JNA DYNAMIC HOLDINGS LLC

Raphael Roman

No reviews yet

50 DOORS FOR $800K DOWN. SELLER CARRIES $1,000,000.

**** Independence St, Shamokin, PA 17872 (Northumberland County)

Five-story masonry building in the center of downtown:

49 one-bed/one-bath apartments over a full ground-floor commercial space (former Dollar General).

Delivered vacant and broom-clean, ready for your contractor to walk.

PRICE & TERMS-

Price: $1,825,000 ($36K/door, $51/SF)-
Cash at closing: $825,000- Seller financing: $1,000,000-
Rate, term, and payment timing negotiable; seller is open to interest-only or deferred payments through renovation and lease-up

PROPERTY-

35,100 SF building,
7,850 SF lot, approx. 7,500 SF per floor-
49 x 1BR/1BA + full-floor commercial-
Zoning: CB (Central Business)- APN: 017-01-009-238-
Units separately metered; owner pays water only- Sprinkler system in place (needs pressure test, est. $5K)- Central boiler plant, original iron stairwells

THE NUMBERS (pro forma estimates, verify independently)-

Rehab estimate: $1,500,000 (approx. $25K/unit + common areas + contingency) -
All-in: $3,325,000 ($66.5K/door, $95/SF) -
Market rent, renovated 1BR: $900–$1,000/mo -
Stabilized NOI at $1,000 rent: approx. $345K (10.4% yield on cost, est. value ~$4.2M) -
Veteran housing (HUD-VASH) at est. $1,300 rent: approx. $465K NOI (14.0% yield on cost, est. value ~$5.6M)

DEMAND & LOCATION-

Shamokin Housing Authority is on the same street: 225 Housing Choice Vouchers, waiting list reopened March 2026 after being closed since 2019-
$2.675M federally funded Independence Street Streetscape Project underway on this corridor, completion due fall 2027-
City has voiced interest in a restaurant for the ground floor-
The building's age and character may merit National Register evaluation; a 20% credit on qualified rehab expenditures could approach $300,000 against a $1.5M scope. Requires

Possible incentives to investigate: historic tax credit, RACP, LERTA, Main Street Matters, PHFA funds, project-based vouchers (none guaranteed, none priced in)

Full investment packet, interior photos, and walkthrough video available on request.

Buyer to verify all information. Rehab and income figures are estimates, not guarantees.