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300-302 E. Howard Street & 301-301 Pike Street, Bellefonte, Pa

By Melissa Corman Sieg

Real Estate Broker/Owner with Corman Home Sales & Property Management RM422264

February 08, 2008 05:20 AM

ANOTHER INVESTOR ALERT!! Located in Bellefonte, these two buildings are located one behind the other with shared off street parking. Total of six units including 4 - two bedroom units and 2 - efficiency units. NOI of over $14,700. Management services available or can use other or own.

Howard Pike st

300-302 Howard Street 301-303 Pike Street

Give me a call or send me an email if you would like more information for you or your client. Full APOD is available either via fax or email. Great investment potential located in a small town atmosphere just 15 minutes from Penn State Main Campus. List Price $200,000

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Lucky Lang

Premiere Plus Realty Marco Island - Marco Island, FL

Marco Island & Naples Florida Real Estate

Melissa,

What is "APOD"?

Is the Net Operating Income after paying for management fees?

Thanks,

Lucky :)

Feb 09, 2008 03:56 PM

Melissa Corman Sieg

Corman Home Sales & Property Management - State College, PA

Hi Lucky - thanks for asking - APOD is Annual Property Operating Data. It shows the income and expense statement for the properties. Yes, the NOI, or Net Operating Income, is AFTER removing all expenses from the Gross income (minus vacancy factor). The NOI is what is available to pay debt service - or mortgage payment - for the property.

If you have any other questions or would like me to fax or email you the income/expense statement, just let me know. Thanks again!

Feb 10, 2008 04:27 AM

MAUREEN STACCATO

Springfield, MA

Sounds like a very reasonable asking price for the bundle. Congrats on the listing and good luck to you.

Feb 10, 2008 11:30 AM

300-302 E. Howard Street & 301-301 Pike Street, Bellefonte, Pa

Comments(3)

Melissa Corman Sieg

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