3 Pearl Street

Here's your opportunity for an easy to manage turnkey business investment opportunity, currently operating as all-inclusive student housing for PSU. This fully occupied 16 bed, 5 ½ bath, 5,500+ SF legal rooming house will yield a 9-cap. The property features a community kitchen with plenty of cabinet space, 2 ovens, 2 microwaves, 4 large refrigerators, dishwasher and smaller appliances and dishes, with a commercial-grade laundry room with 2 card app washers & 2 gas dryers. The furnished private bedrooms offer keypad locks, individual nest thermostats, black out blinds, many with mini fridges and additional built in cabinet space in the room. This renovated property is easily managed remotely with nest thermostats and nest smoke detectors, ring cameras, and offers occupants business class WiFi, premium cable and a reverse-osmosis water dispenser. Upgrades include FHW oil boiler and efficient supplemental electric wall units. There is a metal roof on part of the building and vinyl replacement windows. Much of the electrical and plumbing has been upgraded. Sale includes furniture, household goods including all kitchen appliances and amenities, TV, printer and more.