This 3 unit multi-family house in the heart of Johnstown, PA is a cash flow Section 8 play. Owner has partially rehabbed, needs sheetrock and cosmetic finishings. Will make for a cash flowing rental investment property. See investor notes section below for cash flow and cash-on-cash return estimates. Section 8 Housing Assistance Program is available through Johnstown Housing Authority. A quick conversation with a Section 8 housing coordinator made it clear "we are always in need of quality housing, there is a shortage in Johnstown. If these units were made available to the program, they would fill quickly."
Johnstown Housing Authority Section 8 Rates (2021):
1 BR $572 per month (utilities included)
- 2 BR $724 per month (utilities included)
- 3 BR $923 per month (utilities included)