MLS Number:
162119
Property Type:
Multi-Family
List Price:
$899,900
Street #:
20 & 48
Street Name:
S 6th Avenue
City:
Clarion
State:
PA
Zip Code:
16214
County:
Clarion
Apx Lot Size:
0.43 acres
Lot SqFt:
18584
Apx Acres:
0.43
Zoning:
C-1 and C-2
Clean and Green:
No
Restrictive Covenants:
No
Tax Location:
Clarion Boro
Tax Map #:
05-050-331-000-00
Taxes:
21234
# Units:
24
# Levels:
3
SqFt-Total:
23795
Year Built:
1890
Water Softener:
No
Water Expense:
0
Rent Includes:
See Remarks
Unit3 Refrigerator:
Construction:
Masonry, Wood Frame
Exterior:
Brick, Vinyl Siding
Roof:
Other
Basement/Foundation:
Partial
Heat:
Electric BB, Hot Water
Cooling:
None
Water:
Public
Sewer:
Public Sewer
Features:
Electric-Circuit Break-100 Amp
OGMT:
Unknown
Public Remarks:
Great cash flow with this 26 unit (total) multi-family property. Average rent is $650/month and some utilities are included in rent with some units. Seller working on providing the itemized expenses, but has provided an estimate of $90, 000 in expenses. Property is 100% occupied for gross income of $16, 900 (or $202, 800 annual income). Most units are two bedroom and one bath. Leases are month to month. There are four parcels of land. Three story brick building with 12 units built in 1890. One story building built in 1950 contains 12 units (was a sorority house at one time). Additional two units are a vinyl sided, up/down duplex built about 1900. Borough parking lot adjacent to building for off-street parking availability More information to follow.
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