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Listed by VALOR REAL ESTATE SERVICES, LLC
$ 100,000
Est. payment | /mo
1,960 Sqft Lot
$ 100,000
Est. payment | /mo
1,960 Sqft Lot
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1730796
HOA Y/N No
Year Built 1974
Annual Tax Amount $1,604
Lot Size 1,960 Sqft
Acres 0.045
Property Sub-Type Apartment
Property Description
Commercial Mixed-Use Investment Property
Solid brick structure featuring three floors of versatile space in a convenient New Castle location.
Immediate Cash Flow: Second floor currently features two (2) occupied residential units generating $1,700/month in gross rental income (Rents: $800 & $900, includes utilities).
Value-Add Potential: The entire third floor is an ideal candidate for conversion into a third residential apartment after cosmetic repairs and compliance with local building/fire code, significantly boosting Gross Potential Rent.
Commercial/Storage Space: First floor includes dedicated storage area and a single-car garage, providing excellent owner-user potential or additional commercial lease revenue. Full-sized basement offers ample storage. Building has received recent maintenance.
Usage Flexibility: Zoning/current use permits mixed Commercial/Residential operation. Suitable for investor seeking immediate returns with a clear path for expansion.
Solid brick structure featuring three floors of versatile space in a convenient New Castle location.
Immediate Cash Flow: Second floor currently features two (2) occupied residential units generating $1,700/month in gross rental income (Rents: $800 & $900, includes utilities).
Value-Add Potential: The entire third floor is an ideal candidate for conversion into a third residential apartment after cosmetic repairs and compliance with local building/fire code, significantly boosting Gross Potential Rent.
Commercial/Storage Space: First floor includes dedicated storage area and a single-car garage, providing excellent owner-user potential or additional commercial lease revenue. Full-sized basement offers ample storage. Building has received recent maintenance.
Usage Flexibility: Zoning/current use permits mixed Commercial/Residential operation. Suitable for investor seeking immediate returns with a clear path for expansion.
Location
State PA
County Lawrence
Area New Castle/8Th
Zoning C-1
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Utilities Available Electricity Available, Sewer Available, Water Available
Road Frontage City Street
Building
Structure Type Brick
Schools and Properties Nearby
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