REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by EXP REALTY LLC
$ 249,900
Est. payment | /mo
4,791 Sqft Lot
$ 249,900
Est. payment | /mo
4,791 Sqft Lot
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1739410
HOA Y/N No
Year Built 1925
Annual Tax Amount $3,260
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Other
Property Description
Prime multi-unit investment opportunity ideally located between the Old Economy Historic District and the New Economy redevelopment area. This former “Metro” building has been converted into residential units and offers immediate rental income with substantial value-add potential. The first floor features a renovated one-bedroom unit currently generating $700 per month, along with a studio unit that is present vacant, providing an immediate leasing or repositioning opportunity. The second floor includes a spacious, renovated three-bedroom unit producing $900 per month in rental income. The third floor consists of eight private sleeping rooms with two shared bathrooms and is currently vacant. There is potential to reconfigure this space into two residential units, subject to buyer verification and approval with local authorities. The property has been modernized on the first and second floors and is partially tenant-occupied, allowing for current cash flow with upside through the vacant studio and third floor. Additional features include commercial zoning offering flexible usage options, a single hot water heating system serving all floors, a sprinkler system installed on the first floor, and an electrical setup with separate meters for each unit on the first and second floors and a single meter for the third floor. Three adjacent lots located to the right of the building are also available for rent.
Location
State PA
County Beaver
Area Ambridge
Zoning comm
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Parking Features Off Street
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Building
Structure Type Brick
Schools
School District Ambridge
Schools and Properties Nearby
Find out why customers are choosing LPT Realty to meet their real estate needs