351 West 1St Avenue Parkesburg, PA 19365

$440,000
6
Beds
4
Baths
0.13
Acres
4,324
SQFT
102
$/SQFT
$440,000
6
Beds
4
Baths
4,324   sf
$102 / sf
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Welcome to 351 W. 1st Ave., Parkesburg!Excellent investment opportunity featuring a mixed-use property with four total units—one spacious commercial unit on the first floor and three residential apartments upstairs. Convenient street parking is available nearby.The first-floor commercial space offers approximately 2,000 sq. ft. with a bright, open layout and plenty of flexibility. The expansive main area can be configured for offices, a reception area, coffee station, or kitchenette. An additional large private room provides an ideal space for a separate office, conference room, or other use. A separate utility/appliance room also offers additional storage space, along with a restroom.The seller has already obtained the permit for the commercial space. With flooring and drywall work still to be completed, the space offers an opportunity for the new owner to finish it to their needs. Once completed, the commercial unit has the potential to generate approximately $1,800 per month in rental income.Upstairs are three residential apartments:Apartment 1: One bedroom $800; Apartment 2: Two bedrooms $1060; Apartment 3: Two bedrooms $1200 after renovation at seller's expense.All three apartments are currently occupied and generate a combined rental income of approximately $2,900 per month. Existing leases will transfer with the sale.With established residential rental income plus the potential income from the first-floor commercial space, 351 W. 1st Ave. presents a great opportunity for investors looking to add a mixed-use income-producing property to their portfolio.

Welcome to 351 W. 1st Ave., Parkesburg!Excellent investment opportunity featuring a mixed-use property with four total units—one spacious commercial unit on the first floor and three residential apartments upstairs. Convenient street parking is available nearby.The first-floor commercial space offers approximately 2,000 sq. ft. with a bright, open layout and plenty of flexibility. The expansive main area can be configured for offices, a reception area, coffee station, or kitchenette. An additional large private room provides an ideal space for a separate office, conference room, or other use. A separate utility/appliance room also offers additional storage space, along with a restroom.The seller has already obtained the permit for the commercial space. With flooring and drywall work still to be completed, the space offers an opportunity for the new owner to finish it to their needs. Once completed, the commercial unit has the potential to generate approximately $1,800 per month in rental income.Upstairs are three residential apartments:Apartment 1: One bedroom $800; Apartment 2: Two bedrooms $1060; Apartment 3: Two bedrooms $1200 after renovation at seller's expense.All three apartments are currently occupied and generate a combined rental income of approximately $2,900 per month. Existing leases will transfer with the sale.With established residential rental income plus the potential income from the first-floor commercial space, 351 W. 1st Ave. presents a great opportunity for investors looking to add a mixed-use income-producing property to their portfolio.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Chester
  • Area
    Parkesburg Boro
  • Tax Amount
    $9,926
  • Status
    Active
  • Listing #
    PACT2137674
  • Built
    1958
  • Lot Size
    0.13
  • Listed on site
    14 days
  • Listing Agent Id
    301795784896

Listed by:
PGM Real Estate Associates, LLC

Source:
BRIGHT MLS

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Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool

Interior Features

  • Central Air Conditioning
  • Main Floor Bedroom
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