216 1St St Ellwood City, PA 16117
- Commercial real estate
- 0.07 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 216 1St St
- Year built
- 1972
- Lot size
- 0.07 lot acres
- Property type
- Commercial real estate
Description
This seven-unit apartment building at 216 1st Street, Ellwood City, Pennsylvania, 16117, presents a compelling value-add opportunity. Built in 1972, this brick structure sits on a 0.07-acre lot and offers seven parking spaces. Currently zoned C-1, the property boasts a potential gross annual income exceeding $78,900. However, prospective buyers should be aware of necessary repairs and renovations. These include roof repair, a new heating system for four units, lead mitigation in one unit, and turnover work in four units. The property is being sold as-is. Utilities available include electricity, gas, sewer, and water. Seven on-site parking spaces are provided. The building's potential after repair value (ARV) is estimated to be over $600,000. This property is an excellent choice for investors seeking a hands-on project with significant upside potential. The asking price is $299,000. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ellwood City
- County
- Lawrence
- State
- Pennsylvania
- Longitude
- -80.2810653
- Latitude
- 40.8610296
