343 4 Ave Sharon, PA 16146

Property Details for 343 4 Ave

Lot size

1.53 lot acres

Property type

Commercial real estate

Description

This exceptional 11-unit single-family home portfolio presents a compelling investment opportunity in the heart of Mercer County, Pennsylvania. Situated on a 1.53-acre lot at 343 4th Ave, Sharon, PA, this property offers a unique blend of immediate income and significant long-term growth potential. Currently, 45% of the units are leased, generating a consistent stream of passive income. The remaining 55% of the units are vacant, providing a substantial value-add opportunity for the new owner. The unit mix offers a diverse range of layouts to cater to various tenant needs. Four units feature two bedrooms and one bathroom, while another four units offer three bedrooms and one bathroom. The remaining three units provide a mix of larger living spaces: one with three bedrooms and two bathrooms, one with five bedrooms and one bathroom, and one with six bedrooms and one bathroom. The vacant units present a canvas for creative renovations, allowing for increased rental income and a significant boost to the overall property value. This property is ideally suited for both seasoned investors looking to expand their portfolio and first-time investors seeking a strong entry point into the real estate market. The property's location in Mercer County offers access to a stable rental market and presents a promising future for long-term appreciation. The asking price is $445,000. This is a rare opportunity to acquire a substantial multifamily portfolio with immediate income and considerable upside potential.

Location Insight

City

Sharon

County

Mercer

State

Pennsylvania

Longitude

-80.50086

Latitude

41.23777