Property summary
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.
Property profile
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Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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