598 Lord St Meadville, PA 16335

Property Details for 598 Lord St

Lot size

0.11 lot acres

Property size

2,752 SF

Property type

Commercial real estate

APN

3300-019-G-1

Description

This attractive two-unit apartment building in Meadville, Pennsylvania, presents a compelling investment opportunity. Located at 598 Lord St, this property boasts a total of 2,752 square feet of net rentable space, spread across two stories within a single building. Each unit offers three bedrooms and one bathroom, providing comfortable living spaces for tenants. A convenient two-car garage is attached to the building, adding value and appeal. The property sits on a 0.11-acre lot and is zoned R-2. Currently, the occupancy rate is 50%, offering immediate potential for increased rental income through filling the vacant unit(s). While some renovations may be needed, the potential for significant return on investment is substantial, considering the property's location close to the city hospital and town center. The asking price is $117,700, and the property's Assessment Parcel Number (APN) is 3300-019-G-1. This in-town duplex offers a blend of immediate income generation and long-term appreciation potential, making it an attractive option for savvy investors seeking a hands-on approach or a property management strategy. The property's location and unit configuration make it ideal for a variety of tenant profiles. This is a chance to acquire a well-situated multifamily property in a desirable Pennsylvania location.