Property Details for 905 Cascade St

Year built

1951

Lot size

0.31 lot acres

Property type

Residential income homes

Description

This exceptional investment opportunity presents a two-unit multifamily property located at 905 S Cascade St, New Castle, PA 16101. The property, a brick veneer duplex, boasts a desirable R1 zoning classification, falling under Conditional Use within the city's regulations. The main unit, a two-story home, offers four bedrooms, 2.5 bathrooms, and a full walkout basement. Features include a large kitchen, a screened-in back porch with a ceiling fan, and an open deck. The master suite is conveniently located on the first floor, while three additional bedrooms and a full bath are situated upstairs. A shower and water closet are also available in the basement. The second unit is a single-story dwelling with two bedrooms, one full bathroom, and a full walkout basement, also including a shower and water closet. Significant recent improvements include a new roof (2023) and new HVAC system (2020). The property sits on a 0.31-acre lot and includes attractive landscaping features, such as a fenced-in backyard with a koi pond. This property offers a compelling combination of strong rental income potential and a high 10.50% cap rate, making it an ideal addition to any investment portfolio. The asking price is $259,000, with a price per unit of $129,500. The property is offered fee simple and is currently zoned for low-density residential use. The building is a 1951 construction with two stories. This is a fantastic opportunity to own a well-maintained, income-producing property in a desirable location.

Location Insight

City

New Castle

County

Lawrence

State

Pennsylvania

Longitude

-80.319680393585

Latitude

40.985386814591