905 Cascade St New Castle, PA 16101

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