320 E Lincoln Ave - Apartments FOR SALE


New Castle, PA 16101
$499,999 USD
304-290-7826
320 E Lincoln Ave, New Castle, PA for Sale
$499,999 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

320 E Lincoln Ave
New Castle, PA 16101


HIGHLIGHTS

  • 58% occupied
  • Fully Sprinkled
  • Elevator
  • Ample Parking
  • Located by Highschool
  • Ideal Location

OVERVIEW

This unique offering presents an exceptional opportunity for investors or individuals seeking a multi-family residence. Nestled within New Castle, this property showcases twelve (12) thoughtfully designed One (1) Bedroom apartments. As a value-add proposition, this property presents the chance to enhance its appeal further. Five (5) units currently require minor rehabilitation, providing the perfect canvas for creative improvements. With a little investment, you can revitalize these units to attract even more discerning tenants and maximize the property's potential. Situated within a restored old home, this building seamlessly blends the charm of its original architecture with the practicality of a modern multi-family residence. The building is fully sprinkled and has an elevator that provides convenient access to all floors.

FOR SALE DETAILS

PRICE

$499,999 USD

PRICE/SF

$50 USD /SF

# OF UNITS

12

PRICE/UNIT

$41,667

CAP RATE

Request Cap Rate

% LEASED

58%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

R2

APN/PARCEL ID

02-160400

ASK ABOUT THIS PROPERTY

Michael CastleTotum Realty AdvisorsMore Info
304-290-7826

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Michael CastleTotum Realty AdvisorsMore Info
304-290-7826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.