51 E 4th St - Apartments FOR SALE


Emporium, PA 15834
$229,000 USD
814-335-6389
51 E 4th St, Emporium, PA for Sale
$229,000 USD
Apartments - FOR SALE
1/14
null | 12.52% Cap Rate

51 E 4th St
Emporium, PA 15834


HIGHLIGHTS

  • Long term tenants
  • Consistently maintained
  • Centrally located

OVERVIEW

Commercial investment property includes 4 units total with long term tenants in each. First floor is currently a restaurant, 2 apartments on the second floor, and 1 large apartment on the third floor. Consistently rented, currently with long-term tenants. Restaurant has new tenants (April 2023) with a 3-year lease. Building has been consistently maintained and has a great location for future potential and alternate uses. SALE DOES NOT INCLUDE BUSINESS but does include most restaurant equipment and furnishings. Additional photos and Building Inspection available at request. Seller financing available with a sizeable (30-50%) down payment. Building has been consistently maintained and leased. Restaurant lease is $1400/month until April 2024, where it increases to $1500. The 3 apartment rents are $575, $685, & $757 per month, and include all utilities ( gas, electric, water, garbage, sewage). The rents are typical for this rural area, but could be adjusted accordingly.

FOR SALE DETAILS

PRICE

$229,000 USD

PRICE/SF

$27 USD /SF

# OF UNITS

4

PRICE/UNIT

$57,250

CAP RATE

12.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

51 E. 4th Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

C2

APN/PARCEL ID

02-54-344

ASK ABOUT THIS PROPERTY

Anne HorningCrown Realty ServicesMore Info
814-335-6389

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Anne HorningCrown Realty ServicesMore Info
814-335-6389

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