BEDS6
BATHS4 full
SQUARE FEET4,324
MLS#PACT2137674
STATUSACTIVE
PROPERTY TYPEResidential - Single Family
SUBDIVISIONPARKESBURG
SCHOOLOCTORARA AREA
Property Description
Welcome to 351 W. 1st Ave., Parkesburg! Excellent investment opportunity featuring a mixed-use property with four total units—one spacious commercial unit on the first floor and three residential apartments upstairs. Convenient street parking is available nearby. The first-floor commercial space offers approximately 2,000 sq. ft. with a bright, open layout and plenty of flexibility. The expansive main area can be configured for offices, a reception area, coffee station, or kitchenette. An additional large private room provides an ideal space for a separate office, conference room, or other use. A separate utility/appliance room also offers additional storage space, along with a restroom. The seller has already obtained the permit for the commercial space. With flooring and drywall work still to be completed, the space offers an opportunity for the new owner to finish it to their needs. Once completed, the commercial unit has the potential to generate approximately $1,800 per month in rental income. Upstairs are three residential apartments: Apartment 1: One bedroom $800; Apartment 2: Two bedrooms $1060; Apartment 3: Two bedrooms $1200 after renovation at seller's expense. All three apartments are currently occupied and generate a combined rental income of approximately $2,900 per month. Existing leases will transfer with the sale. With established residential rental income plus the potential income from the first-floor commercial space, 351 W. 1st Ave. presents a great opportunity for investors looking to add a mixed-use income-producing property to their portfolio.
Property Features
Property Type: Residential - Single Family
Cooling: Central A/C
Fuel Type: Natural Gas, Electric
Heating: Central
Lot Size: 0.13 Acres
Stories: 2.0
Taxes: $9,926
Year Built: 1958
Feature Descriptions
Additional Structures: Above Grade
Days on Site: 4
Exterior: Stucco
Lot Dimensions: 0.13 Acre(S)
Municipality: PARKESBURG BORO
Sewer: Public Sewer
SQFT Above Finished: 4324
SQFT Total Finished: 4324
Structure Type: Detached
Water: Public
Local Schools
School District: OCTORARA AREA
Listed By / Shown By
Listed By
Agency Name: PGM Real Estate Associates, LLC
Agency Phone: 6103440600
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 1,934.75 per month $979.25 Principal & Interest $827.17 Property Tax $128.33 Homeowner's InsuranceChange Payment Information
351 W 1st Avenue | MLS# PACT2137674
This single family home located at 351 W 1st Avenue, Parkesburg, PA 19365 is currently listed for sale with an asking price of $440,000. This property was built in 1958 and has 6 bedrooms and 4 full baths with 4324 sq. ft. W 1st Avenue is located in the PARKESBURG subdivision within the OCTORARA AREA school district. Search PARKESBURG real estate on www.realtymark.net today.