Single Family Residence For Sale - 351 W 1ST AVE, PARKESBURG, PA 19365

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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.

MLS# PACT2137674

PGM Real Estate Associates, LLC

Active For Sale Residential

$440,000

6 beds • 4 baths • 4324 sqft

Single Family Residence

Detached

1958 Year built

1 days on market

Property Features

Area

4324

Type

RES

Acres

0.13

Style

Other

Cooling

Central A/C

Heating

Central

Stories

Sub Type

SingleFamilyResidence

Bedrooms

Bathrooms

Baths Full

Year Built

1958

Area Source

Estimated

Foundation

Concrete Perimeter

Sub Type Text

Detached

Subdivision

PARKESBURG

Construction

Stucco

Accessibility

None

Lot Size Area Units

Square Feet

Location

Directions: Route 30 Bypass West to Route 10 S to Right on 1st Ave. (Route 372). Property is on the Right.

Market Area: Parkesburg Boro (10308)

Schools

District

OCTORARA AREA

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