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Listed by EXP REALTY LLC
$ 158,900
Est. payment | /mo
0.26 Acres Lot
$ 158,900
Est. payment | /mo
0.26 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 1768885
HOA Y/N No
Year Built 1930
Annual Tax Amount $4,801
Lot Size 0.260 Acres
Acres 0.2603
Property Sub-Type Multi Family
Property Description
Looking for an income-producing property in Indiana Borough? This fully occupied three-unit property offers an opportunity to add an established rental to your investment portfolio. Conveniently located near downtown Indiana, shopping, dining and IUP, the property includes a duplex plus a separate apartment above the rear garage. Current monthly rents are $675, $900 and $700, providing $2,275 per month in rental income. The unit mix includes 3BR/1.5BA + 3BR/1BA + 2BR/1BA, all with laundry.
349 S 6th offers three bedrooms, 1.5 baths, main-level laundry and a large walk-in closet. 351 S 6th features three bedrooms, one bath and basement laundry. 353 S 6th is a two-bedroom, one-bath apartment with laundry on the garage level. Each unit includes a landlord-owned refrigerator, stove, washer and dryer.
Since purchasing the property, the current owners have made improvements throughout, including new electrical outlets and breakers as needed in all three units, along with additional smoke and carbon monoxide detectors. Improvements to Unit 351 include interior painting, refinished kitchen countertops, new carpet in the rear porch area and polyurethane finish applied to the main-level hardwood floors. Unit 349 features a new bathroom vanity.
Off-street parking and a shared yard add convenience for tenants. One garage bay is currently retained by the owner for storage and is not included in the stated rental income, offering potential for additional monthly income if rented. Whether you're expanding an existing portfolio or considering your first multi-unit investment, this property offers existing tenants, current income and additional income potential.
349 S 6th offers three bedrooms, 1.5 baths, main-level laundry and a large walk-in closet. 351 S 6th features three bedrooms, one bath and basement laundry. 353 S 6th is a two-bedroom, one-bath apartment with laundry on the garage level. Each unit includes a landlord-owned refrigerator, stove, washer and dryer.
Since purchasing the property, the current owners have made improvements throughout, including new electrical outlets and breakers as needed in all three units, along with additional smoke and carbon monoxide detectors. Improvements to Unit 351 include interior painting, refinished kitchen countertops, new carpet in the rear porch area and polyurethane finish applied to the main-level hardwood floors. Unit 349 features a new bathroom vanity.
Off-street parking and a shared yard add convenience for tenants. One garage bay is currently retained by the owner for storage and is not included in the stated rental income, offering potential for additional monthly income if rented. Whether you're expanding an existing portfolio or considering your first multi-unit investment, this property offers existing tenants, current income and additional income potential.
Location
State PA
County Indiana
Area Indiana Boro - Ind
Zoning R-1
Rooms
Basement Full, Unfinished
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Parking Features Detached, Garage, Off Street
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Roof Type Asphalt
Total Parking Spaces 4
Garage Yes
Building
Structure Type Cedar
Schools
School District Indiana Area
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