116 Salem Ave
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116 Salem Ave
26 Unit Apartment Building $1,250,000 ($48,077/Unit) Carbondale, PA 18407
Executive Summary
The Site is approved zoning for multi-family mixed-use. A unique real estate redevelopment opportunity to invest in an attractive income-producing property in the growing housing industry in a strategic location. This offering includes 3 parcels of 43,000 Sf and contains a total building size of approximately 35,550 SF. Property offers excess of 49 adjunct parking. First floor retail options: daycare, laundromat. The local government is assisting with development grants &tax incentive
Property Facts
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $48,077 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 43,550 SF |
| No. Units | 26 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Apartment Style | Mid Rise |
| Price | $1,250,000 |
| Price Per Unit | $48,077 |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 43,550 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1910/2024 |
| Parking Ratio | 1.41/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 21 | - | - |
| 2+2 | 2 | - | - |
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PROPERTY TAXES
| Parcel Number | 05505030021 | Improvements Assessment | $30,000 |
| Land Assessment | $5,000 | Total Assessment | $35,000 |
PROPERTY TAXES
Parcel Number
05505030021
Land Assessment
$5,000
Improvements Assessment
$30,000
Total Assessment
$35,000
zoning
| Zoning Code | Multi Unit Residential (Commercial, Residential) |
| Multi Unit Residential (Commercial, Residential) |
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116 Salem Ave
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