6-Unit Apartment Complex (MLS 181921) 409 Penn St
6 Unit Apartment Building $295,000 ($49,167/Unit) Linesville, PA 16424
EXECUTIVE SUMMARY
INVESTMENT OPPORTUNITY -- Featuring 6 rental units in close proximity to restaurants, shopping and only minutes from Pymatuning Reservoir and its many recreational activities. 2 large units per floor, all on city sewer and water. This commercial property has been well-maintained and has had many updates. Large parking area behind the building. Don't miss out on this solid business venture!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$42,600
|
$5.86
|
| Other Income |
$3,060
|
$0.42
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$45,660
|
$6.28
|
| Taxes |
$2,968
|
$0.41
|
| Operating Expenses |
$27,667
|
$3.81
|
| Total Expenses |
$30,635
|
$4.22
|
| Net Operating Income |
$15,025
|
$2.07
|
PROPERTY FACTS
UNIT AMENITIES
- Washer/Dryer
- Ceiling Fans
- Refrigerator
- Oven
- Porch
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
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PROPERTY TAXES
| Parcel Number | 30-0-014763 | Total Assessment | $32,750 |
| Land Assessment | $1,350 | Annual Taxes | $2,968 ($0.41/SF) |
| Improvements Assessment | $31,400 | Tax Year | 2024 |
ZONING
| Zoning Code | R-2 (Residential Multi-Family) |
