141 Lincoln Avenue Ext, Charleroi, PA 15022

This is Huge All Brick 6-Unit Apartment Building 3-Story, which has been Rented and occupied by good tenants! This Apt Bldg is Conveniently Located in the quiet part of town and is a walking distance to everything! Tenants are the same since we buy the Building, long time ago! Building generate descent Income, but the Rents can be increased to market value! Apt Building pass all Annual 2015/16 City Inspection, and all 2016 Rental Occupational License are Paid! All Plumbing and Electrical are updated! Mostly New Water Heaters and new Furnaces! The Roof was repaired back in 2007 and since than is NOT any Leaks! Appliances are in working order, and they will come with the building! Building have COIN-OP Landry, Utility & Storage Rooms, Yard & BBQ area! Building is 50 SF wide x 50 SF deep (2500 SF x 3-story)! Total SF is about 4,880 SF on Record + 2400 SF Basement! Apt Bldg sits on 3 Huge Lots (Over 17,250 SF), and have many trees and Amazing views of the valley! Exterior is All Brick, all common areas have been freshly painted last year in 2014! All units are renovated (When Rented), but may use some updates, in order the rents to be increased! Please do NOT Disturb Tenants! Property can be shown only by appointment! Apts 2015 Rent Roll: A#1 (1/1)=(Office), A#2 (2/1)=$645 J.M. (Since 1995), A#3 (2/1)=$795 A.J. (Manager Since 1989) (Paid $795 Rent/Salary), A#4 (1/1)=$0.00 D.F. (Vacant as Nov 2015), A#5 (2/1)=$650 D.S. (Since 1997), A#6 (2/1)=$650 E.S. (Since 1997), COIN-OP Laundry = $100 per month! Monthly Rent Income=$2,840! Annual Rental Income = $34,080! For (5) Years = $170,400! (Actual)! Note: Currant Fair Market Value Rents (If Increased)= $4,670 per Month! For (1) Yr= $56,040! For (5) Yrs= $280,200! All Expenses are very low! Tenants are Paying for their own Electric (Separate Meters)! All Apt Bldg monthly expenses usually average about $200 per month, more or less! R E Tax are only ($893.75 per year)! All Rents are Below Market and New Owner may increase all rents! Apt Bldg is located in a great Neighborhood! Subject property address is: 147 Lincoln Avenue Ext, Charleroi, PA, 15022! This Apts are Conveniently located in walking distance to everything, Banks, Gas Stations, Post Office, Food Super Market, Restaurants, Transport and All Shops! This is only 5 Min to 24 Hrs 'Wal-Mart' and famous 'Belle Vernon Shopping Mall', which is a very hot and demanded area! Moreover, city of Pittsburg is only 25 Min away, and it can offer the Best Casinos, Employment & Entertainment! This Apts are only occupied by old Senior Citizens Tenants, which they seek peace for their retirement (No Noise, No Crime) and they can enjoy Beautiful Mountain Views & fresh air! Location is Great and You will Not be disappointed! This Property will be conveyed 'Free & Clear' by 'Warranty Deed' with 'Title Policy Insurance' (Paid by the Buyer) and this Transaction will be closed by any local Title company, and/or Attorney, which Sellers will choose to close, so this Transaction will be 100% Safe, for all the parties! This Apartment Building is really Amazing Deal and this is Outstanding Investment Opportunity! I am asking only $120,000 for this Apartment 6 unit Building (AS-IS)! (This is only $20,000 per unit)! Property may be worth about $275,000! This is really Amazing Deal! This Apt Bldg is great investment! The only reason I want to Sale is, our Manager become very old and He can't keep up, plus I live in TX, and now I have other Bigger Priorities! I am NOT a Realtor, but I will work with any Realtors and pay the Usual Broker Commission, based on the whole Sale Value of my Property! I am the Property Owner, and the property is under the name of my LLC, and everything is 100% legal, and this Sale will be closed by the Buyer's Title Company of choice, so this will be very smooth transaction! Thank you for your interest! Please call me at (917) 325-2101! OK! God Bless! Thanks! Mario!