Unique 3 building, 8 unit property in the heart of downtown Albion! This property features a 4 unit with frontage on N. Main St. It has 2 units up, 2 units down. The second building is a 2 unit, one unit up, one unit down. The third building is a duplex. Wrap around driveway with parking for each tenant at their unit, approximately 12 spots total. Also features a large greenspace for picnics, etc that may be buildable (if permitted by boro). All units have been extensively updated by owner, including 3 roofs, siding, windows, electric panels, some furnaces and HWT's too. Note, the driveway to north and south provides access to building to the south. (I can provide explanations). Each apartment is in very nice condition with many long term tenants. RENTS are SIGNIFICANTLY BELOW MARKET Rates. Modestly adjusted rents and expenses could make this complex a cash cow! Note, gross income and expenses are 2023 actuals. Unit sq footage is estimated. No seller financing available.
Sold for $225,000 on 11/14/24
$225,000
25 N Main St, Albion, PA 16401
15beds
10baths
6,546sqft
Quadruplex, Multi Family, Multi Family
Built in 1900
-- sqft lot
$288,300 Zestimate®
$34/sqft
$1,056 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 15, 2024 at 01:57pm
Listed by:
Bob Pfister (814)315-9831,
Bob Pfister Real Estate Services
Bought with:
Nicholas Haller, RS363452
Agresti Real Estate
Source: GEMLS,MLS#: 178163Originating MLS: Greater Erie Board Of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 10
Heating
- Forced Air, Gas
Cooling
- None
Interior area
- Total structure area: 6,546
- Total interior livable area: 6,546 sqft
Property
Parking
- Total spaces: 12
Lot
- Size: 0.42 Acres
- Dimensions: 110 x 167 x 0 x 0
Details
- Parcel number: 01004017.0018.00
- Zoning description: R-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Fourplex
- Property subtype: Quadruplex, Multi Family, Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- Good Condition,Resale
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Albion
HOA & financial
Other fees
- Deposit fee: $5,000
Other
Other facts
- Listing terms: See Remarks
- Road surface type: Paved