Opportunity knocks in this 7 unit apartment building complex in Clarion Borough. Two units (#1 and #6) are 2 bedrooms and unit #1 is rented for $600/month and tenant pays the electric. Two units are one bedroom (unit #2 and #5) each pays electric. Remaining units estimated at $600-$650/month with the owner pays all electric, water, sewage and gas. Heat is provided by two forced air heating system. Five total electric meters (units #3, #4 and #7 are are on same electric meter). The 7th unit is an efficiency unit in basement area & adds approximately 400 sq ft of finished area. Balance of basement contains the utility systems. Good parking in front and to the rear of property. Roof was installed 4 years ago. Great income potential. Utility numbers reflect 5 units being vacant. Large covered front porch. Gravel parking at rear. Units #3, #4 and #7 are efficiency apartments.
Sold for $280,000 on 05/20/24
$280,000
516 Elss St, Clarion, PA 16214
9beds
7baths
3,368sqft
MultiFamily
Built in 1920
-- sqft lot
$296,500 Zestimate®
$83/sqft
$1,020 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: March 20, 2025 at 08:23pm
Listed by:
Brian Burford,
Burford & Henry Real Estate Services
Bought with:
Alison Heffner, RS343018
Burford & Henry Real Estate Services
Source: Allegheny Valley BOR,MLS#: 156424
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 7
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Unit 1 Refrigerator, Unit 2 Refrigerator, Unit 3 Refrigerator, Unit 4 Refrigerator, Unit 5 Refrigerator, Unit 7 Refrigerator, Unit 1 Stove, Unit 2 Stove, Unit 4 Stove, Unit 5 Stove, Unit 6 Stove, Unit 7 Stove
Features
- Basement: Partial
Interior area
- Total structure area: 3,368
- Total interior livable area: 3,368 sqft
Property
Parking
- Total spaces: 7
Features
- Stories: 2
- Patio & porch: Porch
Lot
- Size: 8,363 sqft
Details
- Parcel number: 05011970
- Zoning: MU Multi-Use
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame, Vinyl Siding
- Roof: Composition
Condition
- Year built: 1920
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Clarion
HOA & financial
Other financial information
- Total actual rent: 4000