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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

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    $1,020/mo

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    $1,699/mo

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    What's special

    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.

    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