576 South 1ST Avenue, Coatesville, PA 19320 | Listings

576 South 1ST Avenue, Coatesville, PA 19320

  • $360,000 (sold: 5/5/2021)
  • Year Built: 1900
  • Commercial
  • Listing #PACT531784
  • Status: Sold

Property Description

Solid income producing 7-unit property with 6 rented apartments and available commercial/flex space. This large South Coatesville Boro property has fully rented apartments to long term tenants. All apartments have updated/remodeled kitchens and bathrooms. Tenants pay heat, hot water & elec. Landlord pays water/sewer/trash. Buyer can choose to rent to commercial businesses as tenants in the 3000+ SF of first floor space that was last used as a local sports bar. There are also 3 spaces on the lower level with rear exit doors outside for the possibility of 3 more residential apartments, to provide lots of possibilities for this property to have even more passive income potential! Zoning allows a wide range of uses, laundry mat, pizza shop, deli, office, retail. Currently configured as 7 units that generates - unit rents: #A, 2BD $696, #B, 2BD $845, #C 3BD $925, #D 3BD $960, #E 3BD $960, #F 1BD $850 rehabbed unit for a total of $5236/monthly rent. Commercial space is not occupied. 2 tenants are the housing authority's housing choice voucher program. Worth seeing this INVESTMENT OPPORTUNITY. Showings in groups: Tues 3/30 10-1pm, Wed 3/31 4-6 pm and Sat 4/3 11-2pm. Submit offers by 4/6

Listing Details

Price$360,000 (sold: 5/5/2021)
Year Built1900
Property TypeCommercial
Listing #PACT531784
StatusSold
Listing TypeFor Sale

Exterior Features

Lot Size0.19 acres

Courtesy of Ron Ehman, NextHome Signature

This content last updated on 7/25/2021 3:19 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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