20 & 48 S 6th Ave, Clarion, PA 16214

Great cash flow with this 26 unit (total) multi-family property. Average rent is $650/month and some utilities are included in rent with some units. Seller working on providing the itemized expenses, but has provided an estimate of $123,,000 in expenses. Property is 100% occupied for gross income of $16,900 (or $202,800 annual income). Most units are two bedroom and one bath. Few are 3 br one bath. Leases are month to month. There are four parcels of land. Three story brick building with 12 units built in 1890. One story building built in 1950 contains 12 units (was a sorority house at one time). Additional two units are a vinyl sided, up/down duplex built about 1900. Borough parking lot adjacent to building for off-street parking availability More information to follow.