249 Greenville Ave, Clarion, PA 16214

Sold as one time showing. Four cottages sold as one multi-family investment property. 249 Greenville Avenue was built in 2002 and is a 24' x 32' cottage with full basement and was rented to a college professor for 22 years at $750/month plus utilities. Vacant at time of sale the projected rent at $1,000/month. 910, 915 and 920 Sandpiper Lane were built in 2010 were three cottages each 24' x 32' with full crawl space. Each were rented through 2026 school year. Rent was $3,500/semester including utilities. Each cottage received $14,000/year and seller had expenses of $17,000 for utilities, reserves for replacement, etc. Seller did mowing and snow removal. Each unit was on their own map number and 249 Greenville had a large lot with potential for 2-3 more cottages. Subdivision would be needed, but most utilities were in place and underground. Purchased for continued use as multi-family income with 1 non-student cottage and three student occupied units.