329 14th St, Ambridge, PA 15003

Prime multi-unit investment opportunity ideally located between the Old Economy Historic District and the New Economy redevelopment area. This former “Metro” building has been converted into residential units and offers immediate rental income with substantial value-add potential. The first floor features a renovated one-bedroom unit currently generating $700 per month, along with a studio unit that is present vacant, providing an immediate leasing or repositioning opportunity. The second floor includes a spacious, renovated three-bedroom unit producing $900 per month in rental income. The third floor consists of eight private sleeping rooms with two shared bathrooms and is currently vacant. There is potential to reconfigure this space into two residential units, subject to buyer verification and approval with local authorities. The property has been modernized on the first and second floors and is partially tenant-occupied, allowing for current cash flow with upside through the vacant studio and third floor. Additional features include commercial zoning offering flexible usage options, a single hot water heating system serving all floors, a sprinkler system installed on the first floor, and an electrical setup with separate meters for each unit on the first and second floors and a single meter for the third floor. Three adjacent lots located to the right of the building are also available for rent.