Complete info: http://358butlerstreet.ePropertySites.com - Great investment opportunity. Multi-building sale includes 6 storefronts & 7+ apartments with the potential for 4+ more apartments. Some work is already completed including new windows, electrical, roof, some new plumbing & partial renovation of many of the existing residences. Several spaces are currently leased. Property is a cornerstone building on Etna' s main street & only 5 miles from downtown. Property has the potential to generate an estimated $9K+ a month at full capacity. Retail 4 retail spaces along Butler Street & 2 on Freeport Street. 1 storefront is currently rented by Hong Kong Taste restaurant. 2 smaller spaces & 1 larger space. Butler Street are vacant & available for lease. The larger space was previously occupied by a deli. The two small storefronts on Freeport are vacant. Residential The 2nd floor is occupied by 6 1-bedroom units. 1 unit is rented by a long term tenant. Residences have been partially renovated. Fixtures, cabinets, appliances and many materials have been purchased and are awaiting install. All the units have new windows and electrical panels. One additional 2 bedroom, 2-story apartment is rented by the owner of the Chinese Restaurant. At least 4+ additional units could be finished from the ballroom on the 3rd floor. The roof, which was replaced, leaked and the plaster ceiling on this level has fallen down. 3rd floor needs gutted and renovated, along with clean-up, paint and flooring in common areas of the building and repair of an exterior walkway that serves back residences. At least one other 2 bedroom, 2-story apartment is located above the restaurant but needs a new access hallway. Income Property currently generates $1,350/mo. If work was completed & building rented to capacity, gross income is estimated at $9400/mo. Etna, PA The building is part of an River Community Enterprise Zone and could be eligible for grants-to-loans for up to 30%. More info http //www.etnalive.org/etna_enterprise_zone.aspx
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
