6 Beds
4 Baths
4,324 SqFt
6 Beds
4 Baths
4,324 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 4,324 sqft
Price per Sqft $101
Subdivision Parkesburg
MLS Listing ID PACT2137674
Style Other
Bedrooms 6
Full Baths 4
HOA Y/N N
Abv Grd Liv Area 4,324
Year Built 1958
Annual Tax Amount $9,926
Tax Year 2026
Lot Size 5,470 Sqft
Acres 0.13
Property Sub-Type Detached
Source BRIGHT
Property Description
Excellent investment opportunity featuring a mixed-use property with four total units—one spacious commercial unit on the first floor and three residential apartments upstairs. Convenient street parking is available nearby.
The first-floor commercial space offers approximately 2,000 sq. ft. with a bright, open layout and plenty of flexibility. The expansive main area can be configured for offices, a reception area, coffee station, or kitchenette. An additional large private room provides an ideal space for a separate office, conference room, or other use. A separate utility/appliance room also offers additional storage space, along with a restroom.
The seller has already obtained the permit for the commercial space. With flooring and drywall work still to be completed, the space offers an opportunity for the new owner to finish it to their needs. Once completed, the commercial unit has the potential to generate approximately $1,800 per month in rental income.
Upstairs are three residential apartments:
Apartment 1: One bedroom $800;
Apartment 2: Two bedrooms $1060;
Apartment 3: Two bedrooms $1200 after renovation at seller's expense.
All three apartments are currently occupied and generate a combined rental income of approximately $2,900 per month. Existing leases will transfer with the sale.
With established residential rental income plus the potential income from the first-floor commercial space, 351 W. 1st Ave. presents a great opportunity for investors looking to add a mixed-use income-producing property to their portfolio.
Location
State PA
County Chester
Area Parkesburg Boro (10308)
Zoning C
Rooms
Main Level Bedrooms 1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas, Electric
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Story 2
Foundation Concrete Perimeter
Above Ground Finished SqFt 4324
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 2
Additional Building Above Grade
New Construction N
Schools
School District Octorara Area
Others
Senior Community No
Tax ID 08-05 -0061
Ownership Fee Simple
SqFt Source 4324
Special Listing Condition Standard
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