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121 Locust Street

$1,750,000
121 Locust Street, Ambridge, PA 15003
121 Locust Street
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$1,750,000

121 Locust Street

0.8 Acres

Description

Properties like this do not come around often. Exceptional opportunity to acquire a well-maintained 26-unit multifamily building offering immediate income and long-term stability. This solid 100% all-brick property features a desirable unit mix of spacious 2- and 3-bedroom apartments, attracting strong tenant demand and consistent occupancy. The property has been thoughtfully updated, with many units renovated to include modern finishes, updated kitchens and baths, new flooring and improved mechanical systems if needed. The building has been professionally maintained and cared for, resulting in a true turnkey investment with reliable performance. Tenants appreciate the larger floor plans, making the property especially attractive to long-term renters and families -- a major factor in minimizing turnover and vacancy. The building is divided in two - both 111 & 121 have 13 units, a laundry room with coin-op for additional income, storage lockers, maintenance rooms. There is a playground and yard space are in the back and plenty of off-street parking out front. Perfect property to acquire to add 26 doors to that portfolio in the emerging market of Ambridge where we are seeing revitalization up and down the town!

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Location

121 Locust Street, Ambridge, PA 15003

Status

For Sale
Mark Gulla photo

Mark Gulla

121 Locust Street

121 Locust Street

$1,750,000

Properties like this do not come around often. Exceptional opportunity to acquire a well-maintained 26-unit multifamily building offering immediate income and long-term stability. This solid 100% all-brick property features a desirable unit mix of spacious 2- and 3-bedroom apartments, attracting strong tenant demand and consistent occupancy. The property has been thoughtfully updated, with many units renovated to include modern finishes, updated kitchens and baths, new flooring and improved mechanical systems if needed. The building has been professionally maintained and cared for, resulting in a true turnkey investment with reliable performance. Tenants appreciate the larger floor plans, making the property especially attractive to long-term renters and families -- a major factor in minimizing turnover and vacancy. The building is divided in two - both 111 & 121 have 13 units, a laundry room with coin-op for additional income, storage lockers, maintenance rooms. There is a playground and yard space are in the back and plenty of off-street parking out front. Perfect property to acquire to add 26 doors to that portfolio in the emerging market of Ambridge where we are seeing revitalization up and down the town!
Mark Gulla
Mark Gulla Contact

Features & Amenities

Exterior

Utilities Electricity Available, Natural Gas Available, Sewer Available, Water Available
ROOF Asphalt
Parking Off Street

Area & Lot

Status For Sale
LOT SIZE 0.8 Acres
MLS® ID 1739462
Type Residential
Year Built 1962
School District Ambridge

Financial

SALES PRICE $1,750,000
REAL ESTATE TAXES $20,839/yr
Zoning C
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