25 N Main Street Albion, PA 16401
Unique 3 building, 8 unit property in the heart of downtown Albion! This property features a 4 unit with frontage on N. Main St. It has 2 units up, 2 units down. The second building is a 2 unit, one unit up, one unit down. The third building is a duplex. Wrap around driveway with parking for each tenant at their unit, approximately 12 spots total. Also features a large greenspace for picnics, etc that may be buildable (if permitted by boro). All units have been extensively updated by owner, including 3 roofs, siding, windows, electric panels, some furnaces and HWT's too. Note, the driveway to north and south provides access to building to the south. (I can provide explanations). Each apartment is in very nice condition with many long term tenants. RENTS are SIGNIFICANTLY BELOW MARKET Rates. Modestly adjusted rents and expenses could make this complex a cash cow! Note, gross income and expenses are 2023 actuals. Unit sq footage is estimated. No seller financing available.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyErie
- Taxes$3,102
- HOA/Condo/Coop Fees$0
- Days on Site19 Days
- MLS StatusPending
- MLS ID Number178163
- Home Size Source Assessor
- Year Built1900
- Lot Size0.4192 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Fourplex
- Construction Vinyl Siding
- Parking Spaces 12
- Sewer Public Sewer
- Acreage 0.4192
- Water Public
- Zoning R-2
- Property Sub Type Multi Family
- Garage Spaces 0
Interior Features
- Cooling None
- Heating Forced AirGas
Exterior Features
- Roof Asphalt
Community Features
- Township Albion Borough
- MLS Area 10 - Elk Crk/Conn/Albion/Platea/Springfield