Welcome to 351 W. 1st Ave., Parkesburg! 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,… Read More 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. Read Less
Courtesy of Abigail Zhou, PGM Real Estate Associates, LLC 610-344-0600
Listing Snapshot
Days Online
19
Last Updated
Property Type
Single Family Residential
Beds
6
Full Baths
4
Square Ft.
4,324
Lot Size
0.13 Acres
Year Built
1958
MLS Number
PACT2137674
Additional Details
Building
Built in 1958, Living area: 4324, Levels: 2, Construction Materials: Stucco
Cooling
Central A/C
Accessibility Features
None
Foundation
Concrete Perimeter
Heating
Central
Lot
0.13 acres
Property
Other structures: Above Grade
Sewer
Public Sewer
Taxes
Annual Amount: $9,926, Year: 2026, Zoning: C
Utilities
Water Source: Public
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