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Listed by PIATT SOTHEBY'S INTERNATIONAL REALTY
$ 479,000
Est. payment /mo
Active
1219 Merchant St Ambridge, PA 15003
4 Beds
3 Baths
1,742 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1745362
Style Two Story
Bedrooms 4
Full Baths 2
Half Baths 1
Construction Status Resale
HOA Y/N No
Year Built 1918
Annual Tax Amount $2,300
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type Other
Property Description
In the heart of Ambridge, this 3080 square foot mixed-use building delivers steady income right from day one. The entire structure was completely gutted to the studs and rebuilt just one year ago with all new mechanical systems, windows, flooring, fixtures, and more. Everything is fresh and will stay low-maintenance for years to come.
The first-floor commercial space is leased long-term to Caffe Nero. The tenant pays $1,450 per month plus 100% of taxes, insurance, and all other building expenses. The two upstairs residential units are each leased to established tenants for $1,100 per month. Together, they create a gross annual income of $43,800 and a net operating income of $43,800. All tenants also pay their own utilities, so owner costs stay very low.
The building has solid construction and separate entrances for easy management. It sits in a convenient spot in Ambridge historic district, just 16 miles from Pittsburgh, with shops, dining, and the scenic Ohio River nearby.
This turnkey property is ready to go and offers reliable returns in a historic Pennsylvania borough with strong rental demand.
The first-floor commercial space is leased long-term to Caffe Nero. The tenant pays $1,450 per month plus 100% of taxes, insurance, and all other building expenses. The two upstairs residential units are each leased to established tenants for $1,100 per month. Together, they create a gross annual income of $43,800 and a net operating income of $43,800. All tenants also pay their own utilities, so owner costs stay very low.
The building has solid construction and separate entrances for easy management. It sits in a convenient spot in Ambridge historic district, just 16 miles from Pittsburgh, with shops, dining, and the scenic Ohio River nearby.
This turnkey property is ready to go and offers reliable returns in a historic Pennsylvania borough with strong rental demand.
Location
State PA
County Beaver
Area Ambridge
Rooms
Basement Storage Space, Walk-Up Access
Interior
Interior Features InteriorFeatures
Heating Gas
Flooring Laminate
Fireplace No
Appliance Some Gas Appliances, Dryer, Refrigerator, Stove, Washer
Exterior
Parking Features On Street
Roof Type Other
Building
Entry Level Two
Architectural Style Two Story
Level or Stories Two
Structure Type Brick
Construction Status Resale
Schools
School District Ambridge
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