$295,000
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Lackawanna Avenue Avenue Olyphant, PA 18447
Mixed Use
Residence
Beds
Baths
...
Bed/Bath
1,793
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Welcome to this fantastic investment opportunity located in the heart of downtown Olyphant! This mixed-use building offers a strategic combination of commercial and residential spaces, making it an ideal prospect for savvy investors.Consisting of 2 storefronts (office and retail) and 2 apartments at... the rear, this property is versatile and caters to various business and residential needs. All four units are currently rented, providing immediate income for the new owner. This property generates a robust gross income of $28,200, this property promises a steady and attractive return on investment. The property boasts a recently installed roof, ensuring longevity and minimizing maintenance costs. The basement has also been painted and paneled. Additional features include off-street parking for tenants and well as a detached 20 x 20 garage which can be utilized or rented out for storage, adding an extra dimension to the property's income potential.Recent sales in the vicinity, including a building just one block away selling for over $1 million, underscore the burgeoning value and potential of this downtown locale. Downtown Olyphant is experiencing a renaissance, with new businesses and high-end residential apartments emerging. This trend contributes to the overall desirability and potential appreciation of the property. Don't miss out on this prime investment opportunity in the flourishing downtown Olyphant area. Whether you're an investor looking for a reliable income stream or someone seeking a strategic commercial-residential mix, this property has it all. Contact us for more information or to schedule a viewing today!All information and measurements are approximate, not warranted or guaranteed.
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MLS#
SC621
Property Type
Mixed Use
Year Built
1926
Square Feet
1,793
sq. ft
Lot Size
0.1
Stories
1.5
Sewer
Public Sewer
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Source: Walk Score®
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