Investment opportunity at 830 Midland Avenue in Midland! This versatile multi-unit commercial property offers immediate rental income along with additional potential for its next owner. The property includes two fully furnished and currently occupied apartments. The second-floor apartment features 2 bedrooms with a lease in place at $1,700 per month, while the first-floor 1-bedroom apartment is occupied by a month-to-month tenant at $1,000 per month, providing $2,700 per month in existing residential rental income. The main commercial space is currently operated as a beauty salon by the property owner, who plans to retire upon the sale. This gives the new owner the opportunity to continue the space as a salon, lease it to another business, or explore a completely different commercial use. Additional features include a large two-car detached garage, spacious covered rear deck/porch, and a full walk-out basement offering plenty of additional storage and usable space. An additional side lot is also included in the sale and currently has interested buyers, giving the new owner the flexibility to retain the additional property or potentially sell it separately. With $32,400 in annual residential rental income already in place, a commercial space ready for its next chapter, and the added value of a garage and additional lot, this property offers multiple possibilities for an investor, entrepreneur, or owner-occupant. Also included in the sale parcel 832 and 836.
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Midland is located in Pennsylvania. Midland, Pennsylvania has a population of 2,661. Midland is less family-centric than the surrounding county with 25.07% of the households containing married families with children. The county average for households married with children is 25.48%.
The median household income in Midland, Pennsylvania is $54,375. The median household income for the surrounding county is $62,152 compared to the national median of $69,021. The median age of people living in Midland is 42.2 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 21 degrees. The average rainfall is approximately 37.7 inches per year, with 22.1 inches of snow per year.
