1029 31 EAST Avenue
Property Description
An exceptional opportunity to add a high-performing mixed-use asset to your portfolio. Producing a 12% cap rate, 31% cash-on-cash, and a 1.99 debt coverage ratio, this fully leased investment offers strong cash flow with additional upside potential. The property includes two storefronts and six residential units (four one-bedroom apartments and two efficiency units), creating a diversified income stream that helps reduce vacancy risk. A 30' x 40' warehouse provides added flexibility for additional rental income, storage, or owner use. Located in a commercial zoning district on a prominent corner, the property offers excellent visibility, convenient access to major roadways and public transportation, and a proven combination of stable occupancy.
Broker Details
Agresti Real Estate (814) 459-9400
MLS ID: CHIZS106 State License Number: RS362944
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $329,900 |
| No. of Units: | 8 |
| Year Built: | 1909 |
| Lot Size: | 7,667.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $41,238 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 8 |
ID: 3yd-GEBRPA-190291
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