207 209 Lackawanna Ave, Olyphant, PA 18447 Homes for Sale

For Sale

$325,000

• 8 beds
• 3 baths
• 704 Sq Ft

207 209 Lackawanna Avenue,
Olyphant, PA, 18447

Latitude 41.469472 - Longitude -75.605189

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Overview

Listing Status Active

MLS SC620

Property Type

-

Year built

1926

Total rooms

8

Lot size

0.1 Acres

Time on NeighborWho

131 days

Stories

-

Price per Sq Ft

$462

Parking

4e0 car garage

Basement

-

About 207 209 Lackawanna Avenue, Olyphant, PA

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. Read more

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