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25141 State St - Great Investment Opportunity (MLS 190123) 2 Unit Apartment Building Offered at $88,900 Meadville, PA 16335
Executive Summary
This property is a great investment opportunity with significant potential for growth. If you're seeking a promising addition to your portfolio, this could be an excellent fit. Located just outside of Meadville. There is one gas meter, and the landlord currently pays the gas bill. The property has one forced air natural gas furnace and one gas hot water heater. The two-unit building is solid with room for rental growth. Schedule a showing to understand the possibilities this property can offer.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$10,800
|
$5.66
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$10,800
|
$5.66
|
| Taxes |
$1,453
|
$0.76
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,453
|
$0.76
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $10,800 |
| Annual Per SF | $5.66 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $10,800 |
| Annual Per SF | $5.66 |
| Taxes | |
|---|---|
| Annual | $1,453 |
| Annual Per SF | $0.76 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $1,453 |
| Annual Per SF | $0.76 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
| Price | $88,900 | Apartment Style | Garden |
| Price Per Unit | $44,450 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 1,908 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Year Built | 1950 | |
| Zoning | B-1 - Business | ||
| Price | $88,900 |
| Price Per Unit | $44,450 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | |
| Apartment Style | Garden |
| Lot Size | 0.16 AC |
| Building Size | 1,908 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Zoning | B-1 - Business |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $650.00 | 1,000 |
| 1+1 | 1 | $250.00 | 896 |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
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25141 State St - Great Investment Opportunity (MLS 190123)
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