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9 Unit Portfolio In New Brighton, PA 2 Retail Properties Offered at $650,000 in New Brighton, PA
Executive Summary
This set of four contiguous buildings in beautiful, downtown New Brighton is a cash producing, 9 unit rental portfolio! All it needs is a new owner to manage the properties! The rentals include a mixture of retail store fronts on the street level and residential apartments, including studio, 1 and 2 bedroom units in the upper levels. Most of the units are already rented and have long term leases that will convey. Plus, one the storefronts (811 3rd Ave) is vacant, gutted and ready to be renovated, so bring your own entrepreneurial ideas and maybe open up your own shop or, remodel to suit a prospective incoming client. Buildings have all been well maintained and lots of recent updates have been completed. Includes parcels 40-001-0502.000, 40-001-0503.000, 40-001-0505.000 and 40-001-0506.000.
Taxes & Operating Expenses (Actual - 2025) |
Annual |
|---|---|
| Gross Rental Income |
$67,380
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$67,380
|
| Taxes |
$10,045
|
| Operating Expenses |
$7,580
|
| Total Expenses |
$17,625
|
| Net Operating Income |
$49,755
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $67,380 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $67,380 |
| Taxes | |
|---|---|
| Annual | $10,045 |
| Operating Expenses | |
|---|---|
| Annual | $7,580 |
| Total Expenses | |
|---|---|
| Annual | $17,625 |
| Net Operating Income | |
|---|---|
| Annual | $49,755 |
Property Facts
| Price | $650,000 | Number of Properties | 4 |
| Price / SF | $122.50 / SF | Individually For Sale | 0 |
| Cap Rate | 7.70% | Total Building Size | 5,306 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.11 AC |
| Status | Active |
| Price | $650,000 |
| Price / SF | $122.50 / SF |
| Cap Rate | 7.70% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 5,306 SF |
| Total Land Area | 0.11 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 807 3rd Ave, New Brighton, PA 15066 | Retail | 3,436 SF | 1980 | - |
| 811 3rd Ave, New Brighton, PA 15066 | Retail | 1,870 SF | 1980 | - |
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9 Unit Portfolio In New Brighton, PA