🔥 11,000/Month – CASH FLOW PORTFOLIO! 🔥 MULTIFAMILY DEAL in Clarion For Sale

  • $550,000
  • 3 beds
  • 2 baths
  • 836 sq. ft. sqft

PROPERTY 1:

521 Elss
St Clarion, PA 16214
3 bed, 2 baths, 836 sq. ft.
Built in 1947 on 0.1370-acre lot

This is a 3 bedroom 2 bath house with an attached garage that has been converted into Two 1 bedroom 1 bath units! overall it’s basically a 5 bedroom 4 baths house!

The main house is vacant and 1 out of the 2 1/1 units is currently occupied. It could use some interior cosmetic updates, a new water heater, and a new heater as well.

So much potential for this property as a cash flow investment!

The House is rented for $900, while each apt rent for $400 each(This could EASILY be raised to $600). $20,400 per year gross income as it is now and it even has more potential once improved and could go up to $26.4k.

*It is common in the area to allow “rooms for rent” for students as well at $1,300-$1,800 per student per semester.


PROPERTY 2:

30 Shady Ave
Clarion, PA 16214
3 bed, 1.5 baths, 1,176 sq. ft.
Built in 1964 on 0.1550-acre lot

This is a 3 bedroom 1.5 bathhouse. It could use some interior and exterior cosmetic updates, a new heater, and a window to replace.

So much potential for this property as a cash flow investment!

The House is rented for $900 but could easily rent for $600 per room. Students also will pay 1.3k-1.8k per semester. Currently rented a month to month at $10.8k per year now. Could be raised up to $15.6-$21.6k.


PROPERTY 3:

208 Wilson Ave
Clarion, PA 16214
3 bed, 1 bath, 988 sq. ft.
Built in 1923 on 0.2519-acre lot

This is a 3 bedroom 1 bath house occupied by an elderly couple who currently rents it at $700 per month. House is in really nice shape, with all original finishes, but cosmetic updates could probably be made if desired.

So much potential for this property as a cash flow investment!

House could potentially rent for $1k/month for the whole place or 1.3-1.8k per room per semester to students! Currently, at $8.4k per year, it could still be raised to about $15.6-21.6K!


PROPERTY 4:

245 S 5th Ave
Clarion, PA 16214
5 bed, 2 baths, 1,846 sq. ft.
Built in 1948 on 0.2399-acre lot

This is a 5 bedroom 2.5 bath house occupied by 2 tenants only(PER ROOM) at $300 each a month. The house could use some cosmetic updates, but over all, no major repairs are required. House also features a basement, paved driveway, and large back yard.

So much potential for this property as a cash flow investment!

House could potentially rent for $1.4k/month for the whole house or 1.3-1.8k per room per semester to students! Currently, $14.4k per year and could potentially be 19.5-36k when rented by the room per semester!


PROPERTY 5:

57 N 4th Ave
Clarion, PA 16214
7 bed, 7 baths, 784 sq. ft.
Built in 1870 on 0.288-acre lot

This house is actually a 7-Unit apartment with 1 bedroom and 1 bathroom 700+ sqft each! 5 Are currently occupied and 2 will need a full rehab. All occupied units will probably need some cosmetic touch-ups, but there are no known major issues. This is a 2 story building with 3 units on the lower floor, 3 units on the second floor, and 1 in the basement. One of the top floor units caught fire(no structural damage identified).

These units are mostly used as “College rentals” and all rent at $450/month, but other apartments in the area would rent at $750-800(even ones in worse shape!). Currently, this property brings in about $46.2K/year, but really has the potential to bring up to 63K per year or more!

So much potential for this property as a cash flow investment!

Each unit could potentially rent for 1.3-1.8k per room per semester to students as well.


PROPERTY 6:

501 Greenville Pike,
Clarion, PA 16214
5 bed, 2 baths, 1886 sq. ft.
Built in 1940 on 0.459-acre lot

Check out this 5 bedrooms 2 bath house in Clarion! It’s in great shape and would only need cosmetic touch-ups if desired!

This house is currently rented at $900/month but could easily be bumped up to $1200!

Again, each room could potentially rent for 1.3-1.8k per room per semester to students as well. This house currently generates 10.8K/yr with a potential to go up to 26-36K per year!


PROPERTY 7:

509 Greenville Pike
Clarion, PA 16214
4 bed, 2.5 baths, 1616 sq. ft.
Built in 1942 on 0.5-acre lot

Very similar to the property above this 4 bedrooms 2.5 bath house is in great shape and would only need cosmetic touch-ups if desired!

This house is currently rented at $1000/month but could easily be bumped up to $1200!

Again, each room could potentially rent for 1.3-1.8k per room per semester to students as well. This house currently generates 12K/yr with a potential to go up to 20.8-28.8K per year!


*This will take you to a DocuSign form. Name/Email required. 


MORE PHOTOS COMING SOON

Buy it NOW! Price: $ 550,000.00

ALL REASONABLE OFFERS WILL BE CONSIDERED

*BUY IT NOW option will award the property to the first person who submits the assignment agreement and $5,000 EMD. The open house will then be canceled and other attendees notified the property is no longer available.


Cash or Hard Money Only – Close by 13 Aug

Agents- Add your Fee on Top

OCCUPIED – DO NOT DISTURB

Contact Adrian at 850-900-8024 for more info (text is best)
Price:
$550,000
Address:
521 Elss St
Clarion, PA 16214
Square Feet:
836 sq. ft.
Lot Size:
0.1370 acre
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Multi-family
Year Built:
1947

Call 850-972-0484 for more details

Property Location