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320 E Lincoln Ave

12 Unit Apartment Building $711,619 CAD ($59,302 CAD/Unit) New Castle, PA 16101

Investment Highlights

  • 58% occupied
  • Elevator
  • Located by Highschool
  • Fully Sprinkled
  • Ample Parking
  • Ideal Location

Executive Summary

This unique offering presents an exceptional opportunity for investors or individuals seeking a multi-family residence. Nestled within New Castle, this property showcases twelve (12) thoughtfully designed One (1) Bedroom apartments. As a value-add proposition, this property presents the chance to enhance its appeal further. Five (5) units currently require minor rehabilitation, providing the perfect canvas for creative improvements. With a little investment, you can revitalize these units to attract even more discerning tenants and maximize the property's potential. Situated within a restored old home, this building seamlessly blends the charm of its original architecture with the practicality of a modern multi-family residence. The building is fully sprinkled and has an elevator that provides convenient access to all floors.

Property Facts

Price $711,619 CAD
Price Per Unit $59,302 CAD
Sale Type Investment
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.40 AC
Building Size 10,000 SF
Average Occupancy 58%
No. Stories 4
Year Built 1920

Unit Amenities

  • Kitchen
  • Tub/Shower

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-160400
Land Assessment
$18,787 CAD
Improvements Assessment
$213,913 CAD
Total Assessment
$232,700 CAD

zoning

Zoning Code R2 (R2)
R2 (R2)
  • Listing ID: 28663947

  • Date on Market: 2023-06-05

  • Last Updated:

  • Address: 320 E Lincoln Ave, New Castle, PA 16101

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