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New Castle Apartments

$700,000

308 North Mercer Street, New Castle, PA 16101

Active
Last Updated: 03/11/2024

20,000 sqft

Building Size

1.24 acres

Lot Area

Details:
Building Size:    20,000 sqft
Lot Area:    1.24 acres
Units:    26
Occupancy:    76%
Year Built:    1950
Description:

26 Unit Apartment Building for Sale in New Castle, PA. Two 13-unit building located just outside of the New Castle CBD on New Mercer Street. Value Add opportunity to modernize and update units and take advantage of operational inefficiencies. Current Occupancy is 76%.  Unit Mix consists of 13 1-Bedroom units and 13 2-Bedroom units. Only split utility is electric, which is paid by tenants.


The property is located on North Mercer Street just outside of the New Castle CBD


26 Unit Apartment Building for Sale in New Castle, PA. Two 13-unit building located just outside of the New Castle CBD on New Mercer Street. Value Add opportunity to modernize and update units and take advantage of operational inefficiencies. Current Occupancy is 76%.  Unit Mix consists of 13 1-Bedroom units and 13 2-Bedroom units. Only split utility is electric, which is paid by tenants.

Map:
Documents:
Title
308-310 N MERCER UTILITIES 2022
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308-310 N MERCER UTILITIES 2023
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1 Page Brochure
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New Castle OM
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Location
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