116 Salem Ave
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116 Salem Ave
26 Unit Block of Flats £979,125 (£37,659/Unit) Carbondale, PA 18407
Executive Summary
The Site is approved zoning for multi-family mixed-use. A unique real estate redevelopment opportunity to invest in an attractive income-producing property in the growing housing industry in a strategic location. This offering includes 3 parcels of 43,000 Sf and contains a total building size of approximately 35,550 SF. Property offers excess of 49 adjunct parking. First floor retail options: daycare, laundromat. The local government is assisting with development grants &tax incentive
Property Facts
| Price | £979,125 | Building Class | C |
| Price Per Unit | £37,659 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 43,550 SF |
| No. Units | 26 | Number of Floors | 4 |
| Property Type | Residential | Year Built/Renovated | 1910/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Apartment Style | Mid Rise |
| Price | £979,125 |
| Price Per Unit | £37,659 |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 43,550 SF |
| Number of Floors | 4 |
| Year Built/Renovated | 1910/2024 |
| Parking Ratio | 1.41/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 21 | - | - |
| 2+2 | 2 | - | - |
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PROPERTY TAXES
| Parcel Number | 05505030021 | Improvements Assessment | £23,499 |
| Land Assessment | £3,916 | Total Assessment | £27,415 |
PROPERTY TAXES
Parcel Number
05505030021
Land Assessment
£3,916
Improvements Assessment
£23,499
Total Assessment
£27,415
zoning
| Zoning Code | Multi Unit Residential (Commercial, Residential) |
| Multi Unit Residential (Commercial, Residential) |
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116 Salem Ave
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