1219 Merchant St, Ambridge, PA 15003

Description

In the heart of Ambridge, this 3080 square foot mixed-use building delivers steady income right from day one. The entire structure was completely gutted to the studs and rebuilt just two years ago with all new mechanical systems, windows, flooring, fixtures, and more. Everything is fresh and will stay low-maintenance for years to come. The first-floor commercial space is leased long-term to Caffe Nero. The tenant pays $1,450 per month plus 1/3 of taxes, insurance, and all other building expenses. The two upstairs residential units are each leased to established tenants for $1,100 per month. Together, they create a gross annual income of $43,800. All tenants pay their own utilities, so owner costs stay very low. The building has solid construction and separate entrances for easy management. It sits in the heart of the Ambridge historic district, just 16 miles from Pittsburgh, with shops, dining, and the scenic Ohio River nearby. This turnkey property is ready to go and offers reliable returns in a historic Pennsylvania borough with strong rental demand.