632 State StSharon, PA 16146

This exceptional seven-story apartment building, constructed in the 1950s, presents a compelling investment opportunity in the heart of Sharon, PA. Boasting approximately 52 units, each easily configurable as either one- or two-bedroom apartments, this property offers significant potential for immediate and long-term returns. The building features convenient elevators for all seven floors, along with an on-site manager's office for efficient administration. Ample parking is provided by a combination of a surface lot and a parking deck, with additional spaces located behind the building to ensure resident convenience. A brand new roof has recently been installed, representing a significant cost savings for the new owner. While the boiler requires replacement, the seller is open to negotiation on this matter. All units have been thoroughly cleaned and are ready for immediate occupancy or renovation. The property's strategic location directly adjacent to Sharon Hospital guarantees high occupancy rates and consistent demand. Furthermore, the previous investment company retained cell tower royalties, adding an additional revenue stream to this already promising investment. This property is poised for success with the right management team, offering a rare chance to acquire a substantial multifamily asset in a desirable location. The 1.08-acre lot provides ample space and potential for future development or expansion. The asking price is $2,500,000.