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   17
For Sale property id: 78449530
USD 475,000
811 Wilmington Ave, New Castle, Pennsylvania, United States

Description

Outstanding opportunity to own a fully rented, income-generating 9-unit apartment building with off-street parking. The property features a mix of one- and two-bedroom units, with current rents ranging from $675 to $840, and a gross annual income of $78,396. Recent improvements include a newly resealed roof (07/2025), several recently updated units, new washer (2024). Tenants have access to an on-site coin-operated laundry area. Multiple units have passed local housing authority inspections - meeting all standards for habitability, safety, and functionality. All units are under standard lease agreements and managed by a licensed property manager. Owner pays gas, water, and trash; tenants pay electric (heat is electric baseboard). Photos from prior rental listings. This is a true turnkey investment with strong cash flow and minimal upkeep - ideal for investors looking for a stable, professionally managed asset.

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