1221 Leatherwood
Clarion, PA 16214

$369,900
Est. Mortgage: $1,796/mo
 
Active
  • 7,416
    sq.ft.
Multi-Family Home

Investment opportunity knocks in this 8 unit apartment building. Seven two bedroom units and a one bedroom unit. Laundry room has two washers and two dryers to on site services. Roof replaced in 2016-2017 with rubber on upper part and metal on sides. All brick exterior with full access crawl space. On site parking at rear of building. Currently all student occupied. Current rents vary, but next years rents are $2,100 per student/semester for two bedroom units and $2,500 per student/semester for the one bedroom unit. Current rents total $5,344/month till May 15, 2018. With each student getting a bedroom and a total of 15 bedrooms it brings the rent to potential of $63,800. Insurance expense is $3,500/year. Taxes are $9,674. Some income from laundry runs about $100/week. Heat, water, sewage for common area and garbage for everyone runs $400/month. Tenants responsible to utilities.

Property Details
  • Clarion
    school district
  • $9,674.00
    taxes
  • 1974
    built
  • 2
    stories
  • 150319
    MLS#
Electric baseboard heat
Crawlspace
School district: Clarion
Brick exterior
Wood frame exterior
Lot acreage is: 0.4200
Lot size: 140' x 130'
Lot zoned: R-3
Public sewer
Public water
Units in building(s): 8
Total square feet: 7416
Courtesy of:
Burford & Henry Real Estate Services
Brian Burford

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Name Type GreatSchools
Rating
Distance
Clarion-Limestone El School Elementary School / Public 8 5.36 mi.
Clarion-Limestone Area Junior-Senior High School Middle School, High School / Public 8 5.29 mi.
Immaculate Conception School * Pre-School, Elementary School, Middle School / Private N/A 0.93 mi.
Clarion Area El School * Elementary School / Public 7 0.55 mi.
Clarion Center School * Elementary School, Middle School, High School / Private N/A 1.22 mi.
Clarion Area Junior-Senior High School * Middle School, High School / Public 7 1.41 mi.
Address Distance Sale date Sale price
1221 Leatherwood Drive 0.03 mi. 10/28/2016 $263,500
1221 Leatherwood Drive 0.03 mi. 10/28/2016 $263,500
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{"markerType": "Sold", "lat": "41.20072", "lng": "-79.37534", "Address": "1221 Leatherwood Drive", "City": "Clarion", "StateProv": "PA", "ZipCode": "16214"}
{"markerType": "Sold", "lat": "41.20072", "lng": "-79.37534", "Address": "1221 Leatherwood Drive", "City": "Clarion", "StateProv": "PA", "ZipCode": "16214"}
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$138,745
Average sale price

The approximate monthly principal & interest payment for this property would be $1,795.79.

This payment is based on a 30-year loan at a fixed rate of 4.500 % - APR 4.573 % with a down payment of $18,495. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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1221 Leatherwood, Clarion, PA 16214 multi-family home offered for sale at $369,900.
School ratings are supplied by GreatSchools. School attendance zone boundaries are supplied by Maponics. Both are subject to change.

* indicates a school is in close proximity to this home, but this home is not guaranteed to fall within the school's attendance zone boundaries. Check with the applicable school district prior to making a decision based on these boundaries.