Deacon & Hoover Real Estate Advisors LLC
Matthew Dingus, Deacon & Hoover Real Estate Advisors LLCPhone: (412) 613-0018
Email: matt@mattdinguspgh.com
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listing
1 of 50
Residential IncomeFor Sale
$2,400,000
5304-5310 Butler Street
Lawrenceville, PA 15201
Courtesy of Duck Hollow Realty LLC
MLS: West Penn MLS
Est. Mortgage
$12,488/mo

10 unit mixed-used building located on Butler Street in Lawrenceville paired with 4 vacant lots in the rear along Dresden Way. The building consists of 8 residential units located on second / third floors plus 2 store fronts along Butler Street below the apartments. Each residential unit is approx. 750 sq ft with one bed / one bath. The storefronts consist of a bakery at 5304 Butler and coffee shop at 5306-5310. The coffee shop currently subleases to a separate business at 5310 Butler. Prospective owners could make upgrades and lease these three spaces separately to increase to 3 commercial units and 11 total. Tenants cover all gas and electricity expenses. Landlord covers water/sewage bills. Laundry facilities are on site for tenants. Landlord incurs no expense for trash/landscaping/snow and ice removal. 4 vacant lots along Dresden Way provide an excellent opportunity to be developed or subdivided and sold or to be used as parking. Current rents are well below market rates.

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