For Sale
$675,000

3 Oak Ln Eighty Four, PA 15330

8-Unit Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents an eight-unit apartment building situated on a 1.23-acre lot in Eighty Four, Pennsylvania. Priced at $675,000, this property boasts a strong 8.12% cap rate and a net operating income (NOI) of $54,796. The building, constructed in 1979, comprises two two-story structures, each housing four units. All eight apartments feature a nearly identical layout: two bedrooms, an eat-in kitchen, a full bathroom, and a living room. Kitchens are equipped with refrigerators and stoves. Tenants are responsible for electricity, while the landlord covers water, sewage, and garbage disposal. Ample parking is provided with 16 spaces (two per unit). The property is zoned commercial, offering potential for expansion. Additional income streams could be generated through the construction of garages, self-storage units, or even an extra apartment unit. Conveniently located between Washington, PA, and Canonsburg/McMurray, with easy access to I-70, this property offers a prime location. The seller retains ownership of oil, gas, and mineral (OGM) rights. The property is serviced by a sewage treatment plant that also serves a nearby plaza. The sale includes four parcels: 5800010102001500, 5800010102000500, 5800010102000501, and 5800010102000600. All information is believed to be accurate but is not guaranteed

Highlights

  • Eight-unit apartment building on a 1.23-acre lot in Eighty Four, PA.
  • $675,000 asking price with an 8.12% cap rate and $54,796 NOI.
  • Built in 1979, the property consists of two two-story buildings, each with four identical two-bedroom units.
  • Amenities include refrigerators and stoves in each unit; landlord pays water, sewer, and trash; tenants pay electricity; 16 parking spaces.
  • Commercially zoned with potential for expansion (garages, storage, additional units).
  • Convenient location between Washington, PA and Canonsburg/McMurray, with easy I-70 access.

Property Details for 3 Oak Ln

Property type
Apartment buildings
Year Built
1979
Buildings
2
Stories
2
Lot Size (sq. ft)
53,579 SF
Units
8

Location Insight

City
Eighty Four
County
Washington
State
Pennsylvania
Latitude
40.1802842
Longitude
-80.1338082

FAQs

What type of property is this?
Apartment building - 8-Unit Multifamily Investment
Where is the apartment building located?
The property is located at 3 Oak Ln Eighty Four, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Eight-unit apartment building on a 1.23-acre lot in Eighty Four, PA.; $675,000 asking price with an 8.12% cap rate and $54,796 NOI.; Built in 1979, the property consists of two two-story buildings, each with four identical two-bedroom units.
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3 Oak Ln
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