984 Jefferson AveWashington, PA 15301

This exceptional investment opportunity presents a 28-unit apartment building situated at 984 Jefferson Avenue in Washington, Pennsylvania, 15301. The property boasts a substantial 33,615 square feet and is comprised of a single building constructed in 1940. Currently operating at 86% occupancy, this multifamily property offers a compelling 8.00% cap rate with a pro-forma cap rate projected at 10.00%. The asking price is $1,350,000. The building features a mixed-use configuration, including 24 residential units and four retail tenants. Strategically located at the signalized intersection of Jefferson Avenue and Wylie Avenue, this property benefits from high visibility and significant foot traffic in a busy commercial area. The permitted zoning is COMMERCIAL, presenting further potential for development or expansion. The current owner's financial projections indicate a strong potential for increased net operating income (NOI) through leasing the vacant units and implementing unit upgrades to achieve market-rate rents. This presents a unique opportunity for value-add investment in a prime Washington, PA location. The property's strong fundamentals and location make it an attractive investment for those seeking a stable, high-yield asset with significant upside potential.