For Sale
$450,000

1523 Main StBurgettstown, PA 15021

Main Street multifamily, high cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: a well-maintained duplex apartment building located at 1523 Main Street, Burgettstown, Pennsylvania, 15021. This property, situated on a 0.305-acre lot in a commercially zoned area, offers significant potential for investors. The duplex features two spacious units, each with one bedroom and one bathroom. Units boast open-concept layouts, in-unit washer/dryer hookups, and ample storage. Tenants enjoy separated utilities (most pay all utilities), ample off-street parking, and beautifully landscaped grounds providing outdoor space. Currently 100% occupied, the property generates a substantial gross annual rent of $189,000 (estimated 7.5% cap rate), with potential for increased revenue to $320,000 annually (estimated 12-13% cap rate) through market rent adjustments. The property's prime location on Main Street offers convenient access to local amenities including grocery stores, restaurants, and the Pavilion at Star Lake. This is one of nine properties currently available for sale. Financing and property management information are available upon request. This is a turnkey investment opportunity with immediate positive cash flow.

Highlights

  • 100% occupied duplex generating $189,000 annual gross rent (7.5% cap rate).
  • Separated utilities; most tenants pay all utilities.
  • In-unit washer/dryer hookups.
  • Ample off-street parking.
  • Potential to increase annual gross rent to $320,000 (12-13% cap rate) through market rent adjustments.

Property Details for 1523 Main St

Property type
Apartment buildings
Square Feet
1 SF
Lot Size (sq. ft)
13,286 SF

Location Insight

City
Burgettstown
County
Washington
State
Pennsylvania
Latitude
40.3834905
Longitude
-80.3921992
1523 Main St, Burgettstown, Pennsylvania

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1523 Main St
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