For Sale
$517,500

1120-1126 Dohrman St McKees Rocks, PA 15136

Seven-unit apartment building, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a seven-unit apartment building located at 1120-1126 Dohrman Street in McKees Rocks, Pennsylvania, 15136. The property boasts a total of 9,800 square feet situated on a 9,984 square foot lot. Built in 1950, this single-building complex consists of seven two-bedroom, one-bathroom townhouses arranged side-by-side. Currently operating at 100% occupancy, this asset offers a compelling 7.60% capitalization rate, with a pro-forma cap rate projected at 9.00%. All utilities, including trash removal, are paid by tenants, minimizing landlord expenses and maximizing return on investment. The property is zoned for multi-family use, ensuring its continued viability as a rental property. This is a consistently high-performing asset, providing a stable and attractive income stream for the discerning investor. The asking price for this turnkey investment is $517,500. This represents a rare opportunity to acquire a well-maintained, high-occupancy multifamily property in a desirable location. Don't miss out on this chance to add a strong performer to your portfolio.

Property Details for 1120-1126 Dohrman St

Property type
Apartment buildings
Square Feet
9,800 SF
Year Built
1950
Buildings
1
Units
7

Location Insight

City
McKees Rocks
County
Allegheny
State
Pennsylvania
Latitude
40.471952277656
Longitude
-80.075177544823

FAQs

What type of property is this?
Apartment building - Seven-unit apartment building, high occupancy.
Where is the apartment building located?
The property is located at 1120-1126 Dohrman St McKees Rocks, PA.
What is the asking price?
The asking price for this property is $517,500.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1120-1126 Dohrman St
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