For Sale
$130,000

1515 Main StBurgettstown, PA 15021

Two-unit apartment building, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional investment opportunity: a well-maintained two-unit apartment building located at 1515 Main Street in Burgettstown, Pennsylvania, 15021. This property offers immediate cash flow with 100% occupancy. Each unit boasts one bedroom and one bathroom, featuring spacious rooms, ample storage, an open concept layout, in-unit washer and dryer hookups, and separated utilities. Tenants enjoy beautifully landscaped grounds providing outdoor space. The property includes four off-street parking spaces. The building benefits from updated mechanical systems. This duplex is conveniently located on Main Street, within walking distance of grocery stores and restaurants, and just minutes from the Pavilion at Star Lake. Currently generating an estimated $189,000 in gross annual rent (7.5% cap rate), the property's market rent potential is estimated at $320,000 annually (12-13% cap rate). Information regarding financing and property management is available upon request. Asking price: $130,000.

Highlights

  • 100% Occupancy.
  • Separated utilities; most tenants pay all utilities.
  • In-unit washer/dryer.
  • Ample off-street parking and yard space.
  • $189,000 annual gross rent (estimated 7.5% cap rate).
  • $320,000 annual gross rent potential (estimated 12-13% cap rate).

Property Details for 1515 Main St

Property type
Apartment buildings
Square Feet
1 SF
Units
2

Location Insight

City
Burgettstown
County
Washington
State
Pennsylvania
Latitude
40.3829955
Longitude
-80.3924166
1515 Main St, Burgettstown, Pennsylvania

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1515 Main St
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