For Sale
$320,000

12-14 John AveBurgettstown, PA 15021

Four-unit apartment building, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a four-unit apartment building situated at 12-14 John Ave, Burgettstown, PA 15021. The property consists of two buildings, offering a total of four units, each featuring one bedroom and one bathroom. All units boast spacious room sizes, in-unit washer/dryer hookups, and ample storage. Tenants enjoy separated utilities, with most responsible for their own payments. The property includes four off-street parking spaces and beautifully landscaped grounds providing tenants with outdoor space. Currently generating an estimated $189,000 in gross annual rent (approximately 7.5% cap rate), the property's market rent potential is significantly higher, estimated at $320,000 annually (12-13% cap rate). This prime location on a main street offers convenient access to grocery stores, restaurants, and the Pavillion at Star Lake. The property is currently 100% occupied, ensuring immediate positive cash flow for the new owner. Information regarding financing and property management is available upon request. This is one of nine properties currently available for sale.

Highlights

  • $320,000 asking price for a four-unit multifamily property.
  • Located at 12-14 John Ave, Burgettstown, PA 15021.
  • Two buildings with four parking spaces.
  • 100% occupied, generating $189,000 in annual gross rent (estimated 7.5% cap rate).
  • Potential for $320,000 annual gross rent ($12-13% cap rate) with market rents.
  • Features include in-unit washer/dryer, separated utilities (most tenants pay all utilities), and ample off-street parking.

Property Details for 12-14 John Ave

Property type
Apartment buildings
Square Feet
1 SF
Buildings
2
Units
4

Location Insight

City
Burgettstown
County
Washington
State
Pennsylvania
Latitude
40.420585
Longitude
-80.4326521
12-14 John Ave, Burgettstown, Pennsylvania

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12-14 John Ave
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