For Sale
$50,000

727 OldSmock, PA 15480

Fully rented, 2-unit apartment building, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This fully rented, two-unit apartment building in Smock, Pennsylvania presents a compelling investment opportunity. Located at 727 Old Route, this property boasts a substantial 15.40% capitalization rate, making it an attractive prospect for income-seeking investors. The building, constructed in 1920, comprises 3,200 square feet and sits on a 0.275-acre lot. It features two units, each with three bedrooms and one bathroom, offering separate utilities and private entrances for simplified management. The upper unit includes significant additional space on the third floor. While some repairs are needed, this presents a potential for value-add improvements. The property's zoning is residential (RES), and its convenient location near major roadways and local amenities ensures strong rental demand. The property's address is 727 Old Route, Waltersburg, PA 15480, and its APN is 22020048. This well-maintained property is ideal for investors seeking steady income or those looking to occupy one unit while renting the other. This is a solid option for generating consistent rental revenue. The property's two-story structure offers a manageable size and straightforward operation. The potential for upgrades further enhances its long-term investment value.

Property Details for 727 Old

Property type
Apartment buildings
Square Feet
3,200 SF
Year Built
1920
Buildings
1
Stories
2
Lot Size (sq. ft)
11,979 SF
Units
2

Location Insight

City
Smock
County
Fayette
State
Pennsylvania
Latitude
39.9844988
Longitude
-79.7792366
727 Old, Smock, Pennsylvania

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727 Old
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