For Sale
$122,000

1525 Main StBurgettstown, PA 15021

Two-unit apartment building, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity in Burgettstown, Pennsylvania, presents a two-unit apartment building located at 1525 Main Street, zip code 15021. This well-maintained duplex offers spacious one-bedroom, one-bathroom units, each featuring an open concept layout, in-unit washer and dryer, and ample storage. Tenants enjoy separated utilities, with most covering all utility costs. The property boasts two off-street parking spaces and beautifully landscaped grounds providing outdoor space. Situated on Main Street, it's 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, representing a 7.5% cap rate, this property offers significant upside potential. Market rents suggest a potential gross annual rent of $320,000, indicating a potential 12-13% cap rate. The property is 100% occupied, ensuring immediate positive cash flow. Information regarding financing and property management is available upon request. This is one of nine properties currently available for sale. The asking price for this property is $122,000.

Highlights

  • 100% occupied, two-unit apartment building in Burgettstown, PA.
  • Each unit features one bedroom, one bath, in-unit laundry, and ample storage.
  • Separate utilities, with most tenants paying all utilities.
  • Two off-street parking spaces and landscaped grounds.
  • Currently generating $189,000 annual gross rent (7.5% cap rate), with potential for $320,000 (12-13% cap rate).
  • Financing and property management information available upon request.

Property Details for 1525 Main St

Property type
Apartment buildings
Square Feet
1 SF
Units
2

Location Insight

City
Burgettstown
County
Washington
State
Pennsylvania
Latitude
40.3834905
Longitude
-80.3919085
1525 Main St, Burgettstown, Pennsylvania

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1525 Main St
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