20 Lawn AveUniontown, PA 15401

Property Details for 20 Lawn Ave

Property size (Sq ft)

8,058 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a portfolio of eight rental units in Uniontown, Pennsylvania, priced at $339,000. The portfolio comprises three duplexes and two single-family homes, one of which is easily convertible into a duplex, totaling 8,058 square feet. Currently boasting 100% occupancy, the property generates a substantial net operating income (NOI) of $40,891 annually, representing a 12% capitalization rate. The individual units are well-maintained and offer a mix of sizes and layouts, featuring a total of 15 bedrooms and 9 bathrooms. Conveniently located less than a mile from Ben Franklin Elementary and Uniontown High School, the properties enjoy proximity to downtown Uniontown and easy access to Routes 51 and 43, as well as being less than a half-hour from Morgantown. The properties are spread across five buildings: a duplex at 20 Rear Lawn Ave, a duplex at 126 Cleveland Ave, a duplex at 27 E. Kerr St, a single-family home at 25 E. Kerr St (convertible to a duplex), and a single-family home at 26 Collins Ave. The current rental income is $63,468 annually, with expenses including taxes ($7,156), insurance ($1,795), utilities ($12,066), and landscaping ($1,560). Rents are poised for an increase, offering further potential for profit growth. This turnkey investment presents a rare opportunity to acquire a well-performing multifamily portfolio with significant upside potential. The price per unit is $42,375, and the property offers a strong cash-on-cash return. The zip code is 15401, located in Fayette County.

Location Insight

City

Uniontown

County

Fayette

State

Pennsylvania

Latitude

39.8948

Longitude

-79.7284

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