20 Lawn AveUniontown, PA 15401

Property Details for 20 Lawn Ave

Property size (Sq ft)

8,058 SF

Property type

Residential income properties

Property subtype

Multifamily properties

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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