1525 Main StBurgettstown, PA 15021

Property Details for 1525 Main St

Lot size

0.13 AC

Property type

Land

Property subtype

Commercial land

APN

070-008-00-01-0003-00

APU

700080001000300

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,223,142

  Hospitality

  $1,120,392

  Educational

  $932,153

  Medical

  $964,211

  Retail

  $1,450,015

Location Insight

City

Burgettstown

County

Washington

State

Pennsylvania

Latitude

40.3835

Longitude

-80.3919

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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