1308 Main StBurgettstown, PA 15021
- Mixed-use properties
- 3,312 SF
Property Details for 1308 Main St
- Lot size
- 0.13 AC
- Property size (Sq ft)
- 3,312 SF
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 070-022-00-02-0006-00
- APU
- 700220002000600
Description
This exceptional 5-unit apartment building, located at 1308 Main Street in Burgettstown, Pennsylvania, presents a compelling investment opportunity. Boasting a total of 3,312 square feet, this property offers a strong 10% capitalization rate and a healthy net operating income (NOI) of $23,500, with 100% occupancy. The building comprises two 2-bedroom units, one 1-bedroom unit, one efficiency unit, and a first-floor hair salon. Each unit includes two parking spaces, totaling 10 spaces for the entire property. Constructed in 1930, the building sits on a 5,362 square foot lot and is zoned residential (R-2). A significant recent improvement is a new metal roof installed in 2024. The asking price is $235,000, translating to an attractive $47,000 per unit. Please note that any non-conforming use requires approval from the zoning hearing board. The property's APN is 070-022-00-02-0006-00. This is a package deal and must be purchased with a separate 6,000 square foot shop/warehouse.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $629,867
- 6.5%
- $581,415
- 7%
- $539,886
-
Comparable approach
- Method
- Valuation
- Relative Method
- $309,804
- Geo Method
- $309,804
-
Alternative Use
- Use
- Valuation
- Residential
- $720,955
- Hospitality
- $660,391
- Educational
- $549,438
- Medical
- $568,334
- Retail
- $854,681
Location Insight
- City
- Burgettstown
- County
- Washington
- State
- Pennsylvania
- Latitude
- 40.3755
- Longitude
- -80.3914
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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