1308 Main StBurgettstown, PA 15021

  • Mixed-use properties
  • 3,312 SF
For Sale
$235,000 View listing

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
1308 Main St, Burgettstown, Pennsylvania

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,607
$23,800
$115,400
$139,200
-
$23,800
$115,400
$139,200

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