3 Oak LnEighty Four, PA 15330
- Land
- 0.15 AC
Property Details for 3 Oak Ln
- Lot size
- 0.15 AC
- Property type
- Land
- Property subtype
- Commercial land
- APN
- 580-001-01-02-0006-00
- APU
- 5800010102000600
Description
This exceptional investment opportunity presents an eight-unit apartment building situated on a 1.23-acre lot in Eighty Four, Pennsylvania. Priced at $675,000, this property boasts a strong 8.12% cap rate and a net operating income (NOI) of $54,796. The building, constructed in 1979, comprises two two-story structures, each housing four units. All eight apartments feature a nearly identical layout: two bedrooms, an eat-in kitchen, a full bathroom, and a living room. Kitchens are equipped with refrigerators and stoves. Tenants are responsible for electricity, while the landlord covers water, sewage, and garbage disposal. Ample parking is provided with 16 spaces (two per unit). The property is zoned commercial, offering potential for expansion. Additional income streams could be generated through the construction of garages, self-storage units, or even an extra apartment unit. Conveniently located between Washington, PA, and Canonsburg/McMurray, with easy access to I-70, this property offers a prime location. The seller retains ownership of oil, gas, and mineral (OGM) rights. The property is serviced by a sewage treatment plant that also serves a nearby plaza. The sale includes four parcels: 5800010102001500, 5800010102000500, 5800010102000501, and 5800010102000600. All information is believed to be accurate but is not guaranteed
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $1,422,319
- Hospitality
- $1,302,836
- Educational
- $1,083,945
- Medical
- $1,121,223
- Retail
- $1,686,136
Location Insight
- City
- Eighty Four
- County
- Washington
- State
- Pennsylvania
- Latitude
- 40.1802
- Longitude
- -80.134
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].