3 Oak LnEighty Four, PA 15330

  • Land
  • 0.15 AC
For Sale
$675,000 View listing

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
3 Oak Ln, Eighty Four, Pennsylvania

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

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
$63
$3,600
-
$3,600
-
$3,600
-
$3,600

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