3 Oak LnEighty Four, PA 15330

Property Details for 3 Oak Ln

Lot size

0.15 AC

Property type

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

• 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

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