1162-1168 Dohrman StMcKees Rocks, PA 15136

For Sale
$475,000

Eight-unit, turnkey investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
94
This well-maintained, eight-unit apartment building presents a compelling investment opportunity in McKees Rocks, Pennsylvania. Located at 1162-1168 Dohrman Street, this Class C property boasts eight two-bedroom townhome units, each featuring its own basement laundry hookups. Recent improvements include new PEX plumbing throughout, new sewer laterals, and updated back concrete patios. The lower roofs were also replaced in 2021. The building itself is all brick with vinyl windows, gas stoves, and gas hot water heaters. Tenants are responsible for all utilities, contributing to a strong cash flow. The property sits on a 0.238-acre lot (APN: 72-B-168) and offers a 10% capitalization rate based on a Net Operating Income (NOI) of $47,507, with an asking price of $475,000 ($59,375 per unit). Situated in a revitalizing area just five miles northeast of Downtown Pittsburgh, this property benefits from a large business district, an emerging arts and entertainment scene, and ongoing industrial riverfront development. This turnkey investment offers significant upside potential in a rapidly growing market. The property's strong cash flow and recent upgrades make it an attractive option for investors seeking a stable and appreciating asset.

Highlights

  • Eight well-maintained, two-bedroom brick townhome units.
  • 10% capitalization rate based on a $47,507 NOI.
  • Basement laundry hookups in each unit.
  • Turnkey investment opportunity with significant upside potential.

Property Details for 1162-1168 Dohrman St

Property type
Multifamily properties, Apartment buildings
Class
C
Buildings
1
Lot Size (sq. ft)
10,367 SF
Units
8

Location Insight

City
McKees Rocks
County
Allegheny
State
Pennsylvania
Latitude
40.4706059
Longitude
-80.076258
1162-1168 Dohrman St, McKees Rocks, Pennsylvania

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1162-1168 Dohrman St
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