1120-1126 Dohrman StMcKees Rocks, PA 15136

For Sale
$517,500

Seven-unit apartment building, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a seven-unit apartment building located at 1120-1126 Dohrman Street in McKees Rocks, Pennsylvania, 15136. The property boasts a total of 9,800 square feet situated on a 9,984 square foot lot. Built in 1950, this single-building complex consists of seven two-bedroom, one-bathroom townhouses arranged side-by-side. Currently operating at 100% occupancy, this asset offers a compelling 7.60% capitalization rate, with a pro-forma cap rate projected at 9.00%. All utilities, including trash removal, are paid by tenants, minimizing landlord expenses and maximizing return on investment. The property is zoned for multi-family use, ensuring its continued viability as a rental property. This is a consistently high-performing asset, providing a stable and attractive income stream for the discerning investor. The asking price for this turnkey investment is $517,500. This represents a rare opportunity to acquire a well-maintained, high-occupancy multifamily property in a desirable location. Don't miss out on this chance to add a strong performer to your portfolio.

Property Details for 1120-1126 Dohrman St

Property type
Multifamily properties, Apartment buildings
Square Feet
9,800 SF
Year Built
1950
Buildings
1
Units
7

Location Insight

City
McKees Rocks
County
Allegheny
State
Pennsylvania
Latitude
40.471952277656
Longitude
-80.075177544823
1120-1126 Dohrman St, McKees Rocks, Pennsylvania

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1120-1126 Dohrman St
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