606 Evans AveMcKeesport, PA 15132

This exceptional mixed-use property at 606 Evans Ave, McKeesport, PA 15132, presents a compelling investment opportunity. The building, totaling 2,130 square feet, features a ground-floor medical office space and a second-floor two-bedroom apartment. Currently, the property boasts a 50% occupancy rate, generating a net operating income (NOI) of $17,203. However, a pro-forma NOI of $20,703 is projected based on increased rental income. The asking price is $175,000, translating to $82.16 per square foot and $87,500 per unit. The medical office space includes a waiting room, reception area, two exam rooms, and a private office. The second-floor apartment, currently rented for $900 per month, features a small back patio. The property sits on a 2,668 square foot lot and benefits from C-5 zoning, allowing for a variety of uses including medical facilities, offices, retail, and rehabilitation centers. Its prime location across from UPMC McKeesport Hospital and minutes from the Pennsylvania Turnpike ensures high visibility and accessibility. Separate utility metering is in place for both units. The property offers a current cap rate of 9.83% and a pro-forma cap rate of 11.83%, indicating significant potential for return on investment. This is a rare opportunity to acquire a well-located, mixed-use property with strong upside potential in a growing market.