Special offer

4 Unit apartment building in Castle Shannon PA (Pittsburgh)

By
Real Estate Agent with Your Town Realty

Castle Shannon is a desirable area in the Pittsburgh PA region.  Here is a solid brick 4 unit for sale

Castle Shannon 4 unit apartment building for sale.
Needs some work, about 7k in work on the outside.
$600 in rents x 4 = $2400
Owner Pays Heat/gas, water and sewer. Heat about $150 month yearly average. $80 month water, and $80 sewer
Insurance $1700/12 = $141.657 ...
Taxes $5215/12 = $434.59
Garage bring in $250 month. X 12 = $3,000
T pay electric.
2 furnaces 80% efficiency.
$600x4= $2400 a month x 12 months = $28,000
+ $3000 garage
= $31,000
10% Vacancy on rents -$2,400
Expenses - $9,076.75
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$19,523.25 NOI
Selling for $175,000. Cap rate of 11.15%

Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Steve Warrene  What a wonderful investment  .Especially if I am reading this right with owner financing for the right buyer .

Aug 11, 2017 03:55 PM
Steve Warrene
Your Town Realty - Lower Burrell, PA
Pittsburgh Realtor North and East Pgh.

Hannah, Yes you are reading it right.  It's in a highly desirable darea of Pittburgh.

Aug 13, 2017 11:23 AM