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%
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