Current Use by Public Records
- Apartment buildings
Property Details for 1162-1168 Dohrman St
- Lot size
- 0.24 lot acres
- Property type
- Apartment buildings
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- McKees Rocks
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -80.0763
- Latitude
- 40.4706
