20 Lawn Ave Uniontown, PA 15401
- Apartment buildings
- 8,058 SF
Current Use by Public Records
- Apartment buildings
Property Details for 20 Lawn Ave
- Property size
- 8,058 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a portfolio of eight rental units in Uniontown, Pennsylvania, priced at $339,000. The portfolio comprises three duplexes and two single-family homes, one of which is easily convertible into a duplex, totaling 8,058 square feet. Currently boasting 100% occupancy, the property generates a substantial net operating income (NOI) of $40,891 annually, representing a 12% capitalization rate. The individual units are well-maintained and offer a mix of sizes and layouts, featuring a total of 15 bedrooms and 9 bathrooms. Conveniently located less than a mile from Ben Franklin Elementary and Uniontown High School, the properties enjoy proximity to downtown Uniontown and easy access to Routes 51 and 43, as well as being less than a half-hour from Morgantown. The properties are spread across five buildings: a duplex at 20 Rear Lawn Ave, a duplex at 126 Cleveland Ave, a duplex at 27 E. Kerr St, a single-family home at 25 E. Kerr St (convertible to a duplex), and a single-family home at 26 Collins Ave. The current rental income is $63,468 annually, with expenses including taxes ($7,156), insurance ($1,795), utilities ($12,066), and landscaping ($1,560). Rents are poised for an increase, offering further potential for profit growth. This turnkey investment presents a rare opportunity to acquire a well-performing multifamily portfolio with significant upside potential. The price per unit is $42,375, and the property offers a strong cash-on-cash return. The zip code is 15401, located in Fayette County.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Uniontown
- County
- Fayette
- State
- Pennsylvania
- Longitude
- -79.7284
- Latitude
- 39.8948
