3 Oak Ln Eighty Four, PA 15330-2097
- Commercial land
- 0.15 lot acres
Current Use by Public Records
- Commercial land
Property Details for 3 Oak Ln
- Lot size
- 0.15 lot acres
- Property type
- Commercial land
- APN
- 580-001-01-02-0006-00
- APU
- 5800010102000600
Description
This exceptional investment opportunity presents an eight-unit apartment building situated on a 1.23-acre lot in Eighty Four, Pennsylvania. Priced at $675,000, this property boasts a strong 8.12% cap rate and a net operating income (NOI) of $54,796. The building, constructed in 1979, comprises two two-story structures, each housing four units. All eight apartments feature a nearly identical layout: two bedrooms, an eat-in kitchen, a full bathroom, and a living room. Kitchens are equipped with refrigerators and stoves. Tenants are responsible for electricity, while the landlord covers water, sewage, and garbage disposal. Ample parking is provided with 16 spaces (two per unit). The property is zoned commercial, offering potential for expansion. Additional income streams could be generated through the construction of garages, self-storage units, or even an extra apartment unit. Conveniently located between Washington, PA, and Canonsburg/McMurray, with easy access to I-70, this property offers a prime location. The seller retains ownership of oil, gas, and mineral (OGM) rights. The property is serviced by a sewage treatment plant that also serves a nearby plaza. The sale includes four parcels: 5800010102001500, 5800010102000500, 5800010102000501, and 5800010102000600. All information is believed to be accurate but is not guaranteed
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eighty Four
- County
- Washington
- State
- Pennsylvania
- Longitude
- -80.134
- Latitude
- 40.1802
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
