726 Fairview Ave Irwin, PA 15642

Property Details for 726 Fairview Ave

Lot size

0.14 lot acres

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a five-unit multi-family property situated on a 0.14-acre lot at 726 Fairview Ave, Irwin, PA. The property comprises a triplex and a duplex, offering a diverse rental portfolio. The majority of utilities are individually metered for efficient management. A significant advantage is the presence of a shared basement equipped with laundry facilities and several secure, individual storage units for tenants. The duplex includes a one-car garage, offering an additional income stream through separate rental. Further enhancing tenant appeal is the availability of additional off-street parking for the duplex residents. The property benefits from a highly convenient location, near the on/off ramp for the Turnpike and Route 30, placing it within one mile of a bustling commercial area. This area includes prominent retailers such as Norwin Hills Shopping Center, Walmart, Target, Planet Fitness, and numerous restaurants, ensuring high tenant demand. Currently, four of the five units are leased, generating a monthly income of $3560. The fifth unit is vacant but nearly ready for occupancy. A market rent analysis suggests a potential monthly income of $5000 is achievable, representing a significant return on investment. This property presents a fantastic opportunity for a savvy investor seeking a strong cash flow and appreciation potential in a desirable location. The property is priced at $450,000.

Location Insight

City

Irwin

County

Westmoreland

State

Pennsylvania

Longitude

-79.70175

Latitude

40.32924