917 Dohrman St Mc Kees Rocks, PA 15136-2201

Property Details for 917 Dohrman St

Lot size

0.03 lot acres

Property type

Retail residential properties

APN

73-R-56

APU

73R56

Description

This exceptional investment opportunity presents a meticulously maintained, two-story mixed-use building in McKees Rocks, Pennsylvania. The property, built in 1962 and renovated in 2019, boasts 2,500 square feet situated on a 0.02-acre lot. It features two units: a ground-floor hair salon and a second-floor one-bedroom apartment, each with a separate entrance. Both units are currently 100% occupied under a net-net lease agreement with a remaining term of 2.6 years (commencing January 1, 2023, and expiring June 30, 2027). The building offers two parking spaces per unit. The property generates a strong net operating income (NOI) of $15,000, resulting in a compelling 7.94% capitalization rate. Tenants are responsible for all electric costs (heat, AC, and lights), while the owner covers water and sewer expenses. The Allegheny County property is zoned commercial and offers a significant return on investment. The asking price is $189,000, or $94,500 per unit, and the price per square foot is $75.60. This is a rare opportunity to acquire a stabilized, cash-flowing asset with long-term tenants in a desirable location.