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3 Oak Lane 3 Oak Ln

8 Unit Block of Flats £528,154 (£66,019/Unit) Eighty Four, PA 15330

Executive Summary

Great investment opportunity! 8 fully occupied apartments, 4 units per building. All 8 apartments carry a nearly identical floor plan - 2 bedrooms, eat in kitchen, full bath & living room. Kitchens equipped with refrigerator & stove. Tenants pay electric. Landlord pays water, sewage & garbage. 2 parking spaces for each unit. Space available to build garage, self storage, additional unit, etc to increase income. Centrally located between Washington, PA & Canonsburg/McMurray. Quick access to I-70
Agent Remarks
24 hour notice to show. Seller is reserving the OGM rights. Buyer responsible for all due diligence. All information deemed reliable but not guaranteed. The sewage treatment plant services the apartments & the plaza behind. Please be sure to include all 4 parcels on the sales agreement - 5800010102001500, 5800010102000500, 5800010102000501, 5800010102000600.

Attachments

OGMD
Oak Lane Information Sheet
Oak Lane Apartment Financial Details

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £60,562 £9.46
Other Income - -
Vacancy Loss - -
Effective Gross Income £60,562 £9.46
Taxes £3,286 £0.51
Operating Expenses £7,046 £1.10
Total Expenses £10,331 £1.61
Net Operating Income £50,230 £7.85

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £60,562
Annual Per SF £9.46
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £60,562
Annual Per SF £9.46
Taxes
Annual £3,286
Annual Per SF £0.51
Operating Expenses
Annual £7,046
Annual Per SF £1.10
Total Expenses
Annual £10,331
Annual Per SF £1.61
Net Operating Income
Annual £50,230
Annual Per SF £7.85

Property Facts

Price £528,154 Building Class C
Price Per Unit £66,019 Building Size 6,400 SF
Sale Type Investment Average Occupancy 100%
No. Units 8 Number of Floors 2
Property Type Residential Year Built 1979
Property Subtype Apartment Parking Ratio 2.5/1,000 SF
Apartment Style Low Rise
Price £528,154
Price Per Unit £66,019
Sale Type Investment
No. Units 8
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Building Size 6,400 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1979
Parking Ratio 2.5/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Tub/Shower
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 5800010102000600
  • 5800010102000500
  • 5800010102001500
  • 5800010102000501
 Total Assessment £188,805 (2024)
Land Assessment £19,170 (2024) Annual Taxes £3,286 (£0.51/sf)
Improvements Assessment £169,635 (2024) Tax Year 2023

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5800010102000600
  • 5800010102000500
  • 5800010102001500
  • 5800010102000501
Land Assessment
£19,170 (2024)
Improvements Assessment
£169,635 (2024)
Total Assessment
£188,805 (2024)
Annual Taxes
£3,286 (£0.51/sf)
Tax Year
2023

zoning

Zoning Code Commercial
Commercial
(724) 941-8811

Contact

  • Listing ID: 31353873

  • Date on Market: 28/03/2024

  • Last Updated:

  • Address: 3 Oak Ln, Eighty Four, PA 15330

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© 2024 CoStar Group

3 Oak Lane | 3 Oak Ln
(724) 941-8811 x

3 Oak Lane | 3 Oak Ln

Doug Burig

(724) 941-8811

(724) 941-8811

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