2 Bed Apartment over Medical/Office | 606 Evans St
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2 Bed Apartment over Medical/Office 606 Evans St
2,130 SF Vacant Office Building Mckeesport, PA 15132 £139,216 (£65/SF) 9.83% Net Initial Yield
Investment Highlights
- Across the street from UPMC McKeesport Hospital
- Medical Office space first floor, apartment with long-time tenant on second floor.
Executive Summary
Buy this Investment 2 Bedroom Apartment over Medical/Office! Located in the East Suburbs of Pittsburgh, right across from UPMC Mckeesport Hospital. The first floor is configured as a doctor's office with a spacious waiting room, reception area, two examination rooms, and a private office. C-5 (Health and Services District) zoning allows lots of uses, including medical facilities, offices, retail, rehab, etc. The second floor consists of a two-bedroom apartment currently occupied by a long-term tenant. Tenants are responsible for their own utilities(utilities include Gas, Electric, water, and sewage), with a separate metering system in place. The residential unit includes a small outdoor area with a back patio. The residential tenant currently pays $900/month , while the office tenant previously paid $1,100/month plus utilities. Pro Forma rents for apartment and medical office = 2,250/month.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
£129
|
£0.06
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£129
|
£0.06
|
Financial Summary (Actual - 2024)
| Taxes | |
|---|---|
| Annual | £129 |
| Annual Per SF | £0.06 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £129 |
| Annual Per SF | £0.06 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
2,130 SF
Building Class
C
Year Built
1900
Price
£139,216
Price Per SF
£65
Net Initial Yield
9.83%
NOI
£13,685
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,065 SF
Slab to Slab
12 ft
Building FAR
0.81
Lot Size
0.06 AC
Zoning
C-5 Com - C-5 (Health and Services District) zoning allows lots of uses, including medical facilities, offices, retail, rehab, etc.
Amenities
- Bus Route
- Storage Space
- Basement
- Fully Carpeted
- Suspended Ceilings
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 0307-M-00194-0000-00 | Total Assessment | £2,784 |
| Land Assessment | £796 | Annual Taxes | £129 (£0.06/sf) |
| Improvements Assessment | £1,989 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0307-M-00194-0000-00
Land Assessment
£796
Improvements Assessment
£1,989
Total Assessment
£2,784
Annual Taxes
£129 (£0.06/sf)
Tax Year
2024
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2 Bed Apartment over Medical/Office | 606 Evans St
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