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1939-1941 James St 1939-1941 James St

2 Unit Apartment Building $245,000 ($122,500/Unit) 7.38% Cap Rate Monroeville, PA 15146

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Executive Summary

Welcome to this turnkey duplex, where convenience and comfort meet in a prime location. Both units have been meticulously remodeled, offering great layouts with open floor plans that invite in an abundance of natural light. The spacious living rooms provide ample space for relaxation and entertainment, seamlessly flowing into the dining areas, perfect for hosting gatherings or enjoying family meals. The updated kitchens are a chef's dream, featuring stainless steel appliances, granite countertops, and plenty of cabinets for storage. Two well-appointed bedrooms boast ample closet space, providing cozy retreats for relaxation. The modernized bathrooms add a touch of luxury, enhancing the overall appeal of each unit. Additionally, the lower levels feature updated mechanicals, laundry facilities, and garages, providing added convenience for residents. Outside, stone patios offer perfect spots for outdoor gatherings or relaxation in the fresh air. You'll find ample parking available at the front of the property, ensuring hassle-free parking for residents and guests alike. All Separate Utilities. Whether you're seeking a comfortable home or a savvy investment opportunity, these duplexes offer the perfect blend of modern amenities and timeless charm

13 - Lead Based Paint - 0718

10 - Seller Disclosure Statement (ESIG) - 522

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	$22,200	$7.40
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$22,200	$7.40
Taxes	$3,121	$1.04
Operating Expenses	$1,000	$0.33
Total Expenses	$4,121	$1.37
Net Operating Income	$18,079	$6.03

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	$22,200
Annual Per SF	$7.40

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$22,200
Annual Per SF	$7.40

Taxes
Annual	$3,121
Annual Per SF	$1.04

Operating Expenses
Annual	$1,000
Annual Per SF	$0.33

Total Expenses
Annual	$4,121
Annual Per SF	$1.37

Net Operating Income
Annual	$18,079
Annual Per SF	$6.03

Property Facts

Price	$245,000	Apartment Style	Garden
Price Per Unit	$122,500	Lot Size	0.18 AC
Sale Type	Investment	Building Size	3,000 SF
Cap Rate	7.38%	Average Occupancy	100%
No. Units	2	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1956/2022
Property Subtype	Apartment	Parking Ratio	2.67/1,000 SF

Price	$245,000
Price Per Unit	$122,500
Sale Type	Investment
Cap Rate	7.38%
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Lot Size	0.18 AC
Building Size	3,000 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1956/2022
Parking Ratio	2.67/1,000 SF