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224-226 N Main St
Butler, PA 16001
Daubenspeck Apartments · Multifamily Property For Sale · 14 Units
Investment Highlights
- 26.6% Cash on cash at list price
- Highly visible building on Main St in Butler
- 3 commercial and 11 apartments
PROPERTY FACTS
| No. Units | 14 | Lot Size | 0.22 AC |
| Property Type | Multifamily | Building Size | 22,000 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built | 1909 |
| Building Class | C |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 22,000 SF |
| No. Stories | 3 |
| Year Built | 1909 |
About 224-226 N Main St , Butler, PA 16001
SVN Three Rivers Commercial Advisors is pleased to present the opportunity to purchase this 14 unit mixed use building. There are 3 commercial tenants on new 3+ year leases and 11 apartments in the building. The commercial tenants pay their own electric and pay a portion of the heating, water and sewage, and trash. The owner pays all of the apartment tenants utilities. The electric is split so the new owner could add value by having tenants pay their own electric. Most of the apartment tenants are subsidized with guaranteed leases.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 6 | - | - |
| 3+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 565-9-105-0000 | Improvements Assessment | $31,680 |
| Land Assessment | $11,520 | Total Assessment | $43,200 |
PROPERTY TAXES
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