4900 Walnut St
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4900 Walnut St
5 Unit Apartment Building $329,750 ($65,950/Unit) 8.81% Cap Rate Mckeesport, PA 15132
Executive Summary
Calling All Investors to the Versailles Boro /Little Boston Corridor of Pittsburgh! Fully Rented & Turn Key 5 Unit Multifamily is filled with opportunity. These apartments are well maintained, making it a prime property to be added to an existing portfolio or provide a great foundation for a new investor. Each apartment is a 1 Bedroom 1 Bath apartment with Large Rooms, featuring equipped eat in kitchens, open floor plan concepts, and large bedrooms. One apartment has direct ground level access with patio. This property provides on site coin-op laundry, additional storage, and off street parking in the rear. Take in the outdoors on the community covered front porch or rear yard. Located on Route 48 (Walnut St) provides a great central location that is Walkable & Convenient to shopping, dining, parks, public transportation & great highway access to routes 48, 148, & 51 makes this an ideal location for all commuters. Outdoor enthusiasts will love the location to the Yough River Trail.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$38,700
|
$8.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$38,700
|
$8.98
|
| Taxes |
$2,614
|
$0.61
|
| Operating Expenses |
$7,019
|
$1.63
|
| Total Expenses |
$9,633
|
$2.24
|
| Net Operating Income |
$29,067
|
$6.75
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $38,700 |
| Annual Per SF | $8.98 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $38,700 |
| Annual Per SF | $8.98 |
| Taxes | |
|---|---|
| Annual | $2,614 |
| Annual Per SF | $0.61 |
| Operating Expenses | |
|---|---|
| Annual | $7,019 |
| Annual Per SF | $1.63 |
| Total Expenses | |
|---|---|
| Annual | $9,633 |
| Annual Per SF | $2.24 |
| Net Operating Income | |
|---|---|
| Annual | $29,067 |
| Annual Per SF | $6.75 |
Property Facts
| Price | $329,750 | Building Class | C |
| Price Per Unit | $65,950 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 4,308 SF |
| Cap Rate | 8.81% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 1.39/1,000 SF |
| Apartment Style | Low Rise |
| Price | $329,750 |
| Price Per Unit | $65,950 |
| Sale Type | Investment |
| Cap Rate | 8.81% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,308 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1925 |
| Parking Ratio | 1.39/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 0653-A-00235-0000-00 | Total Assessment | $77,600 (2024) |
| Land Assessment | $42,200 (2024) | Annual Taxes | $2,614 ($0.61/SF) |
| Improvements Assessment | $35,400 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0653-A-00235-0000-00
Land Assessment
$42,200 (2024)
Improvements Assessment
$35,400 (2024)
Total Assessment
$77,600 (2024)
Annual Taxes
$2,614 ($0.61/SF)
Tax Year
2023
-
Patrick Conley -
Berkshire Hathaway
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