Craig School apartments and Storage | 54 W Craig St
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Craig School apartments and Storage 54 W Craig St
17 Unit Apartment Building $1,200,000 ($70,588/Unit) 8.50% Cap Rate Uniontown, PA 15401
Investment Highlights
- No restrictions on short term vacation rentals - VRBO AIR BNB this buildings units!!! See all the pics on the attractions that draw people to this bea
Executive Summary
ACCEPTING BACKUP OFFERS AT THIS TIME
No restrictions on short term vacation rentals - VRBO AIR BNB this buildings units!!! See all the pics on the attractions that draw people to this beautiful area, not to mention near by WVU West Virginia University!!
VALUE ADD - HUGE CAP RATE UPSIDE POTENTIAL FOR RIGHT BUYER
Rare Cash Cow, Here is your chance to own a beautiful 17 unit red brick building, solid concrete and steel construction, many updated units. This building has not begun to maximize its full potential. The building is currently fully occupied. There is an unused office, two 6 closet storage rooms that are not being rented, a mix of 9 different garage spaces and workshop areas that can be rented as storage space. Two laundry facilities, a covered parking structure. There is so much unused space in this building to grow. There are two unfinished & unused storage areas that could be turned into vending areas or more paid storage. There is also a giant unfinished space in the basement that could be multiple units, a gym, library or whatever you can think of. This property is professionally managed and owner lives out of state.
This updated landmark building is uniquely situated amongst single family homes giving it a real neighborhood feel. This beautiful building features two laundry facilities, off street covered parking, security TV monitors, central A/C, is walking distance to Benjamin Franklin Elementary-Middle School and Uniontown Country & Club Golf Course. It is just a 20 minute drive to West Virginia University and less than an hour from Pittsburgh. New Owner and under new Management. Private garages and storage are also available. Please call the office to inquire about Craig School apartments in Uniontown PA. NO OWNER FINANCING
INTERESTED PARTIES MAY TEXT THE OWNER DIRECTLY 702-443-4455
No restrictions on short term vacation rentals - VRBO AIR BNB this buildings units!!! See all the pics on the attractions that draw people to this beautiful area, not to mention near by WVU West Virginia University!!
VALUE ADD - HUGE CAP RATE UPSIDE POTENTIAL FOR RIGHT BUYER
Rare Cash Cow, Here is your chance to own a beautiful 17 unit red brick building, solid concrete and steel construction, many updated units. This building has not begun to maximize its full potential. The building is currently fully occupied. There is an unused office, two 6 closet storage rooms that are not being rented, a mix of 9 different garage spaces and workshop areas that can be rented as storage space. Two laundry facilities, a covered parking structure. There is so much unused space in this building to grow. There are two unfinished & unused storage areas that could be turned into vending areas or more paid storage. There is also a giant unfinished space in the basement that could be multiple units, a gym, library or whatever you can think of. This property is professionally managed and owner lives out of state.
This updated landmark building is uniquely situated amongst single family homes giving it a real neighborhood feel. This beautiful building features two laundry facilities, off street covered parking, security TV monitors, central A/C, is walking distance to Benjamin Franklin Elementary-Middle School and Uniontown Country & Club Golf Course. It is just a 20 minute drive to West Virginia University and less than an hour from Pittsburgh. New Owner and under new Management. Private garages and storage are also available. Please call the office to inquire about Craig School apartments in Uniontown PA. NO OWNER FINANCING
INTERESTED PARTIES MAY TEXT THE OWNER DIRECTLY 702-443-4455
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $1,200,000 | Building Class | C |
| Price Per Unit | $70,588 | Lot Size | 0.89 AC |
| Sale Type | Investment | Building Size | 16,000 SF |
| Cap Rate | 8.50% | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 0.63/1,000 SF |
| Apartment Style | Mid Rise |
| Price | $1,200,000 |
| Price Per Unit | $70,588 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 16,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 0.63/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $675.00 | 600 |
| 2+1 | 13 | $850.00 | 900 |
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Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 38-11-0341 | Improvements Assessment | $197,764 (2024) |
| Land Assessment | $12,625 (2024) | Total Assessment | $210,389 (2024) |
PROPERTY TAXES
Parcel Number
38-11-0341
Land Assessment
$12,625 (2024)
Improvements Assessment
$197,764 (2024)
Total Assessment
$210,389 (2024)
zoning
| Zoning Code | C-1 |
| C-1 |
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Craig School apartments and Storage | 54 W Craig St
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