277 N Gallatin Ave - Apartments FOR SALE


Uniontown, PA 15401
$849,000 USD
724-933-6300
277 N Gallatin Ave, Uniontown, PA for Sale
$849,000 USD
Apartments - FOR SALE
1/64
null | 12.66% Cap Rate

277 N Gallatin Ave
Uniontown, PA 15401


HIGHLIGHTS

  • 23 Residential Rental Units, Bar, Event Center, Multiple Income Stream, Opportunity to Increase Revenues, Significant Value-Added Potential

OVERVIEW

This unique mixed-use investment opportunity includes 23 residential rental units, a fully equipped former bar facility, versatile event center suitable for private parties, community events, and entertainment. The property offers diversified income potential. 17 Unit, 1 Duplex, 1 Tri-plex, 1 Bungalow Multifamily property with fully operating bar valued together for a package of $849,017 Units:12-1 Room Units share 3 Baths, Kitchen (8@410,1@460,2@500, 1@510), 2 Unit-1 Bed, Kitchen (1@510,1@550), 1 Unit -1 Bed, Kitchen, Partial Bath(1@550) 2 Units-Bedroom, Living Room, Kitchen, Bath (1@450, 1@460)/ Tri-plex: Main-2 Bed, Bath, Kitchen (800)2nd Flr-2 Bed, Bath Kitchen (750) Basement-1 Bed, Bath, Kitchen (600) Duplex: Main-2Bed, Bath, Kitchen (750) 2nd Flr-3Bed, Bath, Kitchen (900) Bungalow: 1 Bed, Bath, Kitchen (800) Bar: Hotel Bar - Available Liquor License/15 Bar Stools, 4 Booths,4 Booths, Gaming Room, Kitchen, Multi-Purpose Room Event Center, Parking Lot (Bar and Multipurpose Event Center are currently not opened) The NOI is estimated if bar and Multi-Purpose Room-event center is Rented and accounts for the taxes, insurance, and utilities. Current stabilized residential cap rate 8.42%, Potential Cap Rate with bar/event Income 11.5%-12.7% depending on added expenses.

FOR SALE DETAILS

PRICE

$849,000 USD

PRICE/SF

$41 USD /SF

# OF UNITS

23

PRICE/UNIT

$36,913

CAP RATE

12.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bar, Event Center with 23 Units - Sails Inn

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

-

APN/PARCEL ID

38-01-0146

ASK ABOUT THIS PROPERTY

Dawn MastrogiacomoRE/MAX SelectMore Info
724-933-6300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Dawn MastrogiacomoRE/MAX SelectMore Info
724-933-6300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.