1526 2nd Ave
Property Description
Discover a strong investment opportunity in Beaver Falls with this well-maintained 4 unit multifamily property. Each unit features a 2-bedroom, 1-bath layout, making them highly attractive to a broad tenant base. The property is separately metered for water, gas, and electric, helping minimize owner expenses, simplifying property management (Each tenant pays their own utilities), and ultimately increasing Net Operating Income. The building offers on-site laundry for additional tenant convenience, while the two upper-level units feature private outdoor porch space- increasing tenant appeal. Three of the four units are currently leased, generating approximately $27,000 in annual gross rental income. The vacant main-level unit has been updated and is rent-ready, providing the opportunity for an investor to quickly rent the unit after acquisition; or perfect for an Owner Occupant - Live in one unit while renting the others. With immediate upside through lease-up and future rental optimization, this property presents an attractive opportunity for both new and seasoned investors. The pro forma demonstrates a clear path to an estimated 9-10% capitalization rate and a projected 15%+ cash-on-cash return in Year 1 with hypothetical financing. (See Offering Memorandum for assumptions and details.)
Broker Details
eXp Realty, LLC (412) 925-5551
MLS ID: 226985 State License Number: RS345190
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $239,900 |
| No. of Units: | 4 |
| Year Built: | 1910 |
| Opportunity Zone: | No |
| Price per unit: | $59,975 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-WPMLPA-1766531
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