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924 Island Avenue, McKees Rocks, PA 15136 For Sale

RE/MAX CSI South
Listed by RE/MAX CSI South
$235,000
92 days on market
Updated 92 days ago
Opportunity zone

924 Island Avenue

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,888
NOI $33,000
Zoning mul

924 Island McKees Rocks

Investment highlights

Great investment opportunity featuring a front four-unit building and a rear house with strong rental potential. The front building includes a first-floor one-bedroom, one-bath unit (right side) currently occupied, along with another one-bedroom, one-bath unit that is vacant. The second floor is typically configured as a two-bedroom, one-bath unit but is currently rented dorm-style with individual rooms (2A, 2B, 2C) and shared common kitchen. The third floor consists of a two-bedroom, one-bath unit that is occupied, with this tenant paying their own electric. The property has separate electric meters; however, the owner currently covers electric for the dorm-style second-floor unit. Each unit in the main building offers ample storage, fire escapes, and enclosed porches that provide additional bonus space. The rear house, traditionally a two-bedroom, one-bath home with a two-car garage, is currently rented as another rent a bedroom setup with three tenants sharing kitchen space. If converted back to a standard two-bedroom layout, the tenant could be responsible for all electric, as the home is fully electric. The main building is serviced by one boiler, while the rear house has an electric furnace, making this a versatile and income-producing property with multiple rental strategies. Solid mechanics. Convenient location.

Listing Contacts

RE/MAX CSI South
Listed by RE/MAX CSI South

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$33,000.00
$2,750.00/mo

Valuation Metrics

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DSCR
14.04%
Cap Rate
14.04%
ROI

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