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RANKIN MUNICIPAL APARTMENTS 100 2nd St 12 Unit Apartment Building $999,000 ($83,250/Unit) Rankin, PA 15104
EXECUTIVE SUMMARY
12 UNIT APARTMENT BUILDING. UPDATES IN LAST 5 YEARS- MAIN ELECTRICAL REPLACED 2020, 5 UNITS RENOVATED, MAIN PLUMBING LINES UNDER BUILDING REPALCED IN 2025, UNITS THAT ARE NOR RENOVATED ARE LONG TERM TENANTS, LAUNDRY IS LEASED GENERATES $60 PER MONTH,
NEIGHBORS MARY'S VINE, WALKING DISTANCE TO WATERFRONT SHOPS
EXPENSES DO NOT INCLUDE INSURANCE WHICH IS BUNDLED WITH OTHER PROPERTIES
NEIGHBORS MARY'S VINE, WALKING DISTANCE TO WATERFRONT SHOPS
EXPENSES DO NOT INCLUDE INSURANCE WHICH IS BUNDLED WITH OTHER PROPERTIES
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$94,464
|
$7.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$94,464
|
$7.24
|
| Taxes |
$16,203
|
$1.24
|
| Operating Expenses |
$21,864
|
$1.68
|
| Total Expenses |
$38,067
|
$2.92
|
| Net Operating Income |
$56,397
|
$4.32
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $94,464 |
| Annual Per SF | $7.24 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $94,464 |
| Annual Per SF | $7.24 |
| Taxes | |
|---|---|
| Annual | $16,203 |
| Annual Per SF | $1.24 |
| Operating Expenses | |
|---|---|
| Annual | $21,864 |
| Annual Per SF | $1.68 |
| Total Expenses | |
|---|---|
| Annual | $38,067 |
| Annual Per SF | $2.92 |
| Net Operating Income | |
|---|---|
| Annual | $56,397 |
| Annual Per SF | $4.32 |
PROPERTY FACTS
| Price | $999,000 | Building Class | C |
| Price Per Unit | $83,250 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 13,046 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1900/2020 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $999,000 |
| Price Per Unit | $83,250 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 13,046 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2020 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
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PROPERTY TAXES
| Parcel Number | 0236-F-00120-0000-00 | Total Assessment | $363,100 (2025) |
| Land Assessment | $24,000 (2025) | Annual Taxes | $16,203 ($1.24/SF) |
| Improvements Assessment | $339,100 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0236-F-00120-0000-00
Land Assessment
$24,000 (2025)
Improvements Assessment
$339,100 (2025)
Total Assessment
$363,100 (2025)
Annual Taxes
$16,203 ($1.24/SF)
Tax Year
2024
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RANKIN MUNICIPAL APARTMENTS | 100 2nd St
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