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The Hook-Morgan Building 102 E High St 7 Unit Apartment Building $620,000 ($88,571/Unit) 10% Cap Rate Waynesburg, PA 15370
INVESTMENT HIGHLIGHTS
- Mixed-Use Building fully occupied
- Within the CBD of historic Waynesburg.
- Historically renovated
EXECUTIVE SUMMARY
Welcome to the Hook-Morgan Building; a historically renovated 3-Sty, mixed-use commercial/residential building with a full basement. This structure was one of the first mixed-use buildings in Waynesburg and contains 3 commercial spaces on the main and lower levels and seven, 1 and 2-bedroom apartments units on the upper floors. All renovations were supervised by an architect and followed all building code requirements. All 65 windows were replaced with Marvin Windows. Allegheny Mill Works provided the windows, doors and hardware and fully restored the 3-story staircase. All apartments have 1-hour fire interior doors. Period-appropriate solid wood front entry door, panels, fanlight and sidelights from Allegheny Mill Work were installed in 2012. New roof, plumbing, HVAC and electrical were part of the renovations as well as a new concrete and Pennsylvania Bluestone entry. Everything was meticulously restored. A must see for anyone searching for an income property.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$96,265
|
$8.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,813
|
$0.42
|
| Effective Gross Income |
$91,452
|
$8.01
|
| Taxes |
$7,315
|
$0.64
|
| Operating Expenses |
$21,573
|
$1.89
|
| Total Expenses |
$28,888
|
$2.53
|
| Net Operating Income |
$62,564
|
$5.48
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $96,265 |
| Annual Per SF | $8.44 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,813 |
| Annual Per SF | $0.42 |
| Effective Gross Income | |
|---|---|
| Annual | $91,452 |
| Annual Per SF | $8.01 |
| Taxes | |
|---|---|
| Annual | $7,315 |
| Annual Per SF | $0.64 |
| Operating Expenses | |
|---|---|
| Annual | $21,573 |
| Annual Per SF | $1.89 |
| Total Expenses | |
|---|---|
| Annual | $28,888 |
| Annual Per SF | $2.53 |
| Net Operating Income | |
|---|---|
| Annual | $62,564 |
| Annual Per SF | $5.48 |
PROPERTY FACTS In Escrow
| Price | $620,000 | Apartment Style | Low-Rise |
| Price Per Unit | $88,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 10% | Building Size | 11,412 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1870/2016 |
| Property Subtype | Apartment | ||
| Zoning | B-1 - General Business district | ||
| Price | $620,000 |
| Price Per Unit | $88,571 |
| Sale Type | Investment |
| Cap Rate | 10% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 11,412 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1870/2016 |
| Zoning | B-1 - General Business district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 27-000245 | Total Assessment | $152,010 (2025) |
| Land Assessment | $21,130 (2025) | Annual Taxes | $7,315 ($0.64/SF) |
| Improvements Assessment | $130,880 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
27-000245
Land Assessment
$21,130 (2025)
Improvements Assessment
$130,880 (2025)
Total Assessment
$152,010 (2025)
Annual Taxes
$7,315 ($0.64/SF)
Tax Year
2024
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The Hook-Morgan Building | 102 E High St
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