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108 Oak Dr 4 Unit Apartment Building $698,900 ($174,725/Unit) 6.85% Cap Rate Saxonburg, PA 16056
Investment Highlights
- 1.6 acres with room for future expansion.
Executive Summary
1.6 acres with room for future expansion, well-maintained Brick 4-unit investment property offers a blend of peaceful rural living + proximity to everyday conveniences. Located at the base of the Glenn Forest Community surrounded by newer $350,000–$700,000 homes this property benefits from a strong rental environment and long-term tenant appeal. Just minutes from local shops, dining, gas, Knoch Schools (South Butler), the location is both quiet and practical. Each unit features 2bdrms, large closets, generous living areas, a kitchen, full bath, multiple closets. Tenants enjoy exceptionally low utility costs thanks to a $100,000 geothermal HVAC system, long-term occupancy. Highlights include 12 paved off-street parking, outdoor patios or decks with front and rear entrances, motion-sensor lighting, on-site commercial laundry, upgraded appliances, newer carpeting, and two dedicated storage units. A solid, efficient property with upside potential—ideal for investors seeking stability and growth.
Property Facts
| Price | $698,900 | Apartment Style | Low-Rise |
| Price Per Unit | $174,725 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.23 AC |
| Cap Rate | 6.85% | Building Size | 4,000 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1998 |
| Property Subtype | Apartment | Parking Ratio | 3/1,000 SF |
| Zoning | MUL - Multifamily | ||
| Price | $698,900 |
| Price Per Unit | $174,725 |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.23 AC |
| Building Size | 4,000 SF |
| No. Stories | 2 |
| Year Built | 1998 |
| Parking Ratio | 3/1,000 SF |
| Zoning | MUL - Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
Property Taxes
| Parcel Number | 190-S7-CA-0000 | Improvements Assessment | $36,810 |
| Land Assessment | $3,870 | Total Assessment | $40,680 |
Property Taxes
Parcel Number
190-S7-CA-0000
Land Assessment
$3,870
Improvements Assessment
$36,810
Total Assessment
$40,680
Contacts
-
Sharon Scheidemantle -
Fred Solman -
Berkshire Hathaway HomeServices Preferred Realty
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