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Almost Home Motel 193 New Castle Rd 16 Unit Apartment Building $1,200,000 ($75,000/Unit) 12% Cap Rate Butler, PA 16001
Investment Highlights
- 193 New Castle operates as an extended stay motel and is close to 90% occupied most of the year.
- Property is positioned on 2 1/2 acres in Butler.
- 7 units set up as efficiency units with small kitchenettes in place.
Executive Summary
Suitable for a group home. Units are currently rent on a monthly or yearly basis.
Almost Home (hotel being sold).
On New Castle Road in busy area - next to Kings Restaurant. Up and running hotel.
first building - 1952
first building - 1960
Updated in 2012 - new windows, furniture, new carpeting, new roofing, new sewer system, new pavement
Property sits on 2 1/2 acres.
Almost Home (hotel being sold).
On New Castle Road in busy area - next to Kings Restaurant. Up and running hotel.
first building - 1952
first building - 1960
Updated in 2012 - new windows, furniture, new carpeting, new roofing, new sewer system, new pavement
Property sits on 2 1/2 acres.
Property Facts
| Price | $1,200,000 | Property Subtype | Apartment |
| Price Per Unit | $75,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.50 AC |
| Cap Rate | 12% | Building Size | 5,000 SF |
| No. Units | 16 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1952/2012 |
| Zoning | C-1 | ||
| Price | $1,200,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| Cap Rate | 12% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 2.50 AC |
| Building Size | 5,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1952/2012 |
| Zoning | C-1 |
About 193 NEW CASTLE RD , BUTLER, PA 16001
193 New Castle Road is a 16 unit multi-family property located in Butler.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
1 1
Property Taxes
| Parcel Number | 056-21-4A1-0000 | Improvements Assessment | $18,720 |
| Land Assessment | $17,280 | Total Assessment | $36,000 |
Property Taxes
Parcel Number
056-21-4A1-0000
Land Assessment
$17,280
Improvements Assessment
$18,720
Total Assessment
$36,000
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Almost Home Motel | 193 New Castle Rd
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